Study options

Accounting, Master of Science (Economics and Business Administration)

The Master’s Programme in Accounting prepares students for producing and using financial and non-financial information to control and manage companies. Accounting, whether financial accounting or management accounting, is at the heart of every business and a critical part of planning and decision-making in companies. Accounting graduates possess invaluable and highly universal know-how for succeeding in different organisations across all industries and continents.
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Degree:

Master of Science (Economics and Business Administration)

Application period:

1.12.2022 – 2.1.2023

Language of instruction:

English

Duration:

2 years, full-time

Eligibility:

Relevant Bachelor's degree

Field of study:

Business and Economics

Credits:

120 ECTS

Organising school:

School of Business

Tuition fees:

For non-EU/EEA citizens, €15000/y (Master’s studies)

The next application period will open 1.12.2022 09:00 (UTC+2)

Applying to master’s programmes

Description

The Master’s Programme in Accounting prepares students for producing and using financial and non-financial information to control and manage companies. Accounting, whether financial accounting or management accounting, is at the heart of every business and a critical part of planning and decision-making in companies. Accounting graduates possess invaluable and highly universal know-how for succeeding in different organisations across all industries and continents.

Tuition fees and scholarships

Aalto University’s tuition fee for master’s programmes taught in English is 15 000 euros per academic year. Tuition fees apply to citizens of countries other than those of the European Union (EU), the European Economic Area (EEA) or Switzerland.

Aalto University has a scholarship programme to support non-EU/EEA citizens who study in a fee-charging degree programme. The scholarship may cover 100% or 50% of the tuition fee.

More information on tuition fees and scholarships at Aalto University is available at the Scholarships and Tuition Fees webpage.

Structure of studies

The Master’s Programme in Accounting is organized by the School of Business and comprises a total of 120 ECTS credits. The two-year programme consists of:

  • Programme studies (84 ECTS), including Master’s Thesis (30 ECTS)
  • Elective studies (36 ECTS)

Students have the opportunity to complete the minor studies (24 ECTS) in an official exchange programme partner of the School of Business.

At the beginning of their studies, students define their Personal Study Plans (PSP) together with an academic advisor. The primary purpose of PSP is to ensure that the studies support the student’s interests and are completed in a logical order.

The key takeaways from my years at Aalto include critical thinking, networking and problem-solving skills.

Cindy Svetkow, Consultant, EY

Specialisations

Specialisation is built mainly through advanced studies, where students may choose courses.

Internationalisation

Accounting is universal, making it an ideal field for international careers. The skills that students learn in the programme are universal and can be applied industry-wide. To further encourage internationalisation, Accounting professors have diverse backgrounds and most of the courses handle global topics.

Aalto University is international by nature, welcoming thousands of degree and exchange students from abroad each year. These students join the diverse Aalto community not only through studies, but also multiple free time events, activities and celebrations around the campus. Programme administrators, active student tutors and student support services work rigorously to help international students integrate into Nordic culture and welcome them at home in Finland.

Further study opportunities

The degree grants eligibility for doctoral studies.

Career opportunities

As a graduate of Accounting, you will have broad career prospects. Typical job titles include, for example, Chief Financial Officer, Business Controller, Financial Analyst, Auditor and Business Consultant. The typical route from university to these positions happens through corporate collaboration. The students can network with companies especially during courses (e.g. Capstone course), student activities organised by Aalto Accounting (student association of accounting students) or thesis assignments. Most of the Accounting students have a guaranteed job already before graduating from the programme.

Aalto University has well-established career services that help you get employed in Finland and abroad. Aalto students tend to find good positions with ease upon their graduation. An active entrepreneurship community is also present at Aalto, which can help as a springboard for founding your company. Finally, if an academic career is of interest, the Master’s programme in Accounting is a great foundation for doctoral studies and post-doc positions.

Research focus

At the Department of Accounting, we conduct high-quality accounting research that is published in international top peer-reviewed journals. The emphasis of the research is on financial statement analysis, capital budgeting, auditing, performance measurement, management control, risk management, sustainability reporting, and corporate governance.

Co-operation with other parties

At the Department of Accounting, we believe that it is our responsibility to leave a positive mark not only on academic life but also on society at large. To accomplish this goal, the teachers at the department engage actively in societal discussions, cooperate closely with firms, other organizations, and other Aalto university parties. Many of the teachers give management and executive education for managers and executives.

