MSc in Economics and Finance - Advanced Economics and Finance
The AdEF programme gives you advanced knowledge of cutting-edge research and models in economics and finance. You will learn to analyse and solve real-world challenges in corporate decision-making, understand the dynamics of financial markets, and explore new ideas at the forefront of academic research.
About MSc in Economics and Finance - Advanced Economics and Finance
Why study MSc AdEF?
3 good reasons to choose MSc AdEF
Passion for quantitative analysis
Curiosity about markets and decision-making
Drive for academic and professional excellence
“ What I like the most is the fact that our class is such a diverse group of people with different nationalities, study backgrounds and future goals. This diversity gave me the opportunity to learn a lot about different cultures and intercultural differences ” Florian
Student, Msc AdEF
Master complex finansial challenges
Build expertise in economics and finance
The MSc in Advanced Economics and Finance is designed for students who want to master the quantitative and analytical skills required to tackle complex economic and financial challenges. The programme prepares you for diverse career paths, from the financial sector and consulting to academic research and PhD studies.
A flexible and specialised structure
In the first year, you follow a balanced curriculum in both economics and finance. In the second year, you can specialise further in your chosen field or combine the two, depending on your interests and career goals. Along the way, you will not only learn how to apply established models and methods but also gain a deep technical understanding that enables you to adapt these tools to new market conditions.
“ One of the main reasons I applied for the cand.oecon. programme was to be challenged academically and, compared to my Bachelor's, I would say that I definitely have been. ” Mikala
Student, MSc AdEF
The foundation for a career in finance
Key areas of study
The programme covers corporate finance, financial markets, and corporate governance, where you will explore incentives behind capital structures, portfolio strategies, derivatives, and credit risk, as well as governance issues like principal–agent problems. You will also study economics and macroeconomics, analysing growth, business cycles, and the effects of fiscal and monetary policy, alongside econometrics, where you learn to test theories using advanced data analysis.
Prepare for a successful career
This combination of economics, finance, and quantitative methods ensures that you graduate with a strong academic foundation and the practical skills needed to succeed. Whether your ambition is to work in high-level finance and consulting or to pursue a research career, the MSc in Advanced Economics and Finance provides the knowledge and tools to excel.
Open day for master programmes 2026
Are you considering a master programme at CBS? Come visit us for Open Day and hear about your opportunities .
Read more
Info meetings about admission
Participate in the admission information meeting where we guide you through the application process and explain quota 1 and 2, language requirements and admission requirements.
Structure
Finance
You learn how financial markets work and how firms and investors make decisions about capital, risk, and valuation. Finance in MSc AdEF focuses on asset pricing, portfolio theory, and corporate finance, giving you the tools to analyse investment strategies and financial performance in detail.
Economics and mathematics
You learn to use mathematical models and economic theory to understand and predict behaviour in markets and economies. Focus is on micro- and macroeconomic modelling, econometrics, and quantitative methods that support rigorous analysis and research.
3 things to consider
Academic demands and learning environment
Quantitative skills and theoretical focus
Workload and commitment
Programme overview
1st semester
2nd semester
3rd semester
4th semester
More about the programme progression
Studying in English
If you do not have a bachelor’s degree taught in English, we recommend that you read more about what to consider before applying for an English taught programme.
Read more about Teaching and literature in English on Teaching and working methods.
Options
Electives
On the 3rd semester, you can choose to study courses of your specific interest, but at least 15 ECTS out of a total of 30 ETCS of electives, must be a progression of the mandatory courses. CBS offers a large number of electives within a wide range of topics. You can also choose to take electives at other Danish universities. The electives you choose have to be relevant for your programme.
See the current selection of CBS electives on Single courses and electives - Master
Exchange
Many students choose to go on exchange on their 3rd semester; usually at one of CBS’ more than 300 partner universities. When you go on exchange through CBS, you do not have to pay for the teaching at the foreign university (with a few exceptions), and you can bring your SU (student grant).
Find a list of all CBS partner universities here
Master's thesis
Your 2nd year is completed with a master's thesis. You choose the topic you want to write about, which allows you to focus on a specific topic of your interest. Typically, you write your master's thesis with a fellow student.
