Admission criteria for Strategic Finance and Analytics

Read more about the programme at Master's programme in Strategic Finance and Analytics.

• Bachelor of Science in Economics and Business Administration 
  Completed in a University
  Kauppatieteiden kandidaatti  

Having completed a Master of Science Degree in Economics and/or Business Administration or equivalent at the time of applying or, completing it before starting the LUT Master's studies makes you ineligible to apply.
 

• Bachelor of Business Administration 
  Completed in a University of Applied Sciences
  Tradenomi (AMK)  

Having completed a Master’s Degree in Business Administration (Tradenomi YAMK) still makes you eligible to apply but only when applying with the Bachelor's Degree.  
 

• Bachelor's Degree in a field other than Business Administration or Economics 
  Completed in a University  

Having completed a Master's Degree in a field other than Economics and Business Administration still makes you eligible to apply but only when applying with the Bachelor's Degree. 

A minimum of 24 ECTS credits of studies completed in Business Administration required.
 

• Bachelor's Degree in a field other than Business Administration 
  Completed in a University of Applied Sciences  

Having completed a Master's Degree in a field other than Economics and Business Administration still makes you eligible to apply but only when applying with the Bachelor's Degree. 

A minimum of 24 ECTS credits of studies completed in Business Administration required. 
 

Applicants who have completed a Master's Degree in a University of Applied Sciences with no prior Bachelor's Degree while the prior degree having been completed on a higher secondary or secondary level are not eligible to apply. 

An accepted GMAT Exam or GRE General Test result required. 

The required GMAT Exam or GRE General result can be compensated by one of the following: 

• you have been awarded a Bachelor's or Master's Degree in Business Administration by a Finnish University of Applied Sciences 
• you have been awarded a Bachelor's Degree in any field of study by a Finnish University 
• you have been awarded a Master's Degree in a field other than Economics or Business Administration by a Finnish University 
• The related degree must have been awarded by the end of the application period.

The Admissions Committee for the programme always reserves a right to decide whether the degree and the completed studies provide the applicant with eligibility to apply to the programme.

• Bachelor of Science in Economics and/or Business Administration 
  Completed in a university - all countries

Having completed a Master's Degree in Economics and/or Business Administration or equivalent at the time of applying or, completing it before starting the LUT studies makes you ineligible to apply. 

A minimum of 80 ECTS credits of studies within at least three different fields listed for Business Administration must be included in the degree. 

Equivalent degrees with different titles also accepted as long as the required studies are included. 

• Bachelor of Business Administration 
  Completed in a University of Applied Sciences - EU/EEA countries or Switzerland

Having completed a Master's Degree in Business Administration still makes you eligible to apply but only when applying with a Bachelor's Degree. 

A minimum of 80 ECTS credits of studies within at least three different fields listed for Business Administration must be included in the degree. 

Applicants who have completed a Master's Degree in a University of Applied Sciences with no prior Bachelor's Degree while the prior degree having been completed on a higher secondary or secondary level are not eligible to apply. 
 

• Bachelor's Degree in a field other than Business Administration or Economics 
  Completed in a University - All countries  

Having completed a Master's Degree in a field other than Business Administration or Economics still makes you eligible to apply but only when applying with the Bachelor's Degree. 

A minimum of 24 ECTS credits of studies completed in Business Administration required.

An accepted GMAT Exam or GRE General Test result required. 

The required GMAT Exam or GRE General result can be compensated by one of the following: 

• you have been awarded a Bachelor's or Master's Degree in Business Administration by a Finnish University of Applied Sciences 
• you have been awarded a Bachelor's Degree in any field of study by a Finnish University 
• you have been awarded a Master's Degree in a field other than Economics or Business Administration by a Finnish University 
• The related degree must have been awarded by the end of the application period.

  
   

Overall requirements for the Bachelor's Degree

• An equivalent degree to a corresponding Finnish Bachelor's Degree by the number of academic years and ECTS credits.
• Degree providing you with eligibility to apply to university level Master's studies in the country where the degree was awarded in.

Requirements for the degree-awarding university

The university having awarded you the degree you are applying with must be

• An official and recognized part of the national education system
• Listed on the World Higher Education Database WHED by International Association of Universities
   

The Admissions Committee for the programme always reserves a right to decide whether the degree and the completed studies provide the applicant with eligibility to apply to the programme.

To be eligible to apply to the programme, you must have completed

• a minimum of 40 ECTS credits of studies in Finance, Accounting or Economics relevant to the programme*

by the application deadline.

