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BI Norwegian MSc in Finance: Detailed Overview





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Introduction to BI Norwegian Master of Science in Finance

The MSc in Finance program offers a prime opportunity for individuals to excel in the dynamic realm of finance, regardless of their specialization interests, be it in corporate finance, asset management, or other finance-related roles. This internationally diverse program brings together students and faculty from around the world, fostering an environment where complex problem-solving skills are honed in the face of uncertainty.

Within the domain of corporate finance, students delve into understanding the intricacies of a company’s valuation and the myriad factors influencing its financial landscape. Likewise, in the field of asset management, participants gain insights into the impact of alterations to the risk-return trade-off on portfolio weights.

Why Study BI Norwegian Master of Science in Finance?


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There are many reasons to consider pursuing a Master of Science in Finance (MSc in Finance) from BI Norwegian Business School. Here are some of the key advantages:

Highly Respected Program: BI’s MSc in Finance is consistently ranked among the top finance programs globally, making it a valuable credential for advancing your career in the financial industry. The 2023 Financial Times Masters in Finance ranking placed BI’s program among the top 55 worldwide.

Strong Industry Connections: BI has strong ties to the Norwegian and international financial industry, providing students with ample opportunities to network with potential employers and gain valuable insights into real-world practices. The program’s alumni network includes a wide range of successful professionals in various finance-related fields.

Rigorous and Comprehensive Curriculum: The MSc in Finance curriculum delves into the theoretical foundations of finance while emphasizing practical applications. Students gain a deep understanding of financial markets, investment strategies, risk management, and corporate finance. The program also incorporates advanced quantitative and data science skills, which are highly sought after in the modern financial landscape.

Diverse and International Learning Environment: BI attracts students from around the globe, fostering a vibrant and multicultural learning environment. This diversity enriches classroom discussions and provides students with exposure to different perspectives on finance and business practices.

Program Costs + Living Expenses: BI Norwegian Master of Science in Finance


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The estimated living expenses for a student pursuing a Master of Science in Finance at BI Norwegian Business School are approximately 140,000 NOK (Norwegian krone) per year, which is equivalent to approximately $17,000 USD (United States dollars). This estimate includes accommodation, food, transportation, and miscellaneous expenses.

Employment Prospects: BI Norwegian Master of Science in Finance


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    Most Sought-after Jobs

Financial analyst

Investment banker

Risk analyst

Corporate finance analyst

Treasury analyst

MSc Finance graduates are attractive to employers in a variety of industries and sectors. The most popular industries for MSc Finance graduates include:

  • Banking, finance, and insurance 
  • IT, technology, and telecom 
  • Auditing and consulting 

Graduates also find employment in a variety of other industries, including:

  • Energy
  • Retail
  • Manufacturing
  • Public sector

Eligibility Criteria for BI Norwegian Master of Science in Finance

Degree Requirements:

  • A successfully completed Bachelor’s degree in the field of business administration, finance, or economics.
  • For applicants with a Bachelor’s degree in a related field, must be in business-related courses, including at least 30 ECTS credits in finance-related courses.

Additional Requirements:

  • Applicants must have a strong command of English. If English is not your native language, you must provide evidence of English proficiency, such as a TOEFL score of 90 or an IELTS score of 6.5.
  • Applicants must be able to demonstrate a strong interest in finance and have a good understanding of fundamental financial concepts.
  • Applicants must be able to demonstrate strong analytical and problem-solving skills.

International Applicants:

In addition to the general admission requirements, international applicants must also meet the following requirements:

  • A valid passport or other acceptable identification document.
  • A student visa if required.
  • Financial documentation to show that you can support yourself financially during your studies.

