

MSc in Economics (Economics and Business Administration)
- Public University
MSc in Economics (Economics and Business Administration) at Aalto University Overview
Aalto University is a prominent institution among PG students looking to pursue a MSc in Economics (Economics and Business Administration) from abroad. The typical duration of the program is 2 years. It is among Finland’s top-ranked courses and is rated very highly by several prominent ranking platforms including Shiksha. Interested candidates must submit their admission applications as early as possible due to limited availability of seats.
The first year Aalto University tuition fees for its MSc in Economics (Economics and Business Administration) is around EUR 15,000. Students are also advised to plan for some other costs they may incur over the duration of studies, including accommodation, groceries, insurance, utilities among others.
Duration | 2 years |
Tuition & Fees | ₹15.71 Lakh Get Fees details |
International Students Admission Website | Go to Website |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
- Overview
- Fees
- Entry Requirements
- Application Process
- Rankings
- Highlights
- Scholarships
MSc in Economics (Economics and Business Administration) at Aalto University Fees
International students are required to pay Aalto University MSc in Economics (Economics and Business Administration) tuition fees as per the fee structure. The average first-year tuition fee for the course is EUR 15,000. The students are also required to manage living expenses while attending the Aalto University.
The cost may vary based on the individual charges and type of living. The cost of attending the MSc in Economics (Economics and Business Administration) at Aalto University is given below:
Fees components | Amount (for 1 year) |
---|---|
Tuition & fees | INR 15,70,500 |
Fees components | Amount (for 1 year) |
---|---|
Transportation | INR 62,820 |
Phone | INR 37,692 |
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MSc in Economics (Economics and Business Administration) at Aalto University Entry Requirements
- No specific cutoff mentioned
- No specific cutoff mentioned
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- Applicants must have bachelor's degree from a university of applied science in Finland or from a higher education institution abroad.
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To be considered for admission, the applicant must demonstrate suitability by previous studies. A successful candidate has typically taken the following intermediate level courses or their equivalents:
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Macroeconomics;
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Microeconomics;
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Econometrics- The Econometrics course (or an equivalent statistical methods course) should have covered multivariate regression analysis with cross section and time series data and hypothesis testing.
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Mathematical Methods of Economics- The Mathematical Methods of Economics (or an equivalent mathematical methods course) should have covered linear algebra; functions of several variables; unconstrained and constrained optimization; difference equations and differential equations.
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Calculate your score and check your eligibility at over 2000+ universities.
Out of 10

Calculate your score and check your eligibility at over 2000+ universities.
Out of 10
- Marks - 92/120
- overall 92, and 22 for Writing
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Register for TOEFL iBT® Test Today and get Rs 500 Off. Use code SHIKTOEFL to avail the discount. Hurry Register now for TOEFL
- Marks - 550/800
- NA
- Marks - 62/90
- overall 62, and 54 for Writing
- Marks - 6.5/9
- Read less
- overall score 6.5, and writing score 5.5.
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
- No specific cutoff mentioned
- NA
MSc in Economics (Economics and Business Administration) at Aalto University Application Process
- Academic transcripts
- Degree certificates
- GMAT/GRE Scores
- English language requirements
- Motivation letter - The motivation letter is written in English and the maximum length of the letter is 4000 characters (including space characters).
- Copy of ID or passport
MSc in Economics (Economics and Business Administration) at Aalto University Rankings
Rank | Rank Publisher |
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#41 | |
#196 | |
#271 |
MSc in Economics (Economics and Business Administration) at Aalto University Highlights
- The Economics programme prepares students to structure and understand the world through in-depth economic expertise and strong analytical skills, combined with computation and data processing skills
- It is meant for students who are fascinated by complex challenges such as climate change, inequality and innovation, and want to address these challenges in an analytical manner
- Economics graduates have:
In-depth knowledge of economic theory. Graduates understand modern microeconomics and macroeconomics, and selected domains of economics at a deeper level. Interpret real-world phenomena in light of these theories.
An analytical toolkit to address complex questions. Graduates possess econometric and mathematical analytical tools to address economic challenges and problems.
MSc in Economics (Economics and Business Administration) at Aalto University Scholarships
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