Master's Programme in Finance 120 credits
About the programme
The programme offers the opportunity to develop a financial theoretical base, analytical skills, communication, and other important, skills necessary for a successful career in the financial sector. You will get a good understanding of financial instruments and markets, necessary in financial consulting, financial risk management and as a business analyst. Sustainability and internationalization is an integral part of the educational environment.
While studying
During the first year the focus is on developing both broad as well as specific knowledge of key concern for financial management. The year includes modules covering financial statement analysis, advanced corporate finance, investments, and risk management. You will learn about central areas in investment analysis, including, for example, portfolio management, risk measurement and risk management.
You will also have the opportunity to choose elective courses among which internship is one.
During the second year you are given the opportunity to deepen your knowledge in one other area in the field of business administration. This year also includes a research method module and a module in current trends in business administration research. You will develop your writing, analysis and research skills through writing a Master's thesis. During this year, it is also possible to study abroad for one semester.
About our research in finance
The finance research that is carried out at the business school covers a broad range of areas such as household finance, corporate finance, and different issues related to sustainability. Examples on topics that are studied concerns, for example, investment mistakes among individual investors, the role of corporate insiders for firms’ financial decisions, and responsible investment strategies.
Read more about some of our researchers in finance
Courses
Semester 1
Financial Management 30 credits.
Semester 2
Alternative A. Elective courses 30 credits. Alternative B. Elective courses 15 credits. and Master's Thesis in Business Administration I 15 credits.
Semester 3
Current trends and a minor in Management/Accounting/Marketing/Business Development 30 credits.
Semester 4
Alternative A. Master's Thesis in Business Administration III 30 credits. Alternative B. Elective course 15 credits. and Master's Thesis in Business Administration II 15 credits.
Programme coordinator is Fredrik Huhtamäki.
Applies to all 120 credit Master's Programmes in business administration subjects
We integrate competencies in our programmes
In our programmes and courses we focus on competencies that are needed for your future professional life.
Read more about integrated competencies
Internship
You have the opportunity to do an internship for ten weeks in Sweden or abroad. This possibility is only available at a few business schools in the country. The internship gives you a good opportunity to put theoretical knowledge and experience into practice and show off your skills to potential employers. You will arrange your internship yourself in a company you find interesting. This way you are able to find an internship position that meets your expectations and provides more opportunities for you to use the internship as an entry to the labour market.
Studies abroad
Studying abroad is not only fun and challenging for you as a student but also a welcomed experience with future employers. Internationalization is an important area for us and we are working continuously to offer you as a student many opportunities for an adventure in Europe or further away on another continent. In our programmes you therefore have the opportunity for studies abroad for a semester or two.
We have about 60 partner universities, mainly in Europe, but also in Brazil, Mexico, South Africa, South Korea and China - all of them selected especially for our students. Students who would like to study farther away can avail themselves of Umeå University's university-wide agreements in North America, Oceania, and Asia.
Read more about studies abroad
Sustainability perspective all the more important
Sustainability get a whole lot bigger attention in today's firms and organizations and we lifted these questions up early in our educational programmes. Together with our students are we working for a more sustainable business school and to revise the courses to improve the education about, and for, sustainable development at the program. Our work on sustainability takes as a starting point the 17 sustainable development goals and Agenda 2030.
We are certified by the environmental management system ISO 14001 and we are members of the international networks GBSN, PRME and SDSN.
Read more about our work on sustainability
Academic quality, international recognition, and education with purpose
At Umeå School of Business, Economics and Statistics, your master’s studies are part of something larger – a commitment to academic excellence, societal relevance, and sustainable development. Our quality assurance system, grounded in both Swedish national standards and leading international frameworks, ensures continuous improvement of our programmes. We are accredited by AACSB, one of the world’s most respected accreditations for business schools.
Through student-centred learning, active collaboration with business and society, and an integrated sustainability perspective, you will develop the skills and insights needed to lead change and contribute to a better future.
Corporate connections
The business school collaborates in many different ways with companies and organizations. For example internships, guest lectures, company visits, guest lectures, essay assignments and cases from companies.
