Master of Science - Accounting
Aalto University’s Master of Science in Accounting program is de...
MSc in Economics and Business Administration - Economics
Aalto
INTAKE: August
Program Overview
The MSc in Economics and Business Administration - Economics program at Aalto University is a prestigious graduate-level course designed to provide students with in-depth knowledge of economic theory and its applications in business and policy-making. The program is tailored to equip students with analytical, quantitative, and critical thinking skills essential for solving complex economic challenges in a globalized economy. Students will gain a strong foundation in microeconomics, macroeconomics, econometrics, and economic policy, preparing them for careers in academia, government, and international organizations or leading roles in the private sector. The program is highly interdisciplinary, bridging the gap between economics and business administration to address real-world issues effectively.
Curriculum: The curriculum of the MSc in Economics and Business Administration - Economics program is structured to provide both breadth and depth in the field of economics. Students begin with core courses in microeconomics, macroeconomics, and econometrics, which form the foundation of the program. They then move on to advanced topics such as game theory, international economics, labor economics, and development economics, among others. The curriculum is designed to foster both theoretical understanding and practical application, with courses integrating case studies, data analysis, and problem-solving exercises. Elective courses allow students to specialize in areas such as financial economics, public policy, or industrial organization. The program culminates in a Master's thesis, providing students the opportunity to conduct independent research in an area of their choice, contributing to the broader field of economics.
Research Focus: The MSc in Economics and Business Administration - Economics program places a strong emphasis on research, offering students the opportunity to engage with cutting-edge economic theory and applied research. Students are encouraged to explore research areas such as economic development, environmental economics, behavioral economics, and the economics of digitalization. The program prepares students to contribute to the academic community through rigorous empirical research, often utilizing advanced econometric tools and data analysis techniques. Aalto University’s economics faculty is renowned for its expertise in these fields, and students have access to a range of research seminars, workshops, and collaborative projects that foster intellectual growth and innovation in economic thought.
Industry Engagement: Aalto University’s Economics program emphasizes industry engagement, with students having numerous opportunities to collaborate with businesses, public organizations, and NGOs on real-world economic problems. The program fosters strong links with industry leaders and experts, enabling students to apply their academic knowledge to practical challenges faced by organizations today. This connection to the industry is facilitated through internships, consulting projects, and networking events, where students can meet potential employers and gain valuable insights into the economic forces shaping the business world. The university’s location in Finland, with its strong business environment and thriving international trade, further enhances students' exposure to economic applications in various sectors.
Global Perspective: The MSc in Economics and Business Administration - Economics program provides students with a truly global perspective. The curriculum includes a focus on international economics, global trade, and economic policy, ensuring that graduates are well-prepared to navigate the global economy. Aalto University attracts a diverse student body, offering a multicultural environment where students can learn from peers with different economic and cultural backgrounds. Additionally, students are encouraged to participate in exchange programs, international conferences, and research collaborations, enhancing their understanding of global economic issues. This international exposure ensures that graduates can work in diverse environments, both in Finland and abroad, and contribute meaningfully to global economic discussions.
Location
Aalto
Score
Tuition Fee
€ 15000
Postgraduate Entry Requirements
Application Fee: €100
Academic Qualifications: Applicants for postgraduate programs typically require a minimum academic achievement of 60% or above in their bachelor's degree.
English Language Proficiency:
- English language test waiver is applicable if the Bachelor's, Master's, Licentiate, or Doctoral degree is in English language.
Standardized Test Requirements:
- Graduate Record Examinations (GRE): Overall score of 315 or higher is required.
- Graduate Management Admission Test (GMAT): Overall score of 600 or higher is required.
Aalto University in Finland offers a variety of scholarships to support international students who wish to study at one of the leading universities in Europe. These scholarships are designed to alleviate the financial burden of tuition fees and help students focus on their studies while living in Finland.
Aalto University Tuition Fee Scholarships: Aalto University offers scholarships specifically for international students who are required to pay tuition fees. The scholarships cover either partial or full tuition fees for master’s degree students from non-EU/EEA countries. The scholarship amounts range from 50% to 100% of the tuition fee, depending on the applicant’s academic achievements. Scholarships are awarded based on the strength of the application and the applicant’s academic background.
Aalto University Scholarship for Living Expenses: While the primary focus of the scholarship program is to assist with tuition fees, some additional financial support is available for students to help cover living expenses. These scholarships are typically awarded to students who already receive a tuition fee scholarship but need further assistance to cover their living costs.
The MSc in Economics and Business Administration - Economics program at Aalto University provides graduates with a broad spectrum of career opportunities in both the private and public sectors. Equipped with advanced analytical, quantitative, and economic reasoning skills, graduates are well-prepared to take on leadership roles in a variety of industries.
Economic Consultant: Graduates of this program can work as economic consultants for consulting firms, multinational corporations, government agencies, and NGOs. They use their expertise to analyze economic data, provide policy recommendations, and offer solutions to complex economic problems, such as market forecasting, cost-benefit analysis, and economic impact assessments.
Financial Analyst: Many graduates pursue careers in finance, working as financial analysts, investment analysts, or portfolio managers. They assess financial data, economic trends, and market conditions to help businesses and investors make informed decisions about investments, risk management, and financial planning.
Policy Advisor: Graduates can work as policy advisors for government agencies, international organizations, or think tanks. They analyze economic data, evaluate public policies, and provide insights into how economic policies can address issues such as inequality, unemployment, and environmental sustainability.
Researcher or Academic: With a strong foundation in research methods and econometrics, graduates can pursue careers in academia or research institutions. They can become university professors, researchers, or policymakers, contributing to the development of economic theory and practice.
Corporate Strategist: Graduates can work as corporate strategists, helping organizations develop long-term business plans, enter new markets, and identify opportunities for growth. They analyze macroeconomic trends, market dynamics, and consumer behavior to guide corporate decision-making.
Economist at International Organizations: Graduates can also work for international organizations like the United Nations, the World Bank, or the European Union, applying their knowledge of economics to help shape global economic policies and initiatives aimed at economic development and stability.
Data Scientist or Econometrician: Graduates with an interest in data analytics can work as data scientists or econometricians, using advanced statistical models and data analysis techniques to solve economic problems and create predictive models for various sectors, including finance, healthcare, and public policy.
Banking Professional: Many graduates choose careers in the banking sector, working for central banks, commercial banks, or investment banks. They may specialize in areas like monetary policy, financial regulation, or risk management, helping to guide financial stability and economic growth.
Entrepreneur or Start-up Founder: With an understanding of economics and business administration, some graduates may start their own ventures, especially in the fintech or consulting sectors. They can launch businesses that leverage economic analysis to solve specific market challenges.
Supply Chain Analyst: Graduates can pursue careers in supply chain management, analyzing global trade, logistics, and production systems to optimize supply chain operations. Their skills in macroeconomic trends and market analysis are essential for improving efficiency and cost-effectiveness in global supply chains.
Corporate Social Responsibility (CSR) Manager: Given the program's emphasis on economic development and sustainability, graduates can work as CSR managers, helping organizations integrate social and environmental considerations into their business strategies, policies, and operations.
Public Sector Manager: Graduates can also find opportunities in public administration, working as managers or analysts for local, regional, or national governments. They contribute to the formulation of policies, budgeting, and economic planning, aiming to improve public services and societal welfare.
