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Master's Degree Programme

About the programme 
Language: English  (See language requirements)  | Place of study: Aarhus  |  Commencement: August / September (no winter intake)


The MSc in Finance and International Business (FIB) is meticulously crafted to equip you with advanced corporate and financial skills and prepare you for diverse and rewarding career paths in the global business landscape. This FIB programme places a strong emphasis on practical experiences and the development of competencies essential for making informed financial decisions within an international context. 


The heart of the curriculum lies in specialised courses that teach you key aspects of theoretical and empirical corporate finance, valuation, international finance, risk management, and empirical methodology. These courses collectively equip you with a comprehensive set of skills, ranging from financial modelling and valuation techniques to the dynamics of international markets, strategic and financial risk management techniques, econometric methods, and empirical testing in the corporate finance context. The integration of theoretical knowledge with practical applications ensures a well-rounded skill set for addressing complex challenges in the global business environment.


Our dynamic learning environment fosters a global perspective, attracting students from diverse countries and cultural backgrounds. The programme is led by faculty members with extensive international experience, ensuring that you receive guidance from experts in the field who bring real-world insights into the courses they teach.


As the world becomes increasingly interconnected, the demand for professionals with a broad international perspective and exceptional financial acumen is higher than ever. Upon successful completion of the FIB programme, you'll emerge not only with a robust skill set but also a nuanced understanding of how to apply these skills in complex financial scenarios. This prepares you to pursue a range of exciting career options, including but not limited to: 

  • Corporate Financial Analyst
  • International Investment Banker
  • Risk Manager
  • International Financial Consultant
  • Treasury Analyst
  • International Trade Analyst
  • Investment Manager
  • Financial Controller
  • Financial Software Developer
  • Entrepreneur in International Business
  • Government Economist or Policy Analyst
MSc in Finance and International Business Sune from Norlys Digital and Karoline from Rambøll explains why they chose this degree programme and how it opened up a lot of career opportunities. Simon from Danske Commodities explains why there is a need for graduates from this degree programme.

Admission Requirements

Legal right of admission

Applicants with a Bachelor's degree in Economics and Business Administration (HA) from Aarhus University have the right to be admitted to the Master's degree programme in Economics and Business Administration (cand.merc.) at Aarhus University on the condition that application is made for admission to the Master’s degree programme no later than three years after completion of the Bachelor’s degree programme. The legal right of admission requires receipt of the application by Aarhus University within the appropriate period of time.

Bachelor's degrees with direct admission

The following Bachelor’s degrees fulfill the admissions requirements for the Master’s degree programme in Economics and Business Administration at Aarhus University but are not automatically secured a spot at the programme:

  • Applicants with a Bachelor’s degree in Business Administration with supplementary subject (erhvervsøkonomi med tilvalg) at study plan 2017 and onwards from Aarhus University.
  • Applicants with a Bachelor’s degree in Business Administration and Commercial Law (Erhvervsøkonomi-erhvervsret (HA jur.)) from Aarhus University.
  • Applicants with a Bachelor’s degree in Economics and Business Administration (HA - general business economics) from one of the Danish universities.*
  • Applicants a Bachelor´s degree in Economics and Business Administration (HA) from Aarhus University who no longer have legal right of admission.*

* With a diploma older than 2000, your Bachelor’s degree will be assessed according to the specific admission requirements described under the section: “Students that hold a degree from another university”. 

Students that hold a Bachelor's degree from another university

Other Bachelor´s degrees can provide admission to the Master’s degree programme. When you apply the university will access if your Bachelor´s degree corresponds in level, extent and content to a BSc in Economics and Business Administration/HA from Aarhus Universitet. The assessment will prioritize the sufficient content of the following subjects and ECTS-points:   






7,5 ECTS


7,5 ECTS


7,5 ECTS

Organisation- and Leadership Theory

7,5 ECTS



Operations Management


Additional ECTS points within the abovementioned areas


Total ECTS within Economics and Business Administration


*Please note, applicants must have at least 15 ECTS within methods including at least 10 ECTS within quantitative methods or statistics. However only 5 ECTS can be covered by Mathematics.

Admission to the MSc in Economics and Business Administration for applicants with a professional bachelor’s degree (professionsbachelor)

In order to meet the admission requirements for the MSc programmes in Economics and Business Administration, applicants with a specific professional bachelor’s degree must have completed specific elective courses as part of their qualifying exam. In this table the requirements for elective courses are laid out.

Language requirements

As English is the language of instruction in all subjects, all applicants are required to provide evidence of their English language proficiency.
Please see the page on language requirements.