As a student you might perhaps do an internship with one of our corporate partners. Professionals outside the university are invited as guest lecturers and teachers. Our researchers will in turn contribute with new knowledge to society. A group of advisors consisting of corporate and community representatives are also linked to the business school and they contribute with their knowledge and experience.
Continued studies
You are eligible for doctoral studies after the two years programme with a Degree of Master of Science (120 credits). You are also eligible for doctoral studies if you chose to end the programme already after one year with a Degree of Master of Science (60 credits).
Future and career opportunities
The programme is suitable for students wishing to work as investment advisors, with financing issues in banks, with cash management, as financial analysts in banks, insurance companies, or government departments. The programme's international character also provides good opportunities for a career abroad. The programme gives you eligibility to apply for doctoral student positions.
Apply
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Autumn 2025
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Master's Programme in Finance
International admissions round
Autumn 2025 / Umeå / English / On site
Show more Show less
StartAutumn Term 2025
Number of credits120 credits
Type of studiesOn site
Study pace100%
Length2 years
Study locationUmeå
LanguageEnglish
Application codeUMU-M2014
Eligibility A Bachelor's degree (equivalent to a Swedish Kandidatexamen, 180 credits) from an internationally recognised university with a major in Business Administration. Special requirements: 75 credits in Business Administration, at Basic level (A-level) and Intermediate level (B-level) a minimum of 60 credits in Management, Marketing, Accounting and Finance or the equivalent including at least 7,5 credits in Finance courses. At the Bachelor level (C-level), a minimum of 15 credits in Business Administration. Statistics or similar 7,5 credits. Proficiency in English equivalent to Swedish upper secondary course English B/6. If you are still working towards your undergraduate degree, you need to include with your application a document from your current University, outlining when you are expected to graduate as well as a course outline for the last semester.SelectionSelection is based on GMAT and academic credits in this order. The selection of applicants is done in the following order: 1. Test results from GMAT (Graduate Management Admissions Test). Percent of testresults is the applicants meritrating. 2. Academic credits by the last application date (in the range of 30-285 credits equivalent to ECTS). For GMAT scores must be submitted directly to Umeå University. For GMAT you need to indicate Umeå University when registering for the test. You can in addition upload the test results in universityadmissions.se
DegreeAfter completed study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (60 credits) according to the local qualification descriptor established by the Vice-Chancellor (see Umeå University's web site). The Swedish translation of Degree of Master of Science is, Ekonomie magisterexamen. The degree is awarded in the main field of Business Administration with a specialisation in Finance.
After completed study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (120 credits) according to the local qualification descriptor established by the Vice-Chancellor (see Umeå University's web site). The Swedish translation of Degree of Master of Science is, Ekonomie masterexamen. The degree is awarded in the main field of Business Administration with a specialisation in Finance.
ApplicationApplication deadline was 15 January 2025. The application period is closed.
Application and tuition feesAs a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
Application fee: SEK 900
Tuition fee, first instalment: SEK 48,300
Total fee: SEK 193,200
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Master's Programme in Finance
Second admissions round for EU/EEA citizens
Autumn 2025 / Umeå / English / On site
Show more Show less
StartAutumn Term 2025
Number of credits120 credits
Type of studiesOn site
Study pace100%
Length2 years
Study locationUmeå
LanguageEnglish
Application codeUMU-P2014
Eligibility A Bachelor's degree (equivalent to a Swedish Kandidatexamen, 180 credits) from an internationally recognised university with a major in Business Administration. Special requirements: 75 credits in Business Administration, at Basic level (A-level) and Intermediate level (B-level) a minimum of 60 credits in Management, Marketing, Accounting and Finance or the equivalent including at least 7,5 credits in Finance courses. At the Bachelor level (C-level), a minimum of 15 credits in Business Administration. Statistics or similar 7,5 credits. Proficiency in English equivalent to Swedish upper secondary course English B/6. If you are still working towards your undergraduate degree, you need to include with your application a document from your current University, outlining when you are expected to graduate as well as a course outline for the last semester.SelectionSelection is based on GMAT and academic credits in this order. The selection of applicants is done in the following order: 1. Test results from GMAT (Graduate Management Admissions Test). Percent of testresults is the applicants meritrating. 2. Academic credits by the last application date (in the range of 30-285 credits equivalent to ECTS). For GMAT scores must be submitted directly to Umeå University. For GMAT you need to indicate Umeå University when registering for the test. You can in addition upload the test results in universityadmissions.se
DegreeAfter completed study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (60 credits) according to the local qualification descriptor established by the Vice-Chancellor (see Umeå University's web site). The Swedish translation of Degree of Master of Science is, Ekonomie magisterexamen. The degree is awarded in the main field of Business Administration with a specialisation in Finance.
