Master in Finance

Norwegian School of Economics

Program Description
EFMD Equis Accredited

Master in Finance

Norwegian School of Economics

The Master in Finance (FIE) is one of the specialisations within the two-year Master of Science (MSc) programme in Economics and Business Administration at NHH.

Finance is one of the most popular master programmes around the world, thanks to historically outstanding career opportunities. Finance graduates pursue careers in investment and commercial banking, private equity, brokerage, mutual funds, investment management, consulting, business control, and auditing. Key financial firms regularly visit campus and hire graduates.

The Finance specialisation combines a rigorous theoretical approach with extensive and relevant real-world applications. The programme allows for specialisation through a choice of courses in Corporate Finance, Financial Markets, and Quantitative Finance. Throughout the programme you will develop a deep understanding of the most recent empirical research and models in financial economics. You will learn to discuss, analyse and solve real-life problems relating to financial markets and financial decision-making in firms. You will also better understand the fluctuations and drivers of financial markets, and test ideas at the forefront of academic research.

Three specialisation tracks are offered within the Finance profile:

  • Corporate Finance: Provides a framework for assessing the value impact of project decisions, capital budgeting choices, and business choices such as mergers or restructuring. Topics include valuation methods, the link between asset markets and corporate decisions, corporate governance, mergers and acquisitions, banking, and private equity.
  • Financial Markets: Provides a solid analytical foundation for understanding risk and return, value creation, and regulatory and legal institutions in financial markets. Students focus on issues such as security prices, their implications on portfolio management, behavioural finance and investor psychology, risk management, as well as the pricing of options, futures, and other derivatives. In addition, students can learn about the interaction of financial markets and macroeconomics, and study how financial markets are both a source for information and a tool for financial regulation and economic policies
  • Quantitative Finance: Students learn to use mathematical models to comprehend complex financial problems and learn how to apply these models to solve real-life problems relating to decision-making in corporations, understand the fluctuations and drivers of financial markets, and test ideas at the forefront of academic research. This specialisation also provides a good starting point for students considering a future PhD study.

Flexible Programme Structure

The Finance programme has the following general structure; it consists of twelve courses and a thesis, adding up to a total of 120 ECTS credits. Students select six courses within the FIE specialication as their major. By selecting three of the remaining six courses from one of the other specialisations offered by NHH, students will build a minor concentration. This gives you an in-depth understanding of a second field in addition to your major. The combination of a major and a minor provides the students with a broader perspective and an expertise that will give them an advantage in the job market. Normally one would follow courses in three semesters and dedicate the final semester to the thesis. The programme is fully taught in English.

International Opportunities

There are several international opportunities offered to students at NHH.

The school is the Norwegian member of the prestigious CEMS network (The Global Alliance in Management Education). CEMS is a global cooperation platform between top business schools, corporations and non-profit organisations aiming to educate future international business leaders. CEMS offers the CEMS Master's in International Management (MIM), the most international and culturally diverse MSc in the market and ranked as one of the best in the world by Financial Times since the ranking began in 2005. Students in the MSc programme at NHH can seek to combine their degree with the CEMS MIM, enabling them to graduate with two internationally recognised qualifications. The combination of these two prestigious programmes provides a solid foundation for students seeking an international business career.

The Double Degree programme is a cooperation between NHH and other highly renowned institutions, like HEC Paris in France and Richard Ivey School of Business in Canada. After completion of the programme you will be awarded a master degree from both NHH and the partner institution.

Furthermore, NHH participates in exchange programs with more than 130 institutions in over 40 countries.

Career Opportunities

NHH graduates are highly sought after in the job market. In addition to their own efforts, students are supported by the Student Welfare Organisation in Bergen (SiB), the Student Union (NHHS) and the school when preparing and searching for career opportunities.

The most recent survey shows that more than 70 percent of NHH students find employment before graduation, and the majority of all 2014 graduates have a salary from 50-60.000 EURO.

    "An education from NHH opens many doors and gives you career opportunities that you wouldn't otherwise have gotten. The expertise you gain at NHH makes it easier to meet challenges when you start working."
    Fredrik Bruskeland, Finance alumni
This school offers programs in:
  • English

Last updated March 30, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Aug. 2017
2 years
Full time
Feb. 15, 2017
Start date Aug. 2017
Norway Bergen
Application deadline Feb. 15, 2017
End date June 20, 2019
Duration 2 years
Price Free
Government funded, no tuition fees.