Multidisciplinary opportunities

Accounting is needed in companies across all industries, and applying it is not only limited to the field of business. In the Master’s programme in Accounting, students can choose their minor and elective courses from a wide selection to meet their interests and goals.

Aalto University is well-known for bridging disciplines of business, arts, technology and science. The lively campus and freedom to choose elective courses across the university bring students from different fields under one roof. This spontaneous multidisciplinary environment sparks new ideas, gathers enthusiasts around them and gives birth to friendships, networks, and every so often, startups.

What makes studying in the Master's programme in Accounting so unique?

Photo of Emma-Riikka Myllymäki, alumna of the Master's programme in Accounting.

''Accounting for sustainability - Accounting expertise in reporting, measuring, controls, and assurance can enhance organizations' sustainability reporting, which is in the core for sustainable decision-making inside and outside the organizations, and further, for achieving the sustainability goals of the future.''

Emma-Riikka Myllymäki, Assistant Professor of Accounting, Aalto University School of Business

Anna Kuusela, alumna of the Master's programme in Accounting

“Today I have the confidence in myself and my skills: I believe I can figure anything out. This is one of the key mindset shifts shaped by my studies at Aalto and I know this will set me up for success…for life."

Anna Kuusela, International online confidence coach for women and Founder & CEO of SISU Collective

Jussi Siitonen_alumnus of the Master's programme of Accounting

“My expectations for studying Accounting at the Aalto University School of Business were to get a strong analytical skill set to understand business dynamics and keep all the options open for further career opportunities. Now, after 30 years in the business I can assure that Accounting provided me not only with the analytical toolbox but also the capability to understand the importance of financial information as well as how to use that in the business world.”

Jussi Siitonen, Chief Financial Officer, Amer Sports

Teemu Malmi_Alumnus of the Master's programme in Accounting

"Accounting is the language of business and needs to be understood well by all aiming to achieve leading positions in contemporary organizations. Our master’s program is designed to equip you with solid financial skills to guarantee success in variety of jobs including general management, financial management, consultancy, entrepreneurship and many others."

Teemu Malmi, Professor of Accounting, Aalto University

Alumna of the master's programme in accounting: Kati Marttila

"Master’s studies at Aalto provided me with a solid foundation in financial reporting, as well as great opportunities for connecting with professionals from a variety of companies – everything needed for starting my career in the field."

Kati Marttila, Controller, Cargotec

Chat with Aalto students

Are you wondering what it is like to study at Aalto University? Or what student life is like at Aalto’s vibrant Otaniemi Campus or at the Mikkeli Unit? Come chat with our students about all things Aalto!

Chat with our students!
Aalto students walking at campus during summer

Admission dates

The admissions to Master's programmes at Aalto University in the field of Business and Economics are organised once a year. The application period for studies starting in autumn 2023 is from 1 December 2022 to 2 January 2023.

Here are the most important dates to remember:

  • 1 December 2022 – Application period begins and online application system opens
  • 2 January 2023 – Application period ends and the online application system closes
  • 29 March 2023 – Admission results are published at the earliest
  • 20 April 2023 – Deadline for accepting the offered study place

Programme-specific Admission Requirements

In addition to these programme-specific admission requirements, applicants must also fulfill the general admission requirements.

Admission group 1

Bachelor’s degree from a university in Finland

Admission group 2

Bachelor’s degree from a university of applied science in Finland or from a higher education institution abroad

Get to know us

Ekonominaukio 1 staircase to 1st floor. Photo by Unto Rautio.

School of Business

At the School of Business we strive for better business and better society. We excel in education and research with a multidisciplinary approach and in collaboration with our partners.

Aalto-yliopisto Oppismiskeskus / Tuomas Uusheimo

Otaniemi, a crown jewel of Finnish architecture

A parkland-style campus established in the 1950s forms the core of Otaniemi. The overall vision of the campus was that of Alvar Aalto, and its individual buildings were designed by Aalto and other celebrated Finnish architects such as Reima and Raili Pietilä and Heikki and Kaija Sirén.

Campus
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Get to know Finland and Aalto

Finland’s excellent reputation in education, combined with a wide range of courses offered in English, makes Finland and Aalto University an attractive study destination for international students.

Study at Aalto
BIZ Main Building by Mika Huisman

Department of Accounting & Business Law

The Department of Accounting is one of the leading research faculties in the Nordic region.

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Contact information

School of Business

[email protected], [email protected]

https://www.aalto.fi/en/study-options/masters-programme-in-accounting

The next application period will open 1.12.2022 09:00 (UTC+2)

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