Download appendix for your application

If you apply for admission with an international Bachelor's degree, you must fill in this appendix and upload it in the application portal. The appendix serves to help the Admission Board assess your Bachelor's degree in regard to the admission requirements. 

Download appendix

Restricted admission from 2022

As from the intake 2022, the Master’s degree programmes in Economics and Business Administration (cand.merc.) only admits a limited number of students each year. Therefore, meeting the admission requirements does not in itself guarantee admission to the programme. 

Please note, for programmes with restricted admission special rules regarding supplementary Bachelor’s courses apply. Therefore, we no longer offer pre-assessments for the programme in Economics and Business Administration (cand.merc.).

Read more about supplementary Bachelor’s courses.

Selection criteria

If there are more qualified applicants than available seats, the Admissions Committee assesses each applicant based on the average mark (i.e. GPA) of the Bachelor’s degree at the time of application. Marks/grades obtained after the application deadline will not be included in the GPA. The Admissions Committee assesses each applicant’s marks based on the information provided by diplomas and transcripts.

Programme Structure


Below is an outline of the courses:

The study programme consists of two semesters in the first year which cover the compulsory courses in the programme specialisation and two semesters in the last year which are reserved for the student's own specialisation.

In the first semester you follow the prerequisite courses that form the methodological and academic basis for the further study programme.

In the second semester you follow the specialisation courses of the programme.

In the third semester you can choose elective courses within your areas of interest. The courses can either be taken at Aarhus BSS during the semester, at the Summer University or at one of our more than 300 partner universities abroad. You can also participate in project-based internship programmes either in Denmark or abroad.

The fourth semester is devoted to the final thesis. You may choose the topic of the thesis freely and so 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.    


Contact Niels Strange Grønborg (ngroenborg@econ.au.dk) if you have questions about the track or the individual courses.

Student Life

Learning in an International Context

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.

Follow the student life at Aarhus University

-experienced, photographed and filmed by the students themselves.

With thousands of pictures #AUInternational, #AarhusUni 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 #AUInternational and #AarhusUni.


Tasks as a Graduate

The chart shows the five most common types of work for graduates 1-2 years after finishing their degree. The data is derived from a survey made by Epinion for the Ministry of Higher Education and Science and Aarhus University in 2020.

Job profile

With an MSc in Finance and International Business you will be able to undertake job functions such as

  • Corporate Financial Analyst
  • International Investment Banker
  • Risk Manager
  • International Financial Consultant
  • Treasury Analyst
  • International Trade Analyst
  • Investment Manager
  • Financial Controller
  • Financial Software Developer
  • Entrepreneur in International Business
  • Government Economist or Policy Analyst

The international aspect of the programme is of course an ideal basis for a career in the international business community.


Profile of competencies

The research-based MSc 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 that give 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

  • Understand and analyze investment, financing, and risk management decisions in an international corporation.
  • Use financial, strategic, and accounting information to assess the financial performance and position of an international corporation.
  • Make strategic decisions concerning difficult and complex financial matters in an international context.
  • Understand and consider knowledge pertaining to the various disciplines as well as identifying academic issues
  • Master the scientific methodologies and tools of the various disciplines as well as mastering general skills associated with employment within the areas studied
  • Assess and choose among the scientific methodologies and tools of the various disciplines as well as developing new analysis and solution models
  • Discuss professional and academic issues with both specialists and laymen
  • Manage work and development situations that are complex, unpredictable and require new solution models
  • Initiate and carry out, on an independent basis, monodisciplinary and interdisciplinary collaboration and take professional responsibility
  • Take responsibility, on an independent basis, for own professional development and specialisation


Below you can find information about what a number of our alumni work with in their first job after graduation.

Economy and Accounting
Accounting, audit, bookkeeping, budgeting, controlling, currency hedging (valutasikring), forecasting, funding and sweeping accounts, consolidation, liquidity management, risk management, trade, valuation, wealth management og treasury.

Recommendations, authorities consideration (myndighedshåndtering), meetings, coordination, planning, presentations, reporting and correcting (rettearbejde).

Interviews, business analysis and research.

Telephone sale, sales coaching, direct sale and e-sale development.

Management and Organisation
Compliance management, policies, management, restructuring and strategy.

Counselling, client relationship management (kunderelationer), communication, exam preparation, trainee interviews, innovation, implementation, matching, teaching, training , writing and workshops.

From studies to 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)

We want to help our students find successful careers. Students can always contact our Career Services for advice and assistance with getting onto the Danish labour market. Check out our careers page to see the range of services we offer.