“ I chose the Advanced Economics and Finance degree at CBS because I wanted to pursue a degree that combines economics with finance since my bachelor's degree was pure economics and my interest lies within capital markets and banking. ” Florian
Msc AdEF
Open day for master programmes 2026
Are you considering a master programme at CBS? Come visit us for Open Day and hear about your opportunities .
Read more
Study environment
Study environment on MSc AdEF
With only a small number of students admitted each year, you’ll get plenty of interaction with professors and quickly get to know your classmates. The atmosphere is friendly and collaborative, with group work and knowledge-sharing as a natural part of the programme.
The workload is demanding, but you’re never on your own. Frequent interaction with both professors and classmates helps you stay motivated, challenged, and engaged throughout the programme.
About 80% of the students come from abroad, and in a class of 20–30 people you’ll often find many different nationalities represented. English is the common language, creating an inspiring international community that prepares you for a global career.
Student life at CBS
Studying at CBS is much more than just preparing for and going to classes.
At CBS, there are more than 20,000 students with different backgrounds and nationalities. Teamwork is an essential part of studying at CBS both in classes and in extracurricular activities.
With more than 100 student organisations, you also have plenty of opportunities to engage and connect with students across programmes and classes.
Learn more about the vibrant student life at CBS, the student organisations, and the international environment on Student life.
For internationals
If you are an international student, we have gathered a lot of information about what it is like to be an international student at CBS and how you can prepare for life in Denmark.
Read more on For internationals
Meet the students
Student life at CBS
Being a CBS student is about more than going to lectures and doing exams.
Get a glimpse of student life at CBS. Here, you can explore what a typical day of teaching and exams looks like.
Also, you can learn how our programmes are structured and read about social life on campus, including the many ways to connect with fellow students.
Teaching and Exams
Teaching
Based on the combination of a small number of highly talented students and professors, who are passionate and highly recognised within their academic fields, you’ll experience a unique learning environment. You are expected to be prepared and participate in class as the attitude and contribution of the students is key to a good learning environment and high learning output.
The teaching style is interactive with discussions, exercises, student presentations and assignments. You will be engaged during class and get a deeper understanding of complex theories and the relevant applications to various cases.
Read more about Teaching and working methods on Student life
Exams
The programme has a variety of exam types. Approximately half of the exams will have an oral component. This is to ensure that you are able to explain and discuss the relevance, applicability, and problems of the theories and research that you are studying.
Read more about Exams and Exam forms on Student life
Time consumption
You should know that it is demanding to study in a graduate programme, and both the curriculum and workload is significantly higher than at bachelor level.
If you are studying on a full-time graduate programme, you should expect spending approximately 37 hours on average on your studies each week. The workload will vary during the year.
The time leading up to assignment submissions and exams can be hectic, and you can easily work more than 40 hours a week in this period. Preparing for oral exams can be especially time consuming, because you have to be able to explain and discuss the covered concepts and theories and learn things by heart.
Read more on Teaching and working methods
Student job
The complexity of the curriculum and the high workload can make it difficult for some students to find the time for a student job. If you do, prioritisation and time management is essential, and most students work a maximum of 15 hours a week in order to have sufficient time for their studies.
Studying in Denmark - for internationals
If this is your first time studying in Denmark, you may find teaching and exam formats, the grading scale and the academic calendar very different from what you are used to.
Read about everything you need to know as an international student studying at CBS on For internationals > Academic information
Entry requirements
Admission in numbers
Entry requirements
You are qualified for admission to the study programme if you fulfil the following requirements.
Please note that fulfilling the requirements does not guarantee you a study place.
1. Bachelor degree
2. Language requirement
3. Academic requirements
1. Bachelor degree
You must hold a bachelor degree to fulfil the general requirement for admission to CBS’ master programmes. You must have completed your bachelor degree before study start.
Legal claim
No applicants have a legal right of admission to this programme as it is not the natural progression for any bachelor degree.
Have you not yet completed your bachelor degree?
You can apply for admission even if you have not yet completed your bachelor’s degree. However, you must finish it before study start. If you are offered a place, you will be conditionally admitted, which means:
- You must complete your bachelor’s degree before you can begin your studies at CBS.
