MSc in Economics and Business Administration in Finance and Strategic Management

In MSc EBA FSM you will explore how financial tools, organisational design and strategic thinking come together to shape decision-making in companies. You will learn how to analyse risks, support key business choices and help create long-term value.

About the programme Structure Study environment Entry requirements Career

About MSc in Economics and Business Administration in Finance and Strategic Management

Level

graduate

Programme type

2-year master programme

Duration

2 years

ECTS

120

Time commitment

Full-time

Language

English

Students

150

Gender distribution – men / women

63% / 37%

Average age

24.7 years

Foreign students

46%

Topics

Economics and mathematics Organisation and management Finance

Why study MSc EBA FSM?

3 good reasons to choose MSc EBA FSM

A unique combination of finance and strategy

MSc EBA FSM brings together two powerful perspectives on business: the numbers that drive financial decisions and the strategic thinking that shapes long-term direction. You will learn how to connect insights from financial models with broader organisational and competitive challenges.It’s a rare and valuable skill set in today’s job market.

Real-world relevance and practical tools

From risk assessment to strategic planning, MSc EBA FSM prepares you to work with real business challenges. You will gain hands-on experience with financial analysis, organisational design and decision-making tools that are directly applicable in companies, consultancies and international organisations.

International environment and strong student community

The programme offers a truly international study environment with ambitious students from around the world. You will be part of a collaborative and engaged community – in and beyond the classroom. You will have the opportunity to expand your network and explore global perspectives.

“The point that made FSM stand out from the other programmes was the academic profile with a mix of both strategy and finance” Josefine
Student, MSc EBA FSM

Aspects of financial knowledge

In FSM, you will build a solid foundation in financial analysis and decision-making. You will learn to interpret key financial figures, assess different financing options and understand how companies allocate capital. Along the way, you will explore how financial knowledge shapes company strategy and impacts overall value.

Deeper understanding of financial tools

You will work with real tools to calculate and manage risk – and evaluate the potential profit and consequences of financial decisions.

For instance, you will learn how best to design the pricing and payout policy for stocks, or how to apply insight from financial markets in the selection of investment portfolios.

Organisation and governance

The way a company is organised affects everything from daily operations to long-term strategy. In this part of the programme, you will learn how ownership structures, contracts and incentive systems influence both company behaviour and financial outcomes.

How structure shapes performance

You will gain tools to analyse whether a company should produce internally or outsource, how it should compete in the market, and how to align different stakeholder interests in a cost-effective way.

“My fellow students are top notch, which has definitely benefited my motivation, my critical thinking and challenging and the development of my problem solving skills.” Timo
Student, MSc EBA FSM

Understand strategic management from theory to practice

In the strategic courses, you will explore both theoretical models and practical tools used in strategic management. This includes different leadership styles and decision-making processes that help organisations act strategically in complex environments.

Go beyond the numbers

Strategic decisions are about more than financial data. You will learn how to navigate the paradoxes and complexities that arise in real-life strategy work. You will also learn how to combine financial insight with a broader understanding of the organisation.

Use insights from across the company

You will explore how different parts of a company, such as logistics, learning processes and financial functions, contribute to strategy. This holistic view helps you design solutions that are realistic, informed and aligned with the company’s overall direction.

Compete globally with strategic thinking

You will learn to create strategies for global sourcing and international growth. This includes understanding how to leverage competitive advantages. It could be through suppliers, internal capabilities or the benefits of operating in different locations worldwide.

See the programme regulations for MSc EBA FSM

See you in February 2027

Are you considering a master programme at CBS? Then come to our next Open Day and learn more about your options.

Master events

See upcoming events that can help you with your study choice and admission.

Event

Open day for master programmes 2027

Date:

4 February 2027

Location:

Solbjerg Plads 3, 2000 Frederiksberg

Are you considering a master programme at CBS? Come visit us for Open Day and hear what your options are. Here you can meet students and staff, pose your…

View event

Structure

Organisation and management

You learn how leadership, collaboration, and organisational design influence strategy and results. Organisation and management in Finance and Strategic Management focus on how structures and decisions create alignment between people, performance, and long-term goals.