After completed study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (120 credits) according to the local qualification descriptor established by the Vice-Chancellor (see Umeå University's web site). The Swedish translation of Degree of Master of Science is, Ekonomie masterexamen. The degree is awarded in the main field of Business Administration with a specialisation in Finance.
ApplicationApplication deadline was 15 April 2025. The application period is closed. Please note: This second application round is intended only for EU/EEA/Swiss citizens.
Application and tuition feesAs a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
Application fee: SEK 900
Tuition fee, first instalment: SEK 48,300
Total fee: SEK 193,200
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Autumn 2026
-
Master's Programme in Finance
International admissions round
Autumn 2026 / Umeå / English / On site
Application opens 16 October 2025Show more Show less
StartAutumn Term 2026
Number of credits120 credits
Type of studiesOn site
Study pace100%
Length2 years
Study locationUmeå
LanguageEnglish
Application codeUMU-M2014
Eligibility A Bachelor's degree (equivalent to a Swedish Kandidatexamen, 180 credits) from an internationally recognised university with a major in Business Administration. Special requirements: 75 credits in Business Administration, at Basic level (A-level) and Intermediate level (B-level) a minimum of 60 credits in Management, Marketing, Accounting and Finance or the equivalent including at least 7,5 credits in Finance courses. At the Bachelor level (C-level), a minimum of 15 credits in Business Administration. Statistics or similar 7,5 credits. Proficiency in English equivalent to Swedish upper secondary course English B/6. If you are still working towards your undergraduate degree, you need to include with your application a document from your current University, outlining when you are expected to graduate as well as a course outline for the last semester.SelectionSelection is based on GMAT and academic credits in this order. The selection of applicants is done in the following order: 1. Test results from GMAT (Graduate Management Admissions Test). Percent of testresults is the applicants meritrating. 2. Academic credits by the last application date (in the range of 30-285 credits equivalent to ECTS). For GMAT scores must be submitted directly to Umeå University. For GMAT you need to indicate Umeå University when registering for the test. You can in addition upload the test results in universityadmissions.se
DegreeAfter completed study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (60 credits) according to the local qualification descriptor established by the Vice-Chancellor (see Umeå University's web site). The Swedish translation of Degree of Master of Science is, Ekonomie magisterexamen. The degree is awarded in the main field of Business Administration with a specialisation in Finance.
After completed study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (120 credits) according to the local qualification descriptor established by the Vice-Chancellor (see Umeå University's web site). The Swedish translation of Degree of Master of Science is, Ekonomie masterexamen. The degree is awarded in the main field of Business Administration with a specialisation in Finance.
ApplicationThe online application opens 16 October 2025 at 13:00 CET. Application deadline is 15 January 2026.