- You must upload your bachelor diploma and transcript no later than 31 August.
2. Language requirement
English level A (Panel content)
The language requirement
The language requirement is English at Danish level A.
Documentation deadline
You must fulfil and document the language requirement before the application deadline.
Check if you fulfil the language requirement
Use the tabs above to find out how you can document English level A. Each tab shows an approved way to fulfil the requirement, depending on your background.
We only accept the qualifications and documents listed on this page.
Danish upper secondary exam (Panel content)
Required courses and levels
Danish upper secondary exam or
If you have passed English level A from an upper secondary school in Denmark (ie. stx, hhx, htx, hf) you fulfil this requirement.
English level A must be passed with a minimum grade point average of 2.0.
Supplementary upper secondary courses
English A as a single subject via secondary school supplementation (Gymnasialt suppleringskursus (GSK)) or as a Higher Preparation Examination single subject (HF-enkeltfag).
English level A must be passed with a minimum grade point average of 2.0.
Individual competency assessment (IKV)
If you think you have language competences corresponding to an English level A, you have the possibility to request an assessment - Individuel Kompetencevurdering (IKV) from a Danish VUC (adult education centre).
Required documentation
Danish upper secondary exam or supplementary upper secondary courses
Upper secondary (ie. stx, hhx, htx, hf) certificate:
- a scan/photo of the original, stamped and signed hard copy or
- a digitally signed certificate downloaded from Min Kompetencemappe
Individual competency assessment (IKV)
Official IKV assessment
Other upper secondary exams (Panel content)
Find your country
Austria
Required courses and levels
English as a first foreign language, min. 11 weekly hours accumulated during the final three years of the Oberstufe.
Required documentation
Reifeprüfung diploma certificate including Stundentafel covering (min.) 4 years of the Oberstufe OR
Reife- und Diplomprüfung diploma certificate including Stundentafel covering (min.) 5 years of the Oberstufe.
International Baccalaureate (IB)
Required courses and levels
- English A1, higher level
- English A2, higher level
- English B, higher level
- English A1, standard level
- English A2, standard level
- English A Language and Literature, higher level
- English A Language and Literature, standard level
- English A Literature, higher level
- English A Literature, standard level
Required documentation
Official IB diploma and/or transcript. Alternatively, you can give CBS access to your results via IBO.org.
European Baccalaureate (EB)
Required courses and levels
• L I
• L II
• L III – 6 years (documentation for 6 years must be included)
Required documentation
Official EB diploma and/or transcript
Australia
Required courses and levels
A complete upper secondary education from Australia, where the majority of the education has been taught in English, fulfils the English A language requirement.
Required documentation
Senior Secondary Certificate of Education (SSCE) as well as Statement of Result or Record of Achievement or Qualifications Certificate, covering subjects and grades during the last two years of the secondary education.
Bulgaria
Required courses and levels
English as first foreign language (556 number of classes) AND English Intense Study (648 number of classes)
Required documentation
- Diploma za (Zavarsheno) Sredno Obrazovanie / za Sredno Obrazovanie and
- Grade transcript for Years 10, 11 and 12
Canada
Required courses and levels
A complete upper secondary education from Canada, where the majority of the education has been taught in English, fulfils the English A language requirement.
Required documentation
High School Diploma / Graduation Diploma (or equivalent for your province) as well as Transcript of grades / High School Results (or equivalent for your province)
England, Wales, Northern Ireland
Required courses and levels
- A complete upper secondary education taught in England, Wales or Northern Ireland or
- A level English Language or
- A level English Literature
Required documentation
- GCSE certificate(s) (with a min. of 6 subjects) as well as A-level (Advanced level) certificate(s) (with a min. of 3 subjects) both taken in the UK or
- Official A level certificate for either English Language or English Literature
Germany
Required qualifications
English passed (5 points or higher) as a higher level course (either erhöhtes Anforderungsniveau or Leistungskurs) in both the Qualifikationsphase (half-year results) and the Abiturprüfung (Prüfungsfach) as part of the Abitur.
