Master's Programme in Accounting
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Field of study:
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Cindy Svetkow, Consultant, EY
The key takeaways from my years at Aalto include critical thinking, networking and problem-solving skills.
Objectives of studies
Accounting plays a key role in any company’s strategic and operative decision-making. That role is to produce and use financial and non-financial information for making the right choices and strategic shifts in a turbulent global business environment. Upon graduation from the Accounting programme, graduates will have:
- In-depth financial knowledge. Graduates are able to generate, analyse, interpret and communicate financial information for the benefit of organisations, stakeholders, and the broader society.
- Problem-solving skills. Graduates view managerial challenges through numbers and find solutions to answer them.
- Management capabilities. Graduates can effectively contribute to the development of management information systems.
- Decisive roles in organizations. Graduates impact and guide the strategic and operative decision making of organizations.
- Universal competence. Graduates possess accounting and financial skills are universal and can be applied in all kinds of organizations, across industries and continents.
Upon graduation from the Accounting programme, graduates have not only financial substance in the field of accounting but also leading-edge skills to apply it to solve business problems, lead operative and strategic decision-making and develop better ways for companies to operate.
What makes studying in the Master's programme in Accounting so unique?
“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
“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
"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
"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
Scholarships and Tuition fees
The tuition fee is €15 000 per academic year for non-EU/EEA citizens. Prospective students subject to tuition fees are eligible to apply for Aalto University Scholarship.
The language of instruction is English.
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)
- Minor studies (24 ECTS)
- Elective studies (12 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.
Personal Study Plan (PSP)
Personal Study Plan (PSP) is a practical tool to define a student’s own study path, i.e. compiling an optimal selection of courses, aligned with the student's interests and programme requirements. PSP is also a useful tool for keeping up with studies. At best, it shows the stage at which students are with their studies and sets concrete milestones for them to follow.
Post-graduate study options
The degree grants eligibility for doctoral studies.
Content of studies
The teaching methods in the programme utilise problem-based learning: actual business problems get solved with real financial information and analytical tools. Theoretic lectures are balanced with independent hands-on assignments, case teaching and group work. Student feedback is well-received by the Department of Accounting and used to improve the learning experience further. There are two focus areas in the field of accounting:
Management accounting helps you learn how to prepare and use financial and non-financial information to serve the needs of managerial control and decision-making.
The core topics in this area of specialisation include:
- Management control
- Strategic management accounting
- Capital investment decisions
- Performance management
- Management accounting information systems
Financial accounting helps you learn how to prepare and use financial statement information to serve the needs of outside stakeholders, especially the decision making of debt and equity holders.
The core topics in this area of specialisation include:
- Financial statement analysis
- International and national accounting standards
- Issues in group accounting and consolidated financial statements
- Auditing methods
Additionally, the programme equips students with expertise in issues such as company law, financial institutions, corporate governance and research methodologies.
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.
Accounting is flexible when it comes to choosing the minor and elective courses from other majors, schools and universities. As accounting is needed in companies across all industries, applying it is not only limited to the field of business.
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.
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 KY 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.
Chat with our student!
Want to find out more about student life? Ask our Master’s student Emma anything about studying, living in Finland or how to survive the Finnish Sauna. She will answer your questions during workdays.
+358 40 3244995
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 2020 is from 2 December 2019 to 3 January 2020.
Here are the most important dates to remember:
- 2 December 2019 – Application period begins and online application system opens
- 3 January 2020 – Application period ends and the online application system closes
- 30 March 2020 – Admission results are published
- 28 April 2020 – 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.
Required previous studies
To be considered for admission the applicant must have completed at least 30 ECTS credits of studies in Accounting and/or closely related subjects. The studies must include:
- a minimum of two courses (at least 12 ECTS credits in total) in financial accounting; and
- a minimum of two courses (at least 12 ECTS credits in total) in management accounting; and
- a minimum of one course (6 ECTS credits in total) in financial accounting, management accounting, corporate finance, or business law.
The applicants that fulfill the above requirement of previous studies are ranked according to the criteria below.
Admission group 1
ADMISSION GROUP 1: Bachelor’s degree from a university in Finland
In case of a tie applicants are evaluated on the basis of the number of credits and the grades of studies in Accounting. In this case, higher education level Accounting studies outside the degree granting eligibility to apply can be considered.
Applicants are evaluated on the basis of GPA of the degree granting eligibility to apply. Additional studies outside the degree are not considered for GPA. Applicants with a GPA lower than 3.50 are not eligible for admission.
Admission group 2
ADMISSION GROUP 2: Bachelor’s degree from a university of applied science in Finland or from a higher education institution abroad
In case of a tie applicants are evaluated on the basis of the number of credits and the grades of studies in Accounting. Also the ranking of the degree granting institution can be considered.
Applicants are evaluated on the basis of their GMAT/GRE score. GMAT or GRE is obligatory in admission group 2 (minimum score 600 in GMAT or equivalent GRE score). Academic background in Economic Sciences is considered an advantage. Applicants must demonstrate good academic performance.
Get to know us
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.
Finland’s excellent reputation in education, combined with a wide range of courses offered in English, makes Finland an attractive study destination for international students. Boasting the largest technology hub of the Nordic countries, Finland is a world leader in information technology, business, design and many other academically centred fields.