Finance

You learn how financial analysis supports strategy and decision-making in organisations. Finance in Finance and Strategic Management focuses on investment, valuation, and financial management as drivers of sustainable performance and competitiveness.

Economics and mathematics

You learn to use economic theory and quantitative models to analyse and support strategic and financial decisions. Economics and mathematics in Finance and Strategic Management provide an analytical foundation for understanding markets, performance, and value creation.

MSc EBA FSM

Organisation and management – 35%

Finance – 35%

Economics and mathematics – 30%

3 things to consider

Comfortable working with numbers and theory?

MSc EBA FSM requires you to engage with both financial models and strategic thinking. You will be expected to handle calculations, interpret financial data and use quantitative tools – but also to understand and reflect on complex organisational and strategic challenges.

Ready for an academic workload?

The curriculum is demanding, with a mix of theoretical reading, case-based learning, and hands-on financial analysis. From the beginning, you will need to apply your skills in maths, statistics and economics. If you are not already comfortable in these areas, it is a good idea to refresh your knowledge before the programme starts.

hrive in an ambitious and collaborative environment?

MSc EBA FSM students are typically highly motivated and academically strong. The study environment is international, fast-paced and shaped by discussion, cooperation and mutual support. You should be ready to contribute actively, both in class and through group work .

Programme overview

1st semester

1st year

2nd semester

1st year

3rd semester

2nd year

4th semester

2nd year

Options during the programme

During the programme, you have various opportunities to create your own academic profile.

Electives

On the 3rd semester, you can choose to study courses of your specific interest. 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 Courses at master level.

Minor

On the 3rd semester, you can also choose to study a so-called minor. A minor is a package of electives within a specific academic area. Typically, it consists of 3 courses. By taking a minor, you strengthen your competences within a specific area of interest, and you can use it to qualify for specific jobs or industries.

See the current selection of CBS minors on Minors.

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.

Internship

You can choose to replace some of your electives with a so-called academic internship. The academic internship consists of an internship period at a company, which is then completed with a project report. You can do the internship at a company in Denmark or abroad.

When doing an internship you get the opportunity to relate theory to practice and reflect on the academic training you receive at CBS in a practical setting. Therefore, the project report and work assignments during your internship have to be relevant to your study programme.

CEMS

On FSM you can apply for the CEMS - Master in International Management programme. CEMS MIM is a double degree programme, which gives you the opportunity to add a second degree in international management to your CBS degree. This means that you will get both the MSc degree and the CEMS in International Management degree.

CEMS is a 1-year programme, which you study in combination with your CBS degree in your 3rd and 4th semester. Part of it takes place at one of the other CEMS universities abroad.

Learn more about CEMS / Master in International Management.

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.

“At MSc EBA FSM, there is not a lot of group work before the very last project on the 2nd semester. This means that you actively have to find your own study buddies, and I would recommend you to find at least one person to discuss the courses with. ” Josefine
Student, MSc EBA FSM

See you in February 2027

Are you considering a master programme at CBS? Then come to our next Open Day and learn more about your options.

Study environment

Many international students

The programme has an annual intake of about 150 students and roughly half of these are international students. The international students are a mix of people from the Nordic countries, Europe and other parts of the world.

Ambition and passion

The students are usually very ambitious. At times this can create an atmosphere of competition. But mostly of cooperation, as the students have a strong passion for finance and are eager to use each other for discussing and understanding different aspects of it.

Be social and build a network

The students are traditionally active both in and outside the classroom. Both when it comes to discussions in class and to student events. Consider building good social relationships with your fellow students as it helps to build a strong professional network for the future.

