Master's Programme in Sustainability Reporting and Financial Analysis 60 credits
About the programme
Do you want to develop strong expertise in financial analysis while also gaining an in-depth understanding of sustainability reporting and sustainable finance? In this programme, you study accounting and finance with a clear sustainability perspective at two leading Nordic business schools. After graduation, you can work as a sustainability expert in areas such as sustainable finance or CSRD, while also being well prepared for traditional roles in finance and accounting. The programme’s international design and unique integration of sustainability enable you to apply sustainability principles in both financial analysis and accounting decisions.
This innovative one-year programme provides advanced knowledge in accounting and finance with a sustainability perspective, taught across two prominent Nordic learning environments: Umeå School of Business, Economics and Statistics (Umeå University), Sweden and Hanken School of Economics, Vaasa, Finland. You will receive a degree from each institution upon completion.
While studying
During the first semester, you will study at Umeå School of Business, Economics and Statistics (USBE), where you will study our 30 credit course, Financial Analysis, Sustainability and Reporting, you will study four different modules, Financial Reporting and Analysis; Advanced Management Accounting; Advanced Financial and Sustainability Reporting; and Risk Management. These modules will give you a deep understanding of topics that are essential in the current business landscape. All modules integrate sustainability perspectives to the key themes of the corresponding modules.
During the second semester, you will study at Hanken School of Economics, where the courses will focus on areas such as Financial Modelling, Sustainable Finance and ESG Analysis. You will also write your Master's thesis at Hanken School of Economics. After completing the Master's programme, you will receive two degrees, one from each business school.
Courses
Semester 1 (Umeå)
Financial Analysis, Sustainability and Reporting, 30 credits
Financial Reporting and Analysis, 7.5 credits
Advanced Corporate Finance, 7.5 credits
Advanced Financial and Sustainability Reporting, 7.5 credits
Risk Management, 7.5 credits
Semester 2 (Hanken School of Economics, Vaasa, Finland)
Sustainable Finance, ESG analysis and thesis project, 30 credits
Financial Modelling Using MS Excel and VBA, 5 credits
Sustainable Finance, 5 credits
Financial Reporting and ESG Analysis, 5 credits
Thesis project, 15 credits
Applies to all 60 credit Master's programmes at USBE
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
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 programme independent of your choice between business administration and economics. 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 proud to be accredited by AACSB – a prestigious mark of quality held by fewer than 6% of business schools worldwide.
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 interacts with companies and organisations in various ways. This can be done through, for example, guest lectures, company visits, career lectures, essay assignments, cases or internships, and in this way we create the conditions for a mutual exchange that benefits all parties.
Continued studies
You are eligible for doctoral studies after the programme.
Future and career opportunities
After graduation, you can work both in traditional accounting and finance roles as well as in positions that require sustainability expertise, including roles such as Financial Analyst, CFO, Chief Accountant, Auditor, Controller.
The programme prepares you for careers in accounting and finance, with particular readiness to work with sustainable finance and the preparation of sustainability reports. Its international profile also offers strong opportunities for a career abroad. The programme may also make you eligible for doctoral studies.
Apply
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Autumn 2026
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Master's Programme in Sustainability Reporting and Financial Analysis
International admissions round
HT26 / Umeå / English / On site
Show more Show less
StartAutumn term 2026
Number of credits60 credits
Type of studiesOn site
Study pace100%
Length1 year
Study locationUmeå
LanguageEnglish
Application codeUMU-M2002
EligibilityA bachelor's degree of at least 180 ECTS, of which 75 ECTS in Business Administration or equivalent, with at least 22,5 ECTS in Accounting and/or Finance. Proficiency in English equivalent to Swedish upper secondary course English 6/level 2 is required. Where the language of instruction is Swedish, applicants must prove proficiency in Swedish to the level required for basic eligibility for higher studies.
SelectionSelection is based on GMAT, GRE General Test, and academic credits in this order. 1. Test results from GMAT (Graduate Management Admissions Test). GMAT Exam (10th edition): minimum 550, GMAT Exam: minimum 515. Percent of test results is the applicants merit rating. 2. Test results GRE General Test. Minimum result score 150 in Quantitative reasoning (we do not take the other scores into consideration). 3. Academic credits accrued by the last application date (in the range of 30-285 credits equivalent to ECTS). For GMAT and GRE General Test scores must be submitted directly to Umeå University. For GMAT you need to indicate Umeå University when registering for the test, for GRE General Test you indicate you are applying to Umeå University with the institution code 1489. You should also 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 degree is awarded in the main field of Business Administration with a specialisation in Sustainability Reporting and Financial Analysis.
ApplicationApplication deadline was 15 January 2026. 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 133,300
Total fee: SEK 133,300
Additional information about feesTuition fee for fee-paying students consists of SEK 48,300 (Umeå) + EUR 7,500 (Hanken).
All students, including non-fee paying students, must pay the mandatory student union fee in Finland and the mandatory student healthcare fee in Finland.
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Master's Programme in Sustainability Reporting and Financial Analysis
Second admissions round for EU/EEA citizens
HT26 / Umeå / English / On site
Show more Show less
StartAutumn term 2026
Number of credits60 credits
Type of studiesOn site
Study pace100%
Length1 year
Study locationUmeå
LanguageEnglish
Application codeUMU-P2002
EligibilityA bachelor's degree of at least 180 ECTS, of which 75 ECTS in Business Administration or equivalent, with at least 22,5 ECTS in Accounting and/or Finance. Proficiency in English equivalent to Swedish upper secondary course English 6/level 2 is required. Where the language of instruction is Swedish, applicants must prove proficiency in Swedish to the level required for basic eligibility for higher studies.
SelectionSelection is based on GMAT, GRE General Test, 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). GMAT Exam (10th edition): minimum 550, GMAT Exam: minimum 515. 2. Test results GRE General Test. Minimum result score 150 in Quantitative reasoning (we do not take the other scores into consideration). 3. Academic credits accrued by the last application date (in the range of 30-285 credits equivalent to ECTS). For GMAT and GRE General Test scores must be submitted directly to Umeå University. For GMAT you need to indicate Umeå University (institution code: 81Q-GG-68) when registering for the test, for GRE General Test you indicate you are applying to Umeå University with the institution code 1489. 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 degree is awarded in the main field of Business Administration with a specialisation in Sustainability Reporting and Financial Analysis.
ApplicationApplication deadline was 15 April 2026. The late application period opens on 15 July 2026 if there are seats available. 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 133,300
Total fee: SEK 133,300
Additional information about feesTuition fee for fee-paying students consists of SEK 48,300 (Umeå) + EUR 7,500 (Hanken).
All students, including non-fee paying students, must pay the mandatory student union fee in Finland and the mandatory student healthcare fee in Finland.
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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 the programme coordinator and students about the programme.
Voices about the programme
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Henrik Johansson, CEO Grant Thornton, Sweden
A programme like this is much needed and it’s a prerequisite to cater to growing demand of competence in the market.
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Karin Schäfer-Juslin, Sustainability Reporting Leader, PwC
The future workforce needs to understand and learn to balance financial targets and expectations with sustainability perspectives and considerations.
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?
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.
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
Emmanuelle Charpentier credits the research environment in Umeå as a key factor in her discovery.
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Programme is given by
Umeå School of Business, Economics and Statistics (USBE)Good to know
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