You must list the courses in the application form distinctively by discipline i.e. Finance, Accounting, and Economics.  

*Courses related to International Business, Marketing, and Management are not relevant for this programme.

The Admissions Committee for the programme reserves a right to decide whether the completed studies provide the applicant with eligibility to apply to the programme.

Requirements for the programme-related studies 
What to do if there are no credits available for the completed courses?

How to present the studies?

List the studies in their original study units on the application form.
 

The arithmetic GPA will be first checked and verified by LUT University. In case the original grading scale not being on a scale of 1.00 - 5.00, the arithmetic GPA will be converted by LUT University on this scale during the evaluation process. Finally, the arithmetic GPA with two decimals will be evaluated.

The grading scale must include at least two different grades for passing that together form a clear range of passing grades so that an arithmetic GPA can be calculated.

If the completed courses having been evaluated by using verbal or letter-based grades, these grades will be converted on a numerical scale of 1.00-5.00 by using linear conversion.

The arithmetic GPA evaluated in the LUT selection process is

• an arithmetic average of grades for all the individual courses and for the grade for the Final Thesis included in the degree you have to apply with 
  • that have been completed at the time of applying
  • that are listed on an official Transcript of Records

What is excluded from the arithmetic GPA?

• Courses evaluated with 'pass' or 'fail' 
• Courses evaluated with a grade corresponding to a failed grade
• Courses without a related study unit such as ECTS credit, credit, credit hour etc. 
• Combined modules including only a single grade for all the courses included in the module unless the individual courses having been evaluated separately
• Courses not included in the degree you have to apply with
• Courses not included in the degree you have to apply with that have been credited or compensated unless the degree-awarding university having evaluated them on a numerical, verbal or on a letter-based grading scale

You must prove your proficiency in English with one of the following:

• one of the accepted language tests
• a degree in higher education completed in English in an EU/EEA country or in Australia, Canada, Ireland, New Zealand, Switzerland, United Kingdom or the United States of America
• a degree in higher education completed in Finnish or in Swedish in Finland

More information: How to prove your proficiency in English

It is not possible to get another right to study in a Master's programme that is included in the same study programme, i.e. in the same main field of study for which the student already has a right to study at LUT University.

Should this be the case, the study right obtained later will be revoked.

The restriction also means that it is not possible to change the Master's programme to another one in the same field of study by applying again.

Example

Student already has a study right in the Master's programme of Business Analytics in the field of Economics and Business Administration at LUT University, so he/she cannot be admitted to another Master's programme in Business.

Before starting your application process, have a look at the basics on applying at

• Applying to Master's Programmes through Regular Admission
  >> Application process

where all the important information regarding to applying in general is given.

Filling in your application form

In your application form, you must indicate the cumulative number of original study units completed for your Bachelor's Degree. 

If applying with an unfinished Bachelor's Degree, you must indicate the cumulative number of original study units expected to be completed for being able to graduate. 

If having completed a combination of degrees that together correspond to a Bachelor's Degree, you must indicate the cumulative number of original study units for all the related degrees.

Requirements for the Transcript of Records 

The Transcript of Records for your Bachelor's Degree must include the cumulative number of original study units (credits, credit hours etc.).

If the cumulative original study units are not included on the Transcript of Records, an official statement on them issued in English by the related university must be uploaded.

You may also upload an official brochure for the programme issued by the university instead of the official statement if the cumulative original study units indicated in the brochure. 

• Degree Certificate for the Bachelor's Degree
  + an official translation when required
  Upload a scan for the original/s.
• Transcript of Records for the Bachelor's Degree
  + an official translation when required
  Upload a scan for the original. 
  If your Bachelor's Degree is a combination of two or more different degrees, upload one combined scan/document in which you have included all the original Transcripts of Records. 
  The following elements must be included in the Transcript/s of Records: 
  * Original study units for each course
  * Original cumulative study units for the degree
  * Grades for each course
  If one or many of these required elements are missing, you must upload an additional, official statement provided by the university in English, indicating the missing elements. 
  The original study units for each course as well as the cumulative ones for the degree can also be provided by uploading an official brochure for the programme if these elements are indicated in the brochure. 
  The additional document/s must be combined together and uploaded to the same section with the Transcript of Records. 
• Language Test result when required
  Upload a scan for the test result or a screenshot from your test account. 
  The result is always electronically verified from the test database.
• Additional educational documents when required
  + official translations when required
  Upload a scan for the original/s.
  When proving your proficiency in English with another degree apart from the one you are applying with.
  When having completed programme-specifically required university-level studies not included in the degree you are applying with.
• GMAT Exam or GRE General Test  when required
  When applying to this programme with a degree in a field other than Business Administration:
  Completed in a Finnish University of Applied Sciences
  Completed in a University outside of Finland
  Upload a scan for the test result or a screenshot from your test account. 
  The result is always electronically verified from the test database.
  Minimum required scores: 
  GMAT Exam (Focus Edition): 515
  GMAT Examm (10th Edition): 550
  GRE General Test: Verbal Reasoning 152 + Quantitative Reasoning 152 + Analytical Writing 3.0 
  We also accept GMAT Online Exam and GRE General Test at Home.
• Passport or ID card with nationality
  Upload a scan for the document or card. 
• Finnish Residence Permit Card
  Upload a scan for the card if having one.