Meet the students

Josefine

“ Coming from a bachelor with a stronger focus on management and strategy, I would definitely allocate more time to the financial courses. ”

Programme: MSc EBA FSM

From: Hellerup, Denmark

Age: 23

Educational background: HA PRO, CBS

Why did I choose my programme (and CBS)?

I decided to pursue a master’s at CBS after doing my bachelor’s at CBS, because this made me able to focus on the courses and learning, instead of focusing on administrative elements about how everything works, e.g., IT systems, exams etc.

When choosing which programme I wanted to pursue, I made a clear list of the elements that I wanted to get out of my two last years of studying. The point that made FSM stand out from the other programmes was the academic profile with a mix of both strategy and finance.

What do I like the best?

As mentioned, I see the academic profile as a unique trait to FSM. I would also like to mention the social profile of the programme. There is a short introduction week when you start, and then we have the student organisation FSM Society that arranges social events, i.e. parties and dinners and corporate events, where we connect with Danish companies to learn more about the career opportunities.

This is a great initiative since everyone gets to engage socially with other students on the programme and also network with a potential future employer.

How do I experience the difference in academic level between my bachelor and master programme?

I experience a higher academic level on the master’s than on my bachelor’s. A lot of the subjects progress on some of the basic subjects that I learned on my bachelor’s, but there is for sure a bigger curriculum and higher expectations at the exam. Especially for the financial courses, I would take more time to understand the exercises that are provided throughout the course and use my peers to study together.

What are the biggest challenges in my programme?

One of the biggest challenges I have experienced is the balance between my student job and classes. I learn a lot at both places, so it is always a trade-off between how I should spend my time.

Another challenge is finding the right study buddies. I used my first semester, studying with a lot of different people from my programme, to find people whom I enjoyed studying with and where we all learned something and had similar academic ambitions.

What would I have liked to have known before starting my programme?

At MSc EBA FSM, there is not a lot of group work before the very last project on the 2nd semester. This means that you actively have to find your own study buddies, and I would recommend you to find at least one person to discuss the courses with.

I would have appreciated a deeper understanding of the level of the financial courses. Coming from a bachelor with a stronger focus on management and strategy, I would definitely allocate more time to the financial courses.

What do I want to do after finishing my programme?

Overall, I really want to work with finance, strategy and sustainability, which I think this programme enables me to do through the mandatory courses and the electives on the 3rd semester. I think FSM is a great steppingstone for a lot of different careers due to the mix of finance and strategy. I hope to start out my career in management consulting to get to know different industries and gain a professional toolbox, and then from there decide on a more specific direction later in life.

If I could give myself a piece of advice, before starting it would be…

Make time in the beginning to make new friends from your programme and get to know the academic requirements. It will always be an advantage to have some friends you can study for the exam with, share notes with, do the business project together with etc. - it just makes it a little more fun.

As mentioned, the academic level will increase when you go from bachelor’s to master’s, so take some time to familiarise yourself with the courses and their requirements.

Timo

“ On the second year there is nearly an infinite amount of options. It took me a while, but I finally decided to go on exchange instead of choosing a minor at CBS or joining the CEMS double degree programme. ”

Programme: MSc EBA FSM

From: Frankfurt, Germany

Age: 23

Educational background: BSc EBA in Finance and Accounting, Johann W. Goethe University Frankfurt

Why did I choose my programme (and CBS)?

I decided to choose the master’s in Finance and Strategic Management because it is a unique, equally weighted mix of both financial and strategic courses.

Aside from the specific study programme, CBS was on top of my list anyways. Not only Copenhagen with its outstanding living standard but also the mix of international and Scandinavian students, the university’s reputation within and outside of Denmark and the corporate partners convinced me.

What do I like the best?

It’s the people! Our teachers are all highly motivated and some of them even leading international academics in their field with major publications. Our CBS staff is very helpful with whatever issue occurs and available either via phone, email or in-person. And, finally, our fellow students have proven themselves being the top of the notch, which has definitely benefited my motivation, my critical thinking and challenging and the development of my problem solving skills.