Courses marked erhöhtes Anforderungsniveau or Leistungskurs may be designated in a number of different ways such as:
- L or LK or Leistungskurs
- P or Profilfach
- K or Kernfach
- eA or erhöhtes Anforderungsniveau
- E and designated as erhöhtes Anforderungsniveau in the certificate legend
- HF or Hauptfach
- PF or Profilfach
- Highlighted in grey and and designated as Leistungsfächer in the certificate legend
For applicants with a Waldorfschule/Rudolf Steiner Schule Abitur or Deutsche Internationale Abitur/prüfung (DIA/DIAP) please contact graduateadmission@cbs.dk for more information
Required documentation
All pages of your Zeugnis der Allgemeinen Hochschulreife (Abiturzeugnis): cover, diploma and report card for all 4 half-years showing the Qualifikationsphase as well as the Abiturprüfung
Iceland
Required qualifications
For upper secondary studies completed according to the 2008 reform:
Minimum 25 Fein (new credits) obtained in English; of these, minimum 15 Fein must be at Þrep (qualification level) 3 or higher
For upper secondary studies completed according to the 1999 reform:
- Minimum 18 einingar (old credits) obtained in English; minimum one English subject must be at level 6 or higher (e.g. ENS 603)
Required documentation
Official transcript (in Icelandic) for Stúdentspróf
NB: Letters issued by the institution that do not list the names, module codes, grades and codes/points for all the passed courses are not accepted.
Ireland
Required qualifications
A complete upper secondary education from Ireland, where the majority of the education has been taught in English, fulfils the English A language requirement.
Required documentation
The Established Leaving Certificate Examination (Leaving Cert) with a min. of 6 subjects total
Malta
Required qualifications
A level
Required documentation
Matriculation Certificate and Advanced Level Certificate og Intermediate Level Certificate
New Zealand
Required qualifications
A complete upper secondary education from New Zealand, where the majority of the education has been taught in English, fulfils the English A language requirement.
Required documentation
National Certificate of Education Achievement (NCEA) levels 1 and 2 and 3
Norway
Required qualifications
The following combinations from the Norwegian upper secondary education courses must be passed:
VG3 SPR3010 & SPR3011
or
VG3 SPR3012 & SPR3013
or
VG SPR3031 & SPR3032
Required documentation
Official transcript for the Vitnemål for videregående opplæring
Scotland
Required qualifications
A complete upper secondary education from Scotland, where the majority of the education has been taught in English, fulfils the English A language requirement.
Required documentation
Scottish Qualification Certificate as well as Summary of Attainment, Detail Record of Attainment and Profiles
Singapore
Required qualifications
A complete upper secondary education from Singapore, where the majority of the education has been taught in English, fulfils the English A language requirement.
Required documentation
Singapore-Cambridge GCE A-level exam certificate with a min. of 4 (H1, H2 and H3) exams total, as well as General Paper and Project Work
South Africa
Required qualifications
A complete upper secondary education from South Africa, where the majority of the education has been taught in English, fulfils the English A language requirement.
Required documentation
National Senior Certificate (Matric/Matriculation Certificate) as well as grade transcript covering subjects and grades during all three years of studies
United States
Required qualifications
A complete upper secondary education from South Africa, where the majority of the education has been taught in English, fulfils the English A language requirement.
Required documentation
High School Diploma as well as High School Grade transcript (covering all four years’ worth of subjects and grades) taken in the US.
Language tests (Panel content)
Language tests
TOEFL
TOEFL internet-based test (iBT)
A TOEFL iBT test result of at least 94 with minimum 20 in each discipline is required.
Your scores are only valid if they are no more than two years old by the application deadline and have been shared with CBS.
TOEFL iBT Home Edition is accepted.
MyBest scores are not accepted.
Required documentation
Your TOEFL scores will be verified in the TOEFL database. You must list Copenhagen Business School as one of your score recipients when you sign up for the TOEFL test, or order a score sheet for Copenhagen Business School if you have already taken the test. The TOEFL institution code for CBS is 7035.
You must upload either your digital copy, or a scan of your hard copy, TOEFL score sheet to the Application Portal.
IELTS
IELTS Academic test
An IELTS academic test result of at least 7.0 with minimum 6.0 in each discipline is required.
IELTS test results that are more than two years old by the application deadline are not accepted.