What is an unfinished Bachelor's Degree?

• You have not yet graduated = you have not been awarded your Degree Certificate or the Provisional Degree Certificate

Having completed all your studies does not mean that you have graduated unless not having been awarded the Degree Certificate or the Provisional Degree Certificate.

If not being able to upload your Degree Certificate or the Provisional Degree Certificate by the supplementary deadline, you must identify your status on the application form as "not yet graduated".

When applying

• Indicate the estimated date of graduation on your Application Form
  • No official statement for the date required from the home university
• Upload your latest Transcript of Records to your Online Application Form
  • plus the official translation (when required)
  • The Transcript of Records must include the name of the degree to be awarded.
    • If not included, an additional statement issued by the awarding university about the name of the degree must be uploaded to your Online Application Form.

If admitted

If admitted, you must be able to

• Graduate by 31 August 2026
• Provide us with the following documents by 31 August 2026 at 15:00 (UTC+3)
  • Scan for your original Degree Certificate
  • Scan for your original Transcript of Records
• Provide us with the following documents by 7 September 2026 at 15:00 (UTC+3)
  • Scans for the official translations in English for both the documents (when applicable)
  • Official translations required, if the original documents are not issued in English, Finnish or Swedish.

The documents must be provided according to the given instructions despite of the country the degree was awarded in.

If not being able to meet with both the requirements by the given deadlines, your right to study in the programme will automatically be cancelled and you will lose your place without a possibility to claim it back.

PREVIOUS RELEVANT STUDIES, max. 7 points

Studies in Finance, Accounting or Economics relevant to the programme

• 40-69 ECTS credits = 3 points
• 70-     ECTS credits = 5 points

Courses related to International Business, Marketing, and Management are not relevant for this programme.

You must list the courses in the application form distinctively by discipline i.e. Finance, Accounting, and Economics.  

The Admissions Committee for the programme reserves a right to decide on the basis of priority list which is based on the principle that Finance and Accounting studies are given first preference. e.g. if your degree contains major courses in economics then those will not be counted if Finance and Accounting studies are below 40 ECTS.

Studies in Research Methods (Analytics, Applied Mathematics, Statistics, Information Processing, or Information Technology) relevant to the programme

• 24- ECTS credits = 2 points

The basic-level Mathematics and Statistics courses are not counted. Priority is given to courses that are related to Applied Business Research (i.e. Data Analytics, Applied Mathematics/Statistics, Operational Research, and Software Programming).

You must list your courses in English in ECTS credits on your application form - also when they have been completed in Finnish - plus, upload an official Transcript of Records in English for your studies.

The name of course and corresponding ECTS credits must be listed in the relevant box on the application form. The total ECTS credits must also be reported at the end of the course list. The same course cannot be listed in two or more fields. The names of each course you list in English on the application form must be identical with the names of the courses on the Transcript of Records in English.

In case of the courses not listed in ECTS credits as requested and the total ECTS credits for them not indicated, the completed studies will not be evaluated.

The Admissions Committee for the programme has a right to decide whether the applicant's previous studies and the corresponding ECTS credits meet with the requirements for the programme or not. 

Requirements for the programme-related studies

Academic Success, max. 5 points

Following points are granted based on the GPA for the degree providing you with the eligibility to apply:

• 1.00 - 3.24 = 0 points
• 3.25 - 3.74 = 1 point
• 3.75 - 4.24 = 3 points
• 4.25 - 5.00 = 5 points

For further information, please see Arithmetic GPA evaluated in the process under Admission Criteria.

A limited number of applicants are invited to an interview in the order of the highest total points for stage 1.

The following elements are evaluated in the interview:

• Motivation
• Eligibility for the programme
• Practical orientation
• Communication skills