Finance, M.Sc.

Finance, M.Sc.

  • Application Deadline
  • 24 months
    Duration
The Master of Science programme in Finance at BI Norwegian Business School will provide you not only with the required education for a career in finance and consulting, but also a strong basis for management positions in a broad range of industries.

About

Finance is ultimately about taking optimal and strategic decisions in an uncertain environment, which applies to all areas of business. A modern manager requires good insight into the drivers of the financial situation of an enterprise, which is intimately connected with its success. 

The Department of Finance at BI Norwegian Business School is ranked in the top ten in Europe, giving you a solid foundation as a starting point and an education that is recognised internationally.

What Will You Learn?

The purpose of the Master of Science programme in Finance at BI Norwegian Business School is to provide the best possible education and environment for the development of well-trained, knowledgeable and socially responsible professionals for finance and other related positions. At the same time, since Finance is a quantitative and analytical subject, students will develop these skills, which are transferrable to all other business disciplines. These skills form the basis for critically assessing problems and being able to make optimal and strategic decisions. The aim is to develop valuable individuals for corporations and society both in relation to current practices and designing a better future with the ability to adjust to new challenges with vision. The Master's programme in Finance has an applied focus. Students will develop IT and programming skills to meet the needs of an industry that is becoming increasingly technological.

Among the most popular topics, you will find:

  • Quantitative Methods for Finance:  You will be introduced to programming in MatLab, as there is increasing demand for finance candidates with technical skills
  • Applied Valuation: You will learn a range of valuation techniques, and when the different techniques should be used. The use of Bloomberg terminals will give you the skills you need for a career in the industry.
  • Investments: You will review the different financial assets available to the portfolio manager, the markets in which they trade, their risk-return characteristics, and how they are priced.
Career Possibilities

With a Master of Science in Finance, there will never be any doubt as to your qualifications, and a broad range of career opportunities will be open to you – both in Norway and internationally. The following are some examples of positions our graduates have obtained recently:

  • Chief Economist, Sparebank 1 Markets
  • Vice President, Credit Suisse
  • Consultant, First House
  • Business Controller, Kongsberg Maritime AS

Our graduates have also secured jobs such as financial analyst in the oil industry, analyst in the stock market, adviser in a PR-company and senior executive officer in statistics and social analysis - to name a few.

Accreditation

BI is an internationally recognized non-profit private institution and the only Norwegian business school with the prestigious international triple-crown accreditation: EQUIS, AACSB and AMBA.

Programme Structure

Courses include:
  • Mathematics
  • Quantitative Methods for Finance
  • Economics for Finance
  • Theory of Financial Markets
  • Corporate Finance
  • Research Methodology in Finance
  • Applied Business Ethics
  • Investments
  • Applied Valuation
  • Financial Risk Management
  • Specialisation electives / Exchange / Internship
  • Master Thesis

                      Detailed Programme Facts

                      • More details: Applications received by March 1 will be given priority.
                      • Programme intensity Full-time
                        • Full-time duration 24 months
                      • Credits
                        120 ECTS
                      • Languages
                        • English
                      • Delivery mode
                        On Campus

                      English Language Requirements

                      You only need to take one of these language tests:

                      • Minimum required score:

                        90

                        The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

                        Schedule TOEFL®
                      • Minimum required score:

                        6.5

                        The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

                        Schedule IELTS

                      Academic Requirements

                      You need the following GPA score:

                      Required score: 3.5

                      Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3.5 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

                      Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

                      You only need to take one of these tests:

                      • You need the following GMAT score:

                        Required score: 600

                        The GMAT - or Graduate Management Admission Test - is a frequent requirement for admission at management and business schools across the world. The GMAT score ranges between 200 and 800 and measures the verbal and quantitative reasoning of test-takers. Read more about the GMAT.

                      • This programme accepts GRE® scores and has provided a recommended score range.

                        Recommended Verbal Reasoning score:

                        152

                        Recommended Quantitative Reasoning score:

                        158

                        The recommended range represents scores typically accepted at this institution. Scores outside the range may still be considered.

                        The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

                      1. A successfully completed Bachelor’s degree (180 ECTS credits) in the field of business administration, finance, or economics. It must include courses or equivalent: Foundations in Economics, Mathematics, Statistics or Economics.

                      Or

                      2. A successfully completed Bachelor’s degree with a specialisation (minimum 80 ECTS credits) in one of the following, provided that the combination of courses gives a good foundation for further studies within finance:

                      • Engineering
                      • Computer Science
                      • Mathematics
                      • Accounting

                      3. A minimum grade of C in Mathematics, Statistics, Economics, and other courses relevant to the MSc in Finance degree.

                      Tuition Fee

                      • International Applies to you

                        9900 EUR/year
                        Tuition Fee
                        Based on the original amount of 9900 EUR per year and a duration of 24 months.
                      • EU/EEA Applies to you

                        8690 EUR/year
                        Tuition Fee
                        Based on the original amount of 8690 EUR per year and a duration of 24 months.
                      We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
                      The fees presented above refer to the first year.
                      • EU/EEA second year: €8,540 or NOK 81,000/year
                      • External Applicants: €9,700 or NOK 92,000/year.

                      Living costs for Oslo

                      • 11682 - 19230 NOK/month
                        Living Costs

                      The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

                      Funding

                      The MSc International Scholarships range from partial to full tuition for the first year of studies. You might also receive the opportunity to renew for a second year. Some living expenses may be covered by a one-time stipend. The amount is set after a thorough individual assessment of each candidate.

                      StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

                      The Global Study Awards: get funded with up to £10,000 to study abroad

                      Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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