IELTS Online is accepted.
IELTS One Skill Retake scores are not accepted.
Required documentation
Your IELTS results will be verified in the IELTS database. Please instruct your test centre to make your results available to Copenhagen Business School, either when you book your IELTS test or after the test date.
You must also upload a scan of your IELTS test report form to the Application Portal. If you have not received the physical test report form, you can upload a document with the "Test Report Form Number" (TRF Number) so we can verify your scores.
Cambridge
Cambridge C2 or C1 examination
A Cambridge C2 Proficiency (Certificate of Proficiency in English) passed with min. C, corresponding to a score of minimum 200, or a Cambridge C1 Advanced (Certificate of Advanced English) passed with minimum C AND a score of minimum 185 is required.
Required documentation
You must upload your Cambridge C2 Proficiency (CPE) or Cambridge C1 Advanced (CAE) Statement of Results and/or Certificate.
Your results are only valid if they can be verified through the Candidate Results Website. Make sure to register for the service and share your results with Copenhagen Business School. There is no expiration date on the validity of the CPE/CAE exam results.
CBS bachelor degree (Panel content)
English-taught bachelor degree from CBS
Applicants with an English-taught bachelor degree from CBS who continue their studies in English at master level have already had their qualifications checked and do not need to upload additional documents.
Danish-taught bachelor degree from CBS
If you have a Danish-taught bachelor degree from CBS, you must document that you fulfil English A. We did not check your English A qualifications when you applied for your bachelor degree, as it was not a requirement for a Danish-taught programme.
3. Academic requirements
Your educational background will be assessed individually to determine whether your bachelor degree qualifies you for the programme and whether you fully cover the academic areas listed below as required.
The academic entry requirements are a min. sum total of 30 ECTS across one or more of the following areas:
- Economics (economic theory, micro/macro economics, international economics, monetary economics and the like)
- Quantitative methods (statistics, econometrics, mathematics and the like)
- Finance (corporate finance, investment analysis, international finance, derivatives and the like)
Check if you fulfil the academic requirements
Advance assessment (Panel content)
Check the advance assessments
CBS Admissions cannot make a pre-assessment of your individual qualifications before you apply for admission.
Find your bachelor programme
Instead, we have assessed a number of bachelor programmes. In these so-called advance assessments, you can see whether your bachelor degree fulfils the academic entry requirements.
An advance assessment shows whether the obligatory courses in your bachelor programme fulfil the academic requirements for a master programme at CBS.
We typically prepare an advance assessment when many applicants from the same bachelor programme apply for the same master programme.
You can find them by clicking on the tabs above.
Missing courses?
If you are missing courses, you may be able to fulfil the requirements through relevant elective courses or supplementary courses.
See what to do if you are missing courses to fulfil the academic requirements.
No advance assessment?
If your bachelor programme is not listed under the tabs above, you can make your own assessment of to what extent you meet the entry requirements through the courses you have taken in your bachelor programme and any supplementary courses.
Use the form below.
CBS (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
HA(mat.)
