Business Analytics, Master of Science (Economics and Business Administration)
Degree:
Application period:
Language of instruction:
Duration:
Eligibility:
Field of study:
Credits:
Organising school:
Tuition fees:
Description
Studying in the Master’s Programme in Business Analytics offers students a unique combination of skills in leadership, business, and technology. The programme fits industry and future needs, and graduates are innovative leaders of the digital and sustainable era. The programme provides students with in-depth knowledge in data-based decision-making and analytics and allows them to specialise in different business domains. Aalto University ranks 1st in Finland and 3rd in the Nordic countries in Financial Times’ European Business Schools 2020 ranking.
Both teaching and research are state-of-the-art, ensuring that upon graduating from the Business Analytics Programme, graduates will have:
In-depth knowledge of advanced data analytics and business intelligence. Graduates possess essential knowledge of data-driven decision-making and problem-solving.
A holistic understanding of sustainable business. As sustainability is at the core of all thriving businesses, graduates will be specialists in sustainable business decision-making.
Necessary leadership skills. Graduates are great communicators and thoughtful leaders of diverse teams.
Analytical thinking and decision-making skills. Graduates are critical thinkers who analyse business decisions based on data.
Language of instruction
The language of instruction is English.
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
Overall, the Business Analytics Programme comprises a total of 120 ECTS credits. The two-year programme consists of:
- Business Analytics studies including analytics, programming, and data management (60 ECTS), includes Master's Thesis (30 ECTS)
- Specialisation in your chosen business domain (30 ECTS)
- Electives (30 ECTS) which can include exchange studies or internship
Alena Pasynkova, studentThe world really needs solution-oriented experts who understand and explain technical details and connect analytics with business needs.
Specialisations
Specialisation is built mainly through advanced studies, where students may choose courses.
Internationalisation
About 40% of the students are international and the studies give graduates good opportunities for working in international businesses.
Aalto University is international by nature, welcoming thousands of degree and exchange students from abroad every year. These students join the diverse Aalto community not only through studies but also via 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 the Nordic culture and welcome them at home in Finland.
Further study opportunities
The Master’s programme in Business Analytics at Aalto is considered a great foundation for doctoral studies and post-doc positions.
Career opportunities
The existing strong demand for analytics students with strong business knowledge will only grow in the future. Collaborative courses with companies and alumni offer opportunities to work on real-life cases and network with industry leaders. Most students do their Master’s thesis commissioned by their employer. The Master’s Programme in Business Analytics will allow students to personalise their professional profile. Possible positions immediately after graduation include:
- Business analysts and business intelligence specialists
- Analytics and M&A consultants
- Quantitative marketing analysts
- Product analysts
- Business controllers
- Data scientists
In the later career stages the ability to understand data and analytics gives a unique advantage to advance to top management positions.
Aalto University has well-established career services through which you can get employed in Finland and elsewhere. Aalto students tend to find fulfilling positions with ease after graduation. Aalto also has an active entrepreneurship community, which can serve as a springboard for founding student startups.
Research focus
The research in this programme is linked to several focus areas in the School of Business. Additional information about research related to this programme can be found at the Department of Information and Service Management website: https://www.aalto.fi/en/department-of-information-and-service-management
Co-operation with other parties
Aalto University and the departments involved in the programme collaborate with many high-quality universities worldwide.
The student can take advantage of the studies within other Aalto University Schools, studies under the flexible study right agreement (JOO) within other universities as well as the major's international connections and student exchange possibilities.
Webinar | Business Analytics
What is it to study in Master's Programme in Business Analytics? Watch our webinar recording to learn more about the studies, career opportunities and to get answers to some of your questions.
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!
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
| Relevance of previous studies | |
| What is evaluated? | Previous studies |
| Admission requirements |
Required previous studies To be considered for admission the applicant must have completed at least 18 ECTS credits of studies that give ability to start the advanced studies in the programme. The credits completed in the following subjects, or subjects that the Aalto University School of Business considers to be corresponding, may be considered: Analytics, Management Science, Information Systems Science, Computer Science, Business Mathematics and Statistics. Theses or internships cannot be included in these credits. The previous credits in the core area of the programme giving the ability to start the advanced studies are assessed by a representative of the programme. |
| Evaluated documents | Transcript(s) of records, degree certificate(s) |
| Criticality | Critical (0 points = rejection) |
| Academic performance | |
| What is evaluated? | Grades of the previous degree(s) |
| Admission requirements | Applicants with a weighted GPA of previous degree lower than 3.50 are not eligible for admission. |
| Evaluated documents | Transcript(s) of records, degree certificate(s) |
| Criticality | Critical (0 points = rejection) |
| Academic performance | |
| What is evaluated? | Amount and weighted GPA of previous studies |
| Admission requirements | Amount and weighted GPA of previous studies giving the ability to start the advanced studies. Applicants with a weighted GPA of previous studies giving the ability to start the advanced studies lower than 3.50 are not eligible for admission. |
| Evaluated documents | Transcript(s) of records, degree certificate(s) |
| Criticality | Critical (0 points = rejection) |
| Suitability | |
| What is evaluated? | Motivational letter and CV |
| Admission requirements | The letter is written in English and the maximum length of the letter is 4000 characters (including space characters). |
| Evaluated documents | Motivation letter and CV |
| Criticality | Not critical (0 points does not mean rejection.) |
Admission group 2: Bachelor’s degree from a university of applied science in Finland or from a higher education institution abroad
