FINANCE

Introduction

MSc in Economics and Business Administration - Finance is a general university education in finance. It provides students with thorough knowledge of and competence in finance. Upon graduation, our students are expected to begin careers in financial institutions, regulatory bodies, consulting businesses or finance departments in non-financial companies.

The programme has a clearly defined structure with a focus on global finance, making the programme relevant for all international students. The global financial markets are highly developed and integrated and because of this complexity and sophistication, there is an increasing demand for graduates with university degrees in finance. Therefore, the programme is perfect for students seeking a career in finance, within a global setting.

The ultimate ambition of the programme is to prepare our students, in terms of making the right decisions at the right time; this ability requires excellent analytical skills and a talent for embracing all relevant data, as well as cultural issues.

Finance and other advanced research areas are based on statistical and mathematical models. It is therefore an advantage for students to be familiar with these areas before they begin the programme. The models are integrated into the courses so that the students study the models in relation to their applications. It is our experience that the learning outcome is much higher when the models are part of the various courses.

The latest research in finance is integrated into the programme and many of the professors are internationally well-known teachers and researchers. Our programme also uses external lecturers from local financial institutions as well as visiting faculty members from internationally acclaimed universities.

Admission Requirements

The students that hold a Bachelor’s degree in Business Administration or a Bsc programme from Aarhus BSS at Aarhus University can pursue direct admission to Msc programmes after they finish their Bachelor’s programme.

Students holding a Graduate Diploma in Business Administration (HD) can also pursue admission to the MSc programmes in Economics and Business Administration. However, it is required that you complete supplementary courses corresponding to 20 ECTS. For information on which supplementary courses you should take please check the overview of supplementary courses for HD (available only in Danish).   

If you hold a Bachelor’s degree in Economics and Business Administration, Bsc from one of the Danish institutions you fulfill the specific admission requirement and will be admitted if the specialisation does not have a limitation on intake. If you do not know whether or not you fulfill the specific requirements, please contact the Student Counselor’s Office.

If you hold a degree from another university, you can have your qualifications assessed by Aarhus University, Admission in order to find out if you meet the admission requirements. Please contact ma.admission@au.dk for further information. You can receive a pre-assessment between 1 September and 1 December.

Language requirements

Since English is the language of instruction in all subjects, all applicants are required to provide evidence of their English language proficiency.
Please see the page on language requirements.

Admission requirements in 2015

In 2015 the admission requirements for the Master’s degree programmes in Economics and Business Administration will be changed to the following:

Quantitative and Qualitative Methods

15 ECTS

Managerial economics and Operations Management

15 ECTS

Marketing

7,5 ECTS

Finance and Accounting

15 ECTS

Organisation- and Leadership Theory

7,5 ECTS

Microeconomics

5 ECTS

Additional ECTS points within the abovementioned areas

15 ECTS

Total ECTS within Economics and Business Administration

80 ECTS

 


Programme Structure

ACADEMIC REGULATIONS


PREREQUISITE COURSES

In Corporate Finance the general aim of the course is to provide the participants with profound knowledge about financial decision-making in corporations. It is important to underline that although the course focuses on the managerial problems, decisions must be based on a solid theoretical framework. The topics studied include investment and financing, real options, risk management, capital structure, governance, and asymmetric information.

In Asset Pricing  the focus is on theories and empirical methods for analysing asset pricing, fixed income, and equity markets.

In Applied Econometric Methods I, the purpose of the course is to introduce the students to the most widely used quantitative and empirical methods in econometrics, including in particular financial econometrics.

In Applied Econometric Methods II, the course extends the time series analysis from Applied Econometrics Methods I with special emphasis on relevant financial models and applications. For forecast purposes, models of financial time series and econometrics will obviously be of major relevance.


SPECIALISATION COURSES

Bank Management focuses on the financial system and the role of banks in the capital market. Also the financial regulation of markets and institutions is integrated into the course. The main aim of the course is to provide students with insight into the management tasks that banks and mortgage credit institutions face.

