The increasing globalisation and internationalisation within trade and industry have led to a growing demand for managers with an international perspective as well as the ability to evaluate the economic consequences of their decisions.
An MSc in Economics and Business Administration - Finance and International Business not only provides you with the professional qualifications for making strategic decisions concerning difficult and complex financial matters, but also gives you experiences and competences in terms of acting in an international context.
The programme in Finance and International Business exposes you to an international educational environment where students come from different countries and thus have different cultural backgrounds.
Members of faculty with an international background carry out all exams and courses in English.
The programme provides a theoretical framework for advanced academic study of finance and international business, which enables you to solve practical problems in the international business community.
The opportunities for participating in exchange and internship programmes either in Denmark or abroad make it a genuinely international education.
Students that hold a bachelor’s degree in Business Administration or a BSc degree from Business and Social Sciences, Aarhus University can pursue direct admission to MSc programmes in Economics and Business Administration (including the MSc in Economics and Auditing) after they finish their bachelor’s degree programme. Please note that there are specific requirements to the composition of the electives for the Danish Bachelor’s degree in Business Administration and Commercial Law.
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 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 email@example.com for further information. You can receive a pre-assessment between 1 September and 1 December. The assessment will prioritize the sufficient content of the following subjects and ECTS-points, cf. below.
Quantitative and Qualitative Methods
Managerial economics and Operations Management
Finance and Accounting
Organisation- and Leadership Theory
Additional ECTS points within the abovementioned areas
Total ECTS within Economics and Business Administration
Since English is the language of instruction in all subjects, all applicants are required to provide evidence of their English language proficiency.
The programme is divided into four semesters. Furthermore, the first two semesters are each divided into two blocks.
The first semester creates the necessary foundation both methodologically and theoretically for further studies of finance and international business.
Applied Econometric Methods introduces you to the most widely used quantitative and empirical methods in econometrics, including in particular financial econometrics. The course has two overall aims. Firstly, it provides you with tools, which enables you to acquire the knowledge published in high quality publications within the areas of empirical finance and economics. Secondly, it equips you with tools for modelling and estimating econometric systems. The methods involved have been chosen with a focus on applications within empirical finance and economics.
Corporate Finance provides 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.
Internationalisation of the Firm provides you with an in-depth and detailed understanding of theories surrounding the internationalisation of businesses and the practical implications of these theories.
The second semester is devoted to more advanced studies within the two areas.
Empirical Corporate Finance provides students with a toolbox and working knowledge of empirical methods in Corporate Finance. Techniques such as short and long term event studies, factor models, difference-in-difference techniques and panel data estimation are covered. The focus is on application of these tools, and during the course, students will undertake a short run event study, using data on mergers and acquisitions.
International Financial Accounting focuses on the financial reporting requirements in international environments. An understanding of international business depends on a theoretically grounded, pragmatic knowledge of the international requirements for corporations to report their financial performance and financial position.
International Business Finance
The multinational firm is confronted with the task of operating internationally. This necessitates an understanding of the markets for products, factors of production, and financial assets. Operating internationally poses unique risks – one of these being the existence of fluctuating exchange rates. More generally, the global integration of money and capital markets implies opportunities as well as challenges – both of which have to be considered by the multinational firm.
Accounting Information Systems
This course provides you with an outline of the different types of administrative programmers, their designs, application, implementation and security. In recent years, there has been a rapid development in the use of information technology in the accounting departments of companies. Today, the majority of companies to some extent employ information technology for accounts and management accounting purposes. Some companies use simple accounting systems with just a few functionalities, whereas others, typically larger companies, have integrated their accounting systems into a larger system complex containing modules for e.g. production management, human resource administration, and purchasing (ERP systems).
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 200 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.
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.
-experienced, photographed and filmed by the students themselves.
With thousands of pictures #yourniversity gives insight into the everyday life as a student at AU; the parties, procrastination, exams and all the other ways you’ll spend your time at university.
The photos belong to the users, shared with #Yourniversity, #AarhusUni and course-specific AU-hashtags.
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.
With an MSc in Finance and International Business, you will be able to undertake job functions such as
The international aspect of the programme is of course an ideal basis for a career in the international business community.
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
From Studies to the First Job
”The first job is about getting the basics - building the foundation for your future career (within the same or another company).” (Msc in Finance and International Business)
”I would recommend to try to get as much internships as you can while studying. Not only will it increase your chances in getting a job after graduation, but it will help you decide what job to apply for.” (Msc in Finance and International Business)
Read more about what a number of our alumni work with in their first job after graduation.