Enrolled in 2022 or 2023
HA Almen
Enrolled in 2022 or 2023
BSc in International Business (regular programme and GLOBE)
Enrolled in 2022 or 2023
BSc in International Business (Global Supply Chain and Logistics)
Enrolled in 2022 or 2023
BSc in International Business and Politics
Enrolled in 2022 or 2023
BSc in Business Administration and Service Management
Enrolled in 2022 or 2023
BSc in International Shipping and Trade (regular programme)
Enrolled in 2022 or 2023
BSc in International Shipping and Trade (Global Supply Chain and Logistics)
Enrolled in 2022 or 2023
BSc in Business Administration and Sociology
Enrolled in 2022 or 2023
Denmark (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
AU - BSc oecon (Økonomi)
Enrolled in 2022 or 2023
AU - BSc scient.oecon./Bachelor i Matematik-Økonomi
Enrolled in 2022 or 2023
AAU - Bachelor i Økonomi
Enrolled in 2022 or 2023
KU - Bachelor i Matematik-Økonomi
Enrolled in 2022 or 2023
SDU - BSc oecon (Økonomi)
Enrolled in 2022 or 2023
SDU - BSc scient.oecon./Bachelor i Matematik-Økonomi
Enrolled in 2022 or 2023
HA Almen (AU, SDU, RUC, AAU)
Enrolled in 2022 or 2023
Austria (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
Bachelor in Economics, Volkswirtschaftslehre - University of Vienna
Enrolled in 2022 or 2023
Germany (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
University of Mannheim - Bachelor of Business Administration, Betriebswirtschaftslehre
Enrolled in 2022 or 2023
Technische Universität München - Management and Technology
Enrolled in 2022 or 2023
Ludwig-Maximilians-Universität München - Bachelor in Business Administration
Enrolled in 2022 or 2023
Ludwig-Maximilians-Universität München - B.Sc. Economic
Enrolled in 2022 or 2023
BSc in Business Administration - Westfälische Wilhelms-Universität Münster
Enrolled in 2022 or 2023
Netherlands (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
Erasmus University Rotterdam - International BSc Economics and Business Economics
Enrolled in 2022 or 2023
Maastricht University - Degree in International Business -
No specalisation
Enrolled in 2022 or 2023
University of Amsterdam - BSc in Economics and Business Economics
Regardless of specialisation
Enrolled in 2022 or 2023
Norway (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
BI Handelshøyskolen- Bachelor i Finans
Enrolled in 2022 or 2023
BI Handelshøyskolen - Bachelor i økonomi og administrasjon
Enrolled in 2022 or 2023
NTNU - Bachelor i Samfunnsøkonomi
Enrolled in 2022 or 2023
University of Bergen - Bachelor i Samfunnsøkonomi (Economics)
Enrolled in 2022 or 2023
Sweden (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
Lund University - BSc in Business and Economics, Ekonomie Kandidatprogram
Enrolled in 2022 or 2023
Lund University - Bachelor of Science with a major in Economy and Society
Enrolled in 2022 or 2023
Stockholm School of Economics - BSc in Business and Economics, Kandidatprogram i Business and Economics
Enrolled in 2022 or 2023
Italy (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
Bocconi University - Bachelor of Economics and Finance (CLEF)
Enrolled in 2022 or 2023
Catholic University of the Sacred Heart - Bachelor in Economics and Management, Economia e gestione aziendale
Regardless of specialisation
Enrolled in 2022 or 2023
Catholic University of the Sacred Heart - Economics, Organisation and Markets, Economia delle imprese e dei mercati
Regardless of specialisation
Enrolled in 2022 or 2023
University of Bologna (Alma Mater Studiorum) - Bachelor in Business and Economics
Enrolled in 2022 or 2023
Iceland (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
University of Iceland - Bachelor's degree in Economics, 180 ECTS-points
Regardless of specialisation
Enrolled in 2022 or 2023
University of Iceland - Bachelor's degree in Economics, 120 ECTS-points (+60 ECTS-points minor)
Enrolled in 2022 or 2023
University of Iceland - Bachelor's degree in Applied Mathematics, 180 ECTS-points
Enrolled in 2022 or 2023
Reykjavik University - BSc in Economics
Enrolled in 2022 or 2023
Switzerland (Panel content)
Qualifying bachelor degrees
If you have on of the following bachelor degrees you fulfil the academic requirements for 2026:
Bachelor's degree programme Major Economics s (VWL) - University of St.Gallen
Enrolled in 2022 or 2023
Make a self-assessment
What is a self-assessment?
If there is no advance assessment available for your bachelor’s degree, you can make a so-called self-assessment of your educational background.
If there is an advance assessment of your bachelor degree showing that you are missing certain academic areas to fulfil the academic requirements, you can also use the self-assessment to show how you fulfil the missing academic areas.
Your self-assessment is not binding for us, but it can help you prepare your application and give us a better overview of your educational background.
How to make a self-assessment
Start by listing all the undergraduate courses you have taken, or are going to take, as part of your bachelor's degree or in addition to it, and compare them to the programme's academic requirements.
Read your course titles and descriptions carefully. Try to categorise the courses according to the master programme’s academic requirements.
To get an idea of how we assess each course category, you can use the course catalogue to see how we have categorised different CBS elective courses or CBS Summer University courses within each category.