Application and tuition feesAs a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
Application fee: SEK 900
Tuition fee, first instalment: SEK 48,300
Total fee: SEK 193,200
-
Master's Programme in Finance
Second admissions round for EU/EEA citizens
Autumn 2026 / Umeå / English / On site
Application opens 16 March 2026Show more Show less
StartAutumn Term 2026
Number of credits120 credits
Type of studiesOn site
Study pace100%
Length2 years
Study locationUmeå
LanguageEnglish
Application codeUMU-P2014
Eligibility A Bachelor's degree (equivalent to a Swedish Kandidatexamen, 180 credits) from an internationally recognised university with a major in Business Administration. Special requirements: 75 credits in Business Administration, at Basic level (A-level) and Intermediate level (B-level) a minimum of 60 credits in Management, Marketing, Accounting and Finance or the equivalent including at least 7,5 credits in Finance courses. At the Bachelor level (C-level), a minimum of 15 credits in Business Administration. Statistics or similar 7,5 credits. Proficiency in English equivalent to Swedish upper secondary course English B/6. If you are still working towards your undergraduate degree, you need to include with your application a document from your current University, outlining when you are expected to graduate as well as a course outline for the last semester.SelectionSelection is based on GMAT and academic credits in this order. The selection of applicants is done in the following order: 1. Test results from GMAT (Graduate Management Admissions Test). Percent of testresults is the applicants meritrating. 2. Academic credits by the last application date (in the range of 30-285 credits equivalent to ECTS). For GMAT scores must be submitted directly to Umeå University. For GMAT you need to indicate Umeå University when registering for the test. You can in addition upload the test results in universityadmissions.se
DegreeAfter completed study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (60 credits) according to the local qualification descriptor established by the Vice-Chancellor (see Umeå University's web site). The Swedish translation of Degree of Master of Science is, Ekonomie magisterexamen. The degree is awarded in the main field of Business Administration with a specialisation in Finance.
After completed study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (120 credits) according to the local qualification descriptor established by the Vice-Chancellor (see Umeå University's web site). The Swedish translation of Degree of Master of Science is, Ekonomie masterexamen. The degree is awarded in the main field of Business Administration with a specialisation in Finance.
ApplicationThe online application opens 16 March 2026 at 09:00 CET. Application deadline is 15 April 2026. Please note: This second application round is intended only for EU/EEA/Swiss citizens.
Application and tuition feesAs a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
Application fee: SEK 900
Tuition fee, first instalment: SEK 48,300
Total fee: SEK 193,200
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How to apply
Apply online via universityadmissions.se
You apply to our programmes and courses via universityadmissions.se – the official website for higher education applications in Sweden. There, you can track your application, check that your documents have been registered, and log in to find our your admission results.
Late applications
Admissions to most programmes and courses typically close after the final application deadline. However, some programmes and courses may still accept late applications if seats are available. These are marked “Open for late application” on universityadmissions.se. Please note that late applications are not guaranteed to be reviewed.
More about application and admission
Film about the programme
Hear from students who share their experiences of studying at an advanced level at Umeå School of Business, Economics and Statistics.
Voices about the programme
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Lisa Edlund
Student
The application of theory to real-world events makes it easier to understand and critically evaluate the situation
Frequently asked questions
What are the language skills required?
Students are required to have proficiency in English equivalent to English course B/6 from Swedish upper-secondary school (high school). Proficiency in English can be proven by test scores from a number of internationally recognised tests.
Read more about language and entry requirements
What selection criteria are used?
The first selection criterion is the GMAT (Graduate Management Admissions Test) result. You need to indicate Umeå University to mba.com and also upload a copy of the results to universityadmissions.se. If you have no GMAT result, you are still eligible to apply for the programme but will be ranked after applicants with a GMAT result and according to the number of academic credits you have.
Are there any tuition fees?
Citizens outside of EU/EEA and Switzerland will have to pay application fee and tuition fee.
Can I get any scholarships?
Yes, some scholarships are offered by the Swedish Institute and some by Umeå University.
Do I need to send in CV, Motivation letter or Recommendation letters?
No, none of those documents are required. If you submit them anyway they will not be considered.
Which electives are offered for the second semester at the programme?
During the elective semester, you can study any subject at any level as long as it is university level courses. You also have to meet the eligibility requirements of the course.
You are however only guaranteed a place at courses given full-time on campus in the following subjects: business administration, economics, statistics, law and economic history.
Programmes and courses at the Department of Business Administration
All courses available in English at Umeå University
Check the type of studies (full-time for a guaranteed place) and eligibility requirements.
Research excellence at Umeå University
Be a part of a world-class environment for teaching and research – where the Nobel Prize-winning discovery of CRISPR-Cas9 geneediting began, and where innovation continues to shape the future.
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Innovative with international impact
Research for society, nature and the future. Read about our research research environments and infrastructure.
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Open climate for groundbreaking research
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