Documents required: BI Norwegian Master of Science in Finance

  • Official university/college transcripts and diplomas: Submit copies of transcripts and degrees (diplomas) and include an official explanation of the grade scale used. If you have not completed your undergraduate education when applying, use a copy of your most recent transcript. Also include a list of courses you are taking in your final semester. Academic records must be accompanied by a certified English translation if the originals are not in English or a Scandinavian language.
  • Motivation letter: Describe your dreams and ambitions, and how they relate to your choice of MSc programme at BI. Why do you want to take this master’s programme, what have you done in your life that have prepared you for this, and how will the MSc programme help you achieve your career and personal goals? How do you match BI’s applicant profile? The letter, written in English, should not exceed one page.
  • Curriculum Vitae (CV): Upload a one-page CV including relevant education, work and volunteer experience, and any academic, sport, or leadership achievements. Your CV should be written in English if you are applying to our English language programmes.
  • GMAT/GRE test score: This is mandatory if your bachelor’s degree is from a country outside Norway/Nordics. These standardised tests are used by business schools around the world to test your readiness for master-level studies. Ask that your test results be forwarded directly to BI from the test centre, or upload a copy of the score report to your online application. Applicants from our partner schools or from business schools that have international accreditations may request a waiver for this requirement.
    GMAT Institution Code: Please search for BI in the institution search field
    GRE Institution Code: 0497
  • TOEFL/IELTS test score: If you have a native language other than English, and you are not from Norway or the Nordic area, you must demonstrate English competency by completing a test of the English language. Ask that your test results be forwarded directly to BI Norwegian Business School from the test centre or upload a copy of the score report to your online application. If you are a Native English speaker or you have completed two or more academic years of study where the language of instruction was English, you may request a waiver for this requirement.
    TOEFL Institution Code: 0529
    IELTS copies are accepted if the TRF number is visible

Application Deadlines - BI Norwegian Master of Science in Finance

  • Priority application deadline for Master of Science: 1 March
  • After 1 March, applications are accepted on a rolling basis.

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Specializations & Electives Offered

The BI Norwegian Master of Science in Finance offers two specializations and a variety of electives.


  • Corporate Finance: This specialization focuses on the financial decision-making of corporations, including topics such as capital budgeting, dividend policy, and mergers and acquisitions.
  • Financial Markets: This specialization focuses on the functioning of financial markets, including topics such as asset pricing, risk management, and derivatives.


A wide range of electives are offered, covering a variety of topics in finance, including:

  • Asset management
  • Behavioral finance
  • Corporate governance
  • Financial institutions
  • Fintech
  • International finance
  • Investment banking
  • Real estate finance
  • Risk management
  • Sustainable finance

Students can choose a combination of specializations electives to tailor their program to their individual interests and career goals.

Here is a more detailed list of the specializations electives offered in the BI Norwegian Master of Science in Finance:

Corporate Finance

  • Advanced Corporate Finance
  • Case Studies in Corporate Finance (NEW)
  • Corporate Governance
  • Corporate Value Creation, Sustainability and Social Welfare
  • Internship for Finance
  • Strategic Asset Allocation

Financial Markets

  • Applied Portfolio Management
  • Derivatives
  • Fixed Income Securities
  • International Finance
  • Numerical Methods in Python with Applications
  • Stochastic Calculus for Finance 

FAQs About BI Norwegian Master of Science in Finance

All scholarships available are entrance scholarships. Applicants must be applying in the first year of the programme (bachelor or master) or the beginning of the executive programme.

Scholarships have different eligibility criteria which can be based on citizenship, educational background, or gender, for example.  Some scholarships are available only to applicants for specified degree programmes. Check out the eligibility criteria for each scholarship you might be interested in.

For scholarship purposes, an international applicant is a candidate with international citizenship who moved to Norway to undertake post-secondary studies.

Applicants apply when applying for admission to full-time or executive studies via the admission application portal

For full-time studies or executive programmes, always apply for a scholarship with your application for admission. In the admission portal, choose the scholarship tab and upload a scholarship application letter and any other supporting documentation. 

You only need to include one scholarship letter and any supporting documentation to be considered for all scholarships for which you meet the eligibility criteria.

Upon completion of the MSc in Finance program, students will be able to:

  • Apply advanced financial concepts and techniques to solve complex problems in uncertain environments
  • Analyze financial statements and conduct financial research
  • Evaluate investment opportunities and make informed investment decisions
  • Manage financial risk
  • Communicate financial information effectively

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

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