Use the self-assessment form
We have created a form you can use for your self-assessment. The form is a tool to help you match your courses with the academic entry requirements for the programme and see to what extent you fulfil them.
Remember to include
- Courses you have already passed
- Courses you are currently taking
- Courses you expect to pass (e.g. supplementary courses at summer university)
Chance of admission
More applicants than places
This programme has a limited number of study places.
If there are more qualified applicants than available places, we will select the best qualified applicants. The selection is based on an overall assessment of the applicants’ educational background at bachelor’s level.
Selection criteria
In the selection of qualified applicants, we look at
- Broad and in-depth knowledge, both in terms of the number of ECTS and the diversity of courses, within the following academic areas:
- Quantitative Methods (Econometrics and/or Financial Econometrics are of particular importance)
- Economics (Advanced Economic Theory and/or Industrial Organisation are of particular importance)
- Finance (Advanced Financial Theory and/or Financial Economics are of particular importance)
- Relevance of educational background at undergraduate level, including general grade level and a major academic project or a dissertation/thesis with a substantial quantitative component
- Personal statement
Personal statement
The personal statement is your opportunity to describe yourself in relation to the master programme you are applying for.
You can, for example, describe:
- Your experience from work, studies, leisure activities or similar
- How your experience relates to the programme
- How the programme relates to your future career ambitions
Requirements for the personal statement
- Maximum 2 A4 pages
- Minimum font size 11
- In English
Connection to the Danish Labour Market
Your connection to the Danish labour market will be taken into consideration as part of the selection process. In your application, you will be asked to write a paragraph of no more than 500 characters (including spaces), describing your current circumstances and reflecting on your future career opportunities in Denmark.
Apply for admission
Info meetings about admission
Participate in the admission information meeting where we guide you through the application process and explain quota 1 and 2, language requirements and admission requirements.
Career
What gets you the job after MSc AdEF?
Navigating complexity in real life
You will be equipped to approach problems with a thorough theoretical understanding coupled with the ability to apply quantitative tools for comprehensive analysis. The combination of strong analytical skills and deep theoretical insights is the core of your competencies when you enter the job market. You will be able to solve more complex and demanding problems than what is normal at a graduate level.
Competence profile
In the competence profile you can read more about the purpose of the programme and the competencies you achieve in the programme:
What do you learn on MSc AdEF?
Strong quantitative and analytical competencies
Deep theoretical understanding of economics and finance
Problem-solving and independent research skills
Career
Graduates work in various industries such as:
- Banks – including commercial and investment banks
-
Mortgage credit institutions
-
Pension funds
-
Insurance companies
-
Asset management and investment funds
-
Central banks and regulatory authorities
-
Major consulting firms (economic, financial, and management consulting)
-
Corporate finance and strategy departments in large companies
-
Research and development units
The typical job tasks that a graduate have:
- Economic and financial analysis – analysing markets, companies, and economic trends
-
Risk management – assessing and modelling financial risks such as credit, market, or liquidity risk
-
Investment analysis – evaluating investment opportunities and portfolio strategies
-
Product development – designing new financial products such as derivatives or structured products
-
Quantitative modelling – building and applying advanced mathematical and econometric models
-
Policy analysis – assessing the impact of fiscal, monetary, and regulatory policies
-
Corporate finance tasks – analysing capital structure, valuation, and financing options
-
Consulting and advisory -providing data-driven recommendations to companies, institutions, or policymakers
Life long learning
We want you, as a student, to continue developing both personally and professionally throughout your life. CBS aims to support you in applying your knowledge in your organisation and company. Our goal is for you to keep expanding your knowledge and skills, to engage actively in organisational and societal development, and to contribute to shaping a sustainable and democratic society.
CBS and your career
With a programme from CBS, you are a step closer to pursue the career you aspire to. We work closely with a wide range of companies in Denmark because we continuously develop our programmes to match the needs of society. Read more about your career options here.
More on MSc in Economics and Finance - Advanced Economics and Finance
The AdEF programme gives you advanced knowledge of cutting-edge research and models in economics and finance. You will learn to analyse and solve real-world challenges in corporate decision-making, understand the dynamics of financial markets, and explore new ideas at the forefront of academic research.
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