Aarhus University logo
  • Tuition Fee:
  • Local: n/a
  • Foreign: $ 11.2k / Year
  • Languages of instruction:
  • English
  • Deadline:
  • 15 March 2016

    Photos of university

    This programme provides students with a thorough knowledge of and competency in the field of finance. The global financial markets are highly developed and integrated, and as a consequence of this complexity and sophistication there is an increasing demand for graduates with a degree in finance at the highest level.


    The first semester features four courses: Portfolio Theory and Investment Analysis; Fixed Income Securities; Corporate Finance; and Applied Econometric Methods.

    The second semester comprises the following four specialising courses: Bank Management studies the financial system and the role of banks and mortgage credit institutions in the capital market. The financial regulation of markets and institutions is also integrated into the course. Securities Markets focuses on how securities markets function at micro level: in particular, how trading is organised and how market structures are different for different securities. Financial Engineering focuses on describing and understanding financial derivatives such as forwards, futures, swaps and options, and on the underlying markets such as money markets, bond markets, stock, currency and commodity markets. Empirical Finance uses statistical and econometric methods to analyse observed prices and returns in financial markets, and to test financial market theories.

    In the third semester, students can choose courses in their areas of interest. These can be taken at Aarhus University, at a partner university outside Denmark or at the AU Summer University. Students can also participate in internship programmes in Denmark or abroad.

    The fourth semester is devoted to the final thesis, where students have the opportunity to concentrate on and specialise in a specific field of interest.


    Graduates can expect to make a career in financial institutions, regulatory bodies, consulting firms or finance departments in non-financial companies, whether in Denmark or abroad. The programme also provides an excellent basis for subsequent PhD study.

    1st semester 30 ECTS

    Prerequisite courses

    • Corporate Finance
    • Portfolio Theory and Investment Analysis
    • Fixed Income Securities
    • Applied Econometric Methods

    2nd semester 30 ECTS

    Specialisation courses

    • Bank Management
    • Pension Economy
    • Financial Engineering
    • Empirical Finance

    3rd semester 30 ECTS

    Elective courses

    • Electives
    • Study abroad
    • Internship
    • Summer University

    4th semester 30 ECTS


    University requirements

    You apply online through the Aarhus University self service system. To be able to apply online, you first have to create a self service account. Once you have created your account and logged on the self service system, please select the option "Application form for free movers (non-exchange)".

    Please be aware that you need to start your application within 24 hours of creating the self service account.

    To best prepare your application, it is important to understand the structure and the different locations of Aarhus University. Aarhus University has three different campuses (located in Aarhus, Herning and Emdrup) and is divided into four faculties, which are subdivided into 26 departments.

    Remember when choosing courses that you may only take courses at one location and within one faculty. You may not choose courses at more than two different departments. 

    It is important that you have a relevant academic background for the courses that you apply for. You must have taken courses at your home university within the specific subject field you have applied to in order to be accepted to any of the departments. 

    EU students can sign up for 5 ECTS to 30 ECTS during a semester. To obtain a study and work permit, students from outside the EU/EEA have to study 30 ECTS in total (20 ECTS at one department). If you choose courses at more than one department, it is important that you choose at least 20 ECTS at one department. Students applying for courses at Aarhus BSS, should only apply for courses at one department.

    At the application form, you can apply for housing as well, if needed.

    Documents to be attached with your online application:

    You will be required to attach the following documents to your application:

    • Official transcript of records from your home university (must be in pdf format and must be in English!)
    • Copy/Scan of passport
    • Transcripts from bachelor studies (for master students only)

    Students applying to Aarhus BSS only: Students must upload a letter confirming that they will be able to transfer credits from Aarhus University to a degree at the home institution. If you cannot provide this documentation, you will be assessed according to the admission requirements of the relevant degree programme(s). Students can complete and upload this template or a similar document from the home university.  

    Processing times and notification

    You will be informed approximately six weeks prior to semester start whether you meet the prerequisites to be enrolled in the requested courses. However, as enrolment in courses for free mover students is dependent on available space in the relevant courses, you will not receive final confirmation about course enrolment until approximately two weeks prior to semester start. If there is space left in the courses, you will receive a notification about this and an invoice. Only after the invoice has been paid in full, will you receive a Letter of Enrolment and be enrolled in the requested courses. Please be aware that due to this procedure, Aarhus University cannot guarantee that free mover students will be admitted and enrolled in courses by semester start. 

    Program requirements

    The students that hold a bachelor in Business Administration or a Bsc Porgramme from Business and Social Sciences, Aarhus University can pursue direct admission to Msc programmes after they finish their bachelor programme (Group 1), cf. below.Students that hold a programme from another educationIf you hold a programme from another university, you can have your programme evaluated at Business and Social Sciences, Aarhus University in order to find out if you meet the admission requirements. This evaluation will prioritize the sufficient content of the following subjects and ECTS-points, cf. below.Mathematics 5 ECTSFinance and Accounting 25 ECTSStatistics 10 ETCSResearch Methods 10 ECTSBusiness Economics 15 ECTSOrganisation and Leadership theory 10 ECTSMarketing 10 ECTSMicroeconomics 5 ECTS English Language Requirements IELTS band: 6.5 TOEFL paper-based test score : 560 TOEFL iBT® test: 83
    Similar programs:
    Aarhus University logo
    • Tuition Fee:
    • International students: $ 11.2k / Year
      Aarhus University logo
      • Tuition Fee:
      • International students: $ 11.2k / Year
        Aarhus University logo
        • Tuition Fee:
        • International students: $ 11.2k / Year
          Aarhus University logo
          • Tuition Fee:
          • International students: $ 11.2k / Year
            Aarhus University logo
            • Tuition Fee:
            • International students: $ 11.2k / Year
              See all of the 8 similar programs