Masters in Management in Finland

Management is the process of planning, organizing, leading, and controlling an organization's resources (finances, people, materials) to achieve specific goals. It involves various degrees, including an MBA.

According to LinkedIn, the number of active jobs requiring an MBA as a minimum qualification at entry and mid-junior levels fell by 55% in 2023. With 230,000 new MBA graduates entering the job market every year, simply holding a traditional MBA is no longer enough for a high-paying job. 

Masters in Management in Finland: Overview

A masters in management in Finland includes both MBA programs and Master’s programs in management that focus on areas like leadership and innovation. 

Universities like Tampere University offer globally recognized degrees, with specialized programs in fields such as sustainable business and digital transformation. 

With its strong academic reputation and focus on innovation, Finland is becoming an increasingly popular destination for international students, including Indians.

Before exploring the top universities and application requirements, here’s an overview of the masters in management in Finland.

After exploring the overview of studying for a masters in management in Finland, let’s look at the top universities offering these programs.

Top Universities to Study Masters in Management in Finland

Top institutions like LUT University and Aalto University offer programs in fields such as business analytics and global management.

Note: Tuition fees and deadlines vary based on the intake period. Be sure to check your institution's fee schedule for accurate details.

Also Read: MS in Finland: Top Universities, Fees, & More

Top Universities to Study Masters in Management without GRE/GMAT

Many universities, such as the University of Turku and the University of Oulu, offer admission to masters in management programs without requiring GRE/GMAT scores.

After looking at the top universities offering masters in management in Finland, let’s check out the eligibility criteria for these programs.

Masters in Management in Finland: Eligibility Criteria

Eligibility criteria include academic requirements, English language proficiency scores, and relevant work experience.

Here’s a breakdown of the required criteria.

Academic Criteria

The academic criteria include a bachelor’s degree in a relevant field, a minimum GPA, and a standardized test score like the GMAT (if required).

English Language Criteria

International students must demonstrate English language proficiency through tests such as IELTS, PTE, TOEFL, or Cambridge English.

Also Read: Exams for Studying Abroad – IELTS, TOEFL, GRE, GMAT & More

Miscellaneous Criteria

Apart from academic qualifications and English language test scores, you may need to provide letters of recommendation and, in some cases, work experience.

Residence Permit for Studies

International and non-EEA/EU students need a residence permit to study in Finland. The following requirements must be fulfilled for a residence permit.

Work Regulations for International Students

Students can find working opportunities in Finland both during and after their studies. The following are the regulations for employment.

Also Read: Finland Work Visa for Indians- All You Need to Know

Now that you've reviewed the eligibility requirements for applying to a masters in Management in Finland, let’s explore the application process in detail.

Masters in Management in Finland: Application Process

After selecting a program and university, you need to apply online and submit the required documents. You can apply for a study permit after receiving the acceptance letter.

Here are the steps involved in the application process.

Step 1: Research Programs and Universities

Identify universities offering masters in engineering programs (e.g., University of Helsinki, Aalto University, Tampere University). Check program details, such as curriculum and admission requirements.

Step 2: Check Eligibility Criteria

• Academic Requirements: A bachelor’s degree in a related field (e.g., computer science, IT, or engineering).
• GPA: Most programs require a competitive GPA (typically 3.0/4.0 or equivalent).
• English Proficiency: Proof of English proficiency via tests like IELTS (6.5+), TOEFL (90+), or equivalent.
• Additional Requirements: Some programs may require GMAT scores, work experience, or prerequisite courses.

Step 3: Prepare Required Documents

Based on the requirements, prepare documents such as:

• Academic Transcripts: Official transcripts from your bachelor’s degree.
• Degree Certificate: Proof of completed bachelor’s degree.
• CV/Resume: Highlighting academic and professional experience.
• Statement of Purpose (SOP): Explain your motivation, career goals, and why you chose the program.
• Letters of Recommendation (LOR): Typically 2–3 letters from professors or employers.
• English Proficiency Test Scores: IELTS, TOEFL, or equivalent.
• Portfolio (if required): Some programs may ask for a portfolio of relevant projects or work.

Step 4: Apply Online

• Most Finnish universities use an online application portal (e.g., Studyinfo.fi or the university’s own system).
• Submit all required documents and pay the application fee (if applicable).

Step 5: Apply for Scholarships

• Check scholarship options (e.g., university-specific, Finnish Government Scholarship Pool, Erasmus+).
• Submit separate scholarship applications, if required, along with supporting documents.

Step 6: Wait for Admission Results

• Admission results are usually announced 8–12 weeks after the application deadline.
• If accepted, you’ll receive an admission letter.

Step 7: Apply for a Residence Permit

• Non-EU/EEA students need a residence permit to study in Finland.
• Required documents:
  • Admission letter from the university.
  • Proof of financial support (€560/month for living expenses).
  • Valid passport.
  • Health insurance.
• Apply online through the Finnish Immigration Service (Migri).

