Master in Finance and Investments (MSc)

Master in Finance and Investments (MSc) is one of 4 English-taught Finance programmes at Master's Degree level in the register, offered by 1 institution. 4 of them list an annual fee for students from outside the EU, EEA and Switzerland; this programme lists EUR 8,000 a year.

The MSc in Finance and Investments at Copenhagen Business School is a two-year master's programme taught in English. It is for students who want to understand how financial markets work and how companies and investors make decisions about value, risk and capital. The programme is numbers-driven: you will use mathematics, statistics and IT tools to analyse investments, value securities and manage financial risk.

What you study

The programme mixes finance with economics and mathematics. About 65% of the content is finance and 35% is economics and mathematics. You will be trained in analysing stocks, bonds and derivative securities using models for pricing and risk management. You will learn how investors form portfolios and how to select portfolios optimally. The risk-return trade-off is central: you will explore both theoretical models and empirical studies of the relation between risk and return. You will also study the different players in financial markets, including companies, households, banks and other financial institutions, and how their financial decisions influence markets.

Courses named on the programme page include Quantitative Methods, Corporate Finance, Investments, Financial Statement Analysis, Financial Intermediation, Empirical Finance, Derivatives and Fixed Income, and a Business Project. In the first semester you take Quantitative Methods, Corporate Finance, Investments and Financial Statement Analysis. In the second semester you take Financial Intermediation, Empirical Finance, Derivatives and Fixed Income, and the Business Project. The third semester is made up of electives, an exchange, an internship or the CEMS track. The fourth semester is the master's thesis (Kandidatspeciale, 30 ECTS).

How the programme is organised

The programme is full-time over two years and carries 120 ECTS. The first year is course-based, with a dedicated first-semester course in quantitative methods and with quantitative training integrated into other courses. You will develop communication skills through short assignments, longer written reports, and both oral and written exams. Teaching uses Excel and other software, and exams are mostly open book and done on computers.

On the third semester you can choose electives, take a minor (typically three courses in a specific area), go on exchange at one of CBS's more than 300 partner universities, do an academic internship in Denmark or abroad, or apply for the CEMS Master in International Management, a double degree programme studied alongside your CBS degree in the third and fourth semesters. The master's thesis is typically written with a fellow student.

Who it suits

This programme suits students who are comfortable with quantitative methods and want to become more so. You should have a genuine curiosity about how financial markets work and how companies and institutions make financial decisions. You should like topics such as asset pricing, risk management and portfolio theory. The programme expects you to engage deeply with complex financial problems, interpret results, question assumptions and communicate your conclusions clearly. It is not for someone who is unwilling to work with mathematics, statistics and IT.

The programme has 130 students, with an average age of 24.2 years. 68% are foreign students. The atmosphere among students is described as friendly and helpful, and classmates come from diverse and often international backgrounds.

Admission, language and next steps

The programme is taught in English. If your bachelor degree was not taught in English, you should read CBS's information about what to consider before applying for a master's programme taught in English. Applications for master's programmes go directly to CBS. Students from the EU/EEA and Switzerland study free of charge; other students pay a fee set by the institution.

To learn more, attend CBS's Open Day for master programmes, where you can meet students and staff. You can also read the programme regulations for MSc EBA FIN on the CBS website.

Master’s applications go straight to Copenhagen Business School, not through optagelse.dk, and the institution sets its own deadline. Entry requirements and language tests are set by the institution, so start from the official programme page. Our guides cover tuition fees, residence permits and housing.