Securities Market covers the parts of the financial curriculum that are related to trading in markets for financial instruments. As such it complements the standard courses in asset pricing, corporate finance, bank management and financial institutions with issues from the field of market microstructure.

Derivatives
Financial derivatives such as forward, futures, swaps, and options are increasingly important instruments applied by agents of financial markets. The course focuses on describing and understanding these instruments, and on the underlying markets such as money markets, bond markets, stock, currency, and commodity markets.

Empirical Asset Pricing
Empirical Asset Pricing uses statistical and econometric methods to analyse observed prices and returns in financial markets, and to test financial market theories.


In the third semester, you can choose elective courses within your areas of interest. The courses can be taken either at Aarhus BSS during the semester, at the AU Summer University or at one of our more than 300 partner universities abroad. You can also participate in internship programmes either in Denmark or abroad.


The fourth semester is devoted to the Master's thesis. You may freely choose the topic of the thesis and thereby get a chance to concentrate on and specialise in a specific field of interest. The thesis may be written in collaboration with another student or it may be the result of your individual effort. When the thesis has been submitted, it is defended before the academic supervisor as well as an external examiner.

 

 

Student Life

Learning in an International Context

At Aarhus BSS, we conduct research at the highest academic level.

All researchers employed are engaged in research projects covering a wide range of different subjects and focusing on knowledge and skills considered essential for professional business activities in the global marketplace. All faculty have both research and teaching responsibilities, which means that our teaching is continually based on the latest research results.

Aarhus BSS is very internationally oriented. The broad scope of our research activities and educational programmes enable us to attract researchers, teachers, and students from all over the world, and this creates an international environment for research and learning in which academic views are exchanged, experiences are gathered and friendships are formed.

Aarhus University is a leading university in Denmark in building student exchange opportunities. The university encourages all students to spend time studying abroad. Every year, more than 700 students from Aarhus BSS go abroad to participate in exchange programmes around the world at our more than 300 partner universities. About the same number of students from all over the world come to participate in the exchange programme in Aarhus, and this contributes to a truly international learning atmosphere.

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Career

Tasks as a Graduate

This data is derived from AU's 2013/2014 employment survey. This data should not be considered a completely accurate representation of the labour market and job functions for all graduates of the individual degree programmes. It exclusively represents the responses submitted to the survey in the years in question.

JOB OPPORTUNITIES

An MSc in Finance opens up for various job opportunities in the financial sector.

The study programme also provides an excellent basis for a subsequent PhD programme.

In addition, the programme offers the chance of employment in the finance departments of other types of enterprises. Finally, an increasing number of graduates find employment in the consultancy industry, both domestically and abroad.

The last few years have seen a highly pronounced increase in the demand for graduates from the finance programmes.


    PROFILE OF COMPETENCIES

    The research-based MSc study programme in Economics and Business Administration builds on the competencies and insights acquired in the BSc study programme in Economics and Business Administration.

    The study programme provides the graduate with specialist knowledge within the disciplines of the study programme, which gives the graduate high academic qualifications to develop solutions to issues pertaining to business administration in companies and organisations in the public and private sectors.

    The study programme also qualifies the graduate for further studies, including PhD studies.

    Through the study programme, the graduate has acquired knowledge that enables the graduate to

    • Understand and consider knowledge pertaining to the various disciplines as well as identifying academic issues
    • Master the scientific methodologies and tools of the various disciplines as well as mastering general skills associated with employment within the areas studied
    • Assess and choose among the scientific methodologies and tools of the various disciplines as well as developing new analysis and solution models
    • Discuss professional and academic issues with both specialists and laymen
    • Manage work and development situations that are complex, unpredictable and require new solution models
    • Initiate and carry out, on an independent basis, monodisciplinary and interdisciplinary collaboration and take professional responsibility
    • Take responsibility, on an independent basis, for own professional development and specialisation


    From Studies to the First Job

    ”Be proactive in your job search and be open to different alternatives.” (Msc in Finance)

    “You should not expect huge tasks from the start but if you keep at it then the opportunities will come.” (Msc in Finance)

    ”Ask questions and update your knowledge constantly. Use your network.” (Msc in Finance)