Step 8: Pay Tuition Fees

• Once admitted, pay the tuition fee (if applicable) to confirm your enrollment.
• Some universities offer an Early Bird Discount for early payment.

Step 9: Arrange Accommodation

• Apply for student housing through your university or private providers.
• Popular student housing organizations include HOAS (Helsinki) and TOAS (Tampere).

Step 10: Prepare for Arrival

• Book your flight and arrange airport pickup (if offered by the university).
• Attend orientation sessions organized by your university to settle in.

After exploring the detailed application process for a Master’s in Management program, let’s take a look at the expenses involved.

Cost of Studying Masters in Management in Finland

International non-EEA/EU students are required to pay tuition fees for a masters in Management in Finland. In addition, they must cover expenses for housing, visa permits, and health insurance.

Note: Living expenses vary depending on the city, lifestyle, and accommodation preferences.

Also Read: Cost of Living in Finland

Now that you’ve examined the cost involved in studying for a masters in management in Finland, let’s explore the structure of the program.

Masters in Management in Finland: Course Structure

Apart from core subjects like financial management and operations management, you can study specializations like business analytics and sustainability.

Now that you’ve looked at the subjects to be studied as part of the curriculum, let’s check out the scholarship opportunities for students.

Masters in Management in Finland: Financial Aid and Scholarships

Scholarships for masters in management, such as the Tampere University Scholarship, are primarily offered as tuition fee waivers. The amount of the waiver depends on your academic performance.

After checking out some scholarship options for masters in management programs, let’s look at the job opportunities after graduation.

Potential Job Opportunities after Masters in Management in Finland

Completion of a masters in management in Finland opens up job opportunities such as Business Consultant and Financial Analyst.

Source: Glassdoor

Top Recruiters for Masters in Management in Finland

Recruiters include global companies like Honeywell and Visa, which hire for roles such as Project Manager and Business Development Manager.

Source: Ambitionbox

Popular Industries Recruiting Masters in Management in Finland

Industries such as financial services, consumer goods, and information technology hire for roles like financial analyst and IT consultant. 

After exploring the job opportunities available after completing a masters in management in Finland, let’s check out the reasons for selecting Finland for these programs.

Why Pursue a Masters in Management in Finland?

Finnish universities offer features such as industry-recognized certifications, like Google Analytics, and unique specializations, such as Sustainable Business.

Here are other reasons for studying masters in management in Finland.

• Access to Latest Technologies

Finland integrates technology-driven learning into management programs. For instance, Aalto University’s Business program offers you an opportunity to work on real-world problems using data analytics and AI to solve business challenges.

• Industry-Recognized Certifications

Tampere University’s Master’s in Management provides industry certifications in project management (e.g., PMP) and digital marketing (e.g., Google Analytics). 

• Specialization Opportunities 

You can specialize in subjects like Sustainable Business Management, focusing on sustainable business practices and corporate social responsibility (CSR).

• High Global Rankings

Finnish universities, especially Aalto University and Tampere University, consistently rank among the top 100 global institutions for management under QS World Rankings. They offer research-oriented, high-quality education that is internationally recognized.

• Robust Job Market 

Companies like KPMG and Nordea are consistently seeking skilled professionals in roles such as business analysts, project managers, and corporate strategists. 

• Post-study Work Opportunities

Finland’s two-year job-seeker visa allows you to remain in the country to find work. Many universities, such as LUT University, provide job fairs, networking opportunities, and direct links with businesses.

Now that you've explored the reasons for studying for a masters in management in Finland, let's look at how to select the right program.

How to Choose the Right Program and University for Masters in Management in Finland?

While choosing a university, consider factors like specializations, opportunities for internships, and also the tuition fees.

Here are the factors you must consider.

• Global University Rankings

Look for universities that consistently rank in the top 100 globally for business and management in QS Rankings. A strong ranking indicates high academic standards and international recognition.

• Practical Training Opportunities

Choose a university that has internship programs or industry collaborations. For instance, Tampere University integrates practical training with companies like Kone and Nokia, where you can work on real-world business challenges.

• Affordable Tuition and Living Expenses

Look for a university that has affordable tuition fees. Also, consider the living expenses for living and studying in the university. The living cost in Finland is about €700- €1,200 (INR 63.7K - 1L) per month, making it an affordable option.

• Generous Post-Study Work Visas

The two-year post-study work visa after graduation in Finland allows you to remain in the country and search for full-time employment in your field. 

• Flexible Course Structures

Programs in International Business offer flexibility, allowing you to choose electives or specialize in entrepreneurship, digital marketing, or business analytics.

• Extensive Scholarships and Financial Aid

Institutions like LUT University offer full tuition waivers, €5,000 (INR 4.5L) relocation grants and living cost support.