| Relevance of previous studies | |
| What is evaluated? | Previous studies |
| Admission requirements |
Required previous studies To be considered for admission the applicant must have completed at least 24 ECTS credits of such studies that give ability to start the advanced studies in the programme. The credits completed in the following subjects, or subjects that the Aalto University School of Business considers to be |
| Evaluated documents | Transcript(s) of records, degree certificate(s) |
| Criticality | Critical (0 points = rejection) |
| Academic performance | |
| What is evaluated? | Overall evaluation of previous studies |
| Admission requirements | Applicants must demonstrate good academic performance. |
| Evaluated documents | Transcript(s) of records, degree certificate(s) |
| Criticality | Critical (0 points = rejection) |
| Academic performance | |
| What is evaluated? | Amount and weighted GPA of previous studies |
| Admission requirements | Amount and weighted GPA of previous studies giving the ability to start the advanced studies. Applicants with a weighted GPA of previous studies giving the ability to start the advanced studies lower than 3.50 are not eligible for admission. |
| Evaluated documents | Transcript(s) of records, degree certificate(s) |
| Criticality | Critical (0 points = rejection) |
| Standardized tests | |
| What is evaluated? | Analytical and quantitative skills |
| Admission requirements | GMAT or GRE is obligatory in admission group 2 (minimum score 600 in GMAT or equivalent GRE score). |
| Evaluated documents | GMAT/ GRE test results |
| Criticality | Critical (0 points = rejection) |
| Suitability | |
| What is evaluated? | Motivational letter and CV |
| Admission requirements | The letter is written in English and the maximum length of the letter is 4000 characters (including space characters). |
| Evaluated documents | Motivation letter and CV |
| Criticality | Not critical (0 points does not mean rejection.) |
More information on Master's Degree Programmes
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.
The Creative Sustainability (CS) programme provides students with the skills and knowledge to address pressing global sustainability challenges through business. Students with different backgrounds are united by the creative solutions, hands-on methodologies and shared values that characterise the programme. Graduates are well-prepared for leadership positions that require harnessing business understanding to reach the Sustainable Development Goals (SDGs).
The Economics programme prepares students to structure and understand the world through in-depth economic expertise and strong analytical skills, combined with computation and data processing skills. It is meant for students who are fascinated by complex challenges such as climate change, inequality and innovation, and want to address these challenges in an analytical manner. Students have the unique opportunity to be part of Helsinki Graduate School of Economics, formed by Aalto University, Hanken School of Economics, and University of Helsinki, that aims to train the future generation of world-class economists.
The Master’s Programme in Finance at Aalto University offers an exciting curriculum spanning various topics including corporate finance, (alternative) investments, mergers and acquisitions, behavioural finance, sustainability, fixed income, entrepreneurial finance, fintech, and financial econometrics. Students can select minor and elective studies from numerous other disciplines including Economics, Accounting, Analytics and Data Science, and (Financial) Engineering. Students selected into the programme share high academic potential, ambition, and an analytical mindset, making Finance graduates an extremely attractive talent pool for global employers in the financial sector and beyond. The programme also provides an excellent preparation for the world’s leading PhD programmes.
The Master’s programme in Global Management prepares students to operate responsibly and successfully in influential decision-maker positions in a globalized environment. The programme develops students’ knowledge and skills in strategy, business development, leadership, and cross-cultural understanding. The programme incorporates CEMS Master’s in International Management.
Master's Programme in Information and Service Management is the most tech-savvy programme at the Aalto University School of Business. The ISM programme shapes students into future leaders of the digital era with a unique combination of leadership, business and technology. ISM provides students with in-depth expertise in developing, managing and leading data-heavy businesses, making graduates highly sought after in the job market.
IDBM is a pioneering and renowned study programme that truly embodies the vision of Aalto by integrating design and technology with global business development. Through transdisciplinary teamwork and real-life business challenges provided by our prominent industry partners, the programme prepares students as the next generation of creative professionals. IDBM is uniquely positioned as the only programme offered in all six schools of Aalto, allowing programme graduates to earn a Master’s degree in either business, design or technology.
Organisations today seek talent that understands how global trends, such as digitalisation, globalisation and circular economy, affect their core business, strategy and brand. The Master’s Programme in Marketing prepares students to face these challenges and provides them with the skills and knowledge to drive a global market and customer strategy. As a result, graduates are well-equipped in bringing customer and market insights to strategic decision making of companies competing in global markets.
The Master’s Programme in People Management and Organizational Development
provides students with expert knowledge and the analytical, communication and teamworking skills needed to help organizations to develop their operations successfully and sustainably. Upon graduation students work in expert and leadership roles in the fields of human resource management and organizational development. The programme further offers students a unique chance to complete a double degree programme with the University of Queensland (AU) or University of South Carolina (US). The programme is run in close collaboration with business, public organizations and NGOs. Thus, the programme offers students the latest knowledge in people management and organizational development in rapidly changing world of work and organizations.
Strategic Management in a Changing World is a unique Master’s programme that teaches students how to develop effective strategy in a rapidly changing world. Graduates are analytical decision-makers who can identify valuable business opportunities by evaluating of complex global megatrends such as sustainability, digitalization, and globalization. To action these new opportunities, the programme teaches students how to bring an entrepreneurial mindset into their organizations.
The Master´s Programme in Business Law is taught in Finnish.
For more information visit our Finnish web site.