lunduniversity.lu.se

Master's programme in Accounting and Finance

MSc in Business and Economics | 1 year | 60 credits

Admission requirements

Entrance to our Master's programmes is highly competitive. You can increase your chances of a successful application by exceeding the minimum entry requirements.

Academic requirements

  • An undergraduate degree (BA/BSc) with at least 60 ECTS credits in business administration, or equivalent knowledge obtained through courses in related fields (for example, courses in accounting, business, commerce, corporate finance, international business, management, management science, marketing, and organisational studies). A major in corporate finance, financial accounting, financial management, or management accounting is preferred.
  • At least one completed introductory course in each of accounting and corporate finance.
  • At least 15 ECTS credits in financial accounting, management accounting and control, and/or corporate finance on the intermediate or advanced undergraduate level.
  • At least one course in econometrics or statistics, covering cross-sectional and/or panel regression analysis.

Recommended prior knowledge

Each specialisation provides advanced treatments of theories, applications, and empirical research methods within the specialisation. The lecturing is designed on the assumption that participants hold adequate subject-specific background knowledge. Hence, it is strongly recommended that applicants hold knowledge as follows when entering the specialisation:

  • Specialisation in Accounting and Management Control: knowledge of management accounting and control equivalent to an advanced undergraduate level course in accounting.
  • Specialisation in Accounting, Assurance, and Financial Communication: knowledge of financial accounting equivalent to an advanced undergraduate level course in financial accounting.
  • Specialisation in Corporate Financial Management: knowledge of corporate finance equivalent to that provided in an advanced level undergraduate course in corporate finance.

Participants on all specialisations are assumed to at least hold prior knowledge as follows:

  • basic knowledge of accounting and accounting systems
  • understanding of the structure and format of financial statements, including the consolidated statements of financial position, profit or loss, changes in equity, and cash flows
  • ability to calculate profitability, profit margins, asset turnover, and growth
  • ability to calculate net present values
  • ability to analyse capital structures, including calculation of the weighted average cost of capital
  • knowledge of the trade-off between risk and return and the capital asset pricing model
  • basic knowledge of cross-sectional regression analysis, including the classical linear regression model, autocorrelation, and heteroscedasticity

English language requirements

Strong English language communication skills are crucial to gain the full benefit of the programmes we offer. However, meeting the minimum English language test requirements, does not guarantee admission. A majority of students accepted to this programme submit test scores corresponding to IELTS band 7.0.

What are our minimum requirements?
We require a good command of the English language, both spoken and written. The English language entry requirement is the equivalent of English studies at upper secondary level in Sweden (gymnasium), called English 6/English Course B.

For international students, this can be demonstrated in various ways. You can demonstrate that you meet the English language requirement through certain upper secondary (high school) studies, certain university studies, or an internationally approved English test.

We prefer candidates to take the IELTS test where possible. We accept the following tests and minimum scores:

  • IELTS score of 6.5 (with no section less than 5.5)
  • TOEFL paper-based score of 4.5 (scale 1-6) in written test and a total score of 575
  • TOEFL internet based score of 20 (scale 0-30) in written test and a total score of 90 

Find out more about the English language requirements at the University Admissions website.

Selection to this programme

We normally look for undergraduates with excellent results from an internationally recognised university. When assessing your academic record, we take into account your grade average, position in class, your statement of purpose and the standing of the institution where you studied your qualification.

Undergraduates are recommended to have a minimum average grade equivalent to 3.0 in cumulated grade point average (CGPA) out of 4, C in the ECTS grading scale, and B in the American grading scale.

GMAT and GRE tests

We do not require a GMAT or GRE score but a well-balanced score may strengthen your application to this particular programme.

Find out more about aptitude tests