How do I experience the difference in academic level between my bachelor and master programme?

Through my bachelor programme in finance and accounting in Germany, I believe that I was very well prepared from an analytical perspective. The finance courses certainly need some pre-knowledge, but throughout the first weeks of the 1st semester, the teachers try to bring everybody to the same level.

For the strategy courses, I undeniably felt a difference. The readings shifted from Harvard Business Review in the bachelor’s to more theoretical, SMJ or Journal of Management articles in master’s. Yet, the additional effort was manageable.

What are the biggest challenges in my study programme?

Reflecting back, I see two major challenges I encountered. The first year required a lot from me as an international student: get used to the Danish culture (and weather), understand the teachers’ expectations, but also find a fair work-study-life balance.

The other challenge regards the second year. There is nearly an infinite amount of options. It took me a while, but I finally decided to go on exchange instead of choosing a minor at CBS or joining the CEMS double degree programme.

What would I have liked to have known before starting my programme?

That there is much more to CBS than just one campus. Because all courses during the first year were held in one building, my fellow (international) students and me spent little time in the other buildings. Honestly, now while writing my master’s thesis, I figured out: Dalgas Have isn’t even that bad! Kilen is great for a quick group meeting. And Solbjerg Plads has some cool spots for learning and hanging out as well.

What do I want to do after finishing my programme?

After completing my bachelor’s in finance where I took any available finance course out there, my current plan is a huge plot-twist: I want to do strategy! Currently, I am working in internal strategy at a quite young company but could likewise imagine switching perspectives and join one of the big consulting houses for external strategy work.

It was the master’s programme and my professional experience that have shown me: crunching numbers is fun. But bringing numbers into a business context to shape the future is where my passion lays.

If I could give myself a piece of advice, before starting it would be…

CBS is more than a place for studying and writing exams. There are so many social and professional events organised throughout the year, sometimes with and sometimes without corporate partners. In addition, there are student clubs for nearly every hobby you could ever imagine. I would suggest myself to push myself a little further outside my comfort zone. Why not starting a new sport? Or joining an expert presentation about psychology or biotech?

Teaching and exams

Teaching

There is a certain degree of progression between the courses in the first year. Corporate Finance and Strategic Management are essential for understanding the founding concepts, and several of the other courses build on knowledge from these two.

Classes are often lectures combined with exercises. For the lectures, the whole cohort is together, but for the exercises the class is usually divided into two or three groups to make better room for questions and discussions.

As with all lectures, student interaction is important, and the quality often depends on the attitude of the students and their willingness to participate. Fortunately, there is a good tradition for this in this programme, and students are encouraged to keep it up as this greatly increases the learning output and overall satisfaction.

Read more about Teaching and working methods.

Exams

The programme uses a mix of exam types such as written exams, 24-hour cases and essays.

In the second semester there is also an extended group project, where you go in more depth with a relevant topic and problem.

Read more about Exams.

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.

Time consumption

Workload

On the master’s programme, you will work more independently than on the bachelor’s programme, and teaching places greater emphasis on preparation as well as in-depth individual study.

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.

Hectic around exams

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

Most programmes are quite flexible in terms of combining studies with a student job. 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 International students

In need of special support?

Do you have a disability such as dyslexia, anxiety, autism, ADHD, long-term effects of concussion or another physical, psychological or neurological disability?

Then you have the opportunity to apply for Special Educational Support (SPS) and special conditions while studying.

This ensures you can study on equal terms with your fellow students.

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

You must have a bachelor degree before study start.

2. Language requirement

You must fulfil the language requirement before the application deadline.

3. Academic requirements

You must fulfil the academic requirements before study start.

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 Danish upper secondary exam Other upper secondary exams Language tests CBS bachelor degree

Find your country

Only the exact qualifications listed below fulfil the English A language requirement.

In your application you must upload the exact documentation described below, as proof that your upper secondary qualifications fulfil the language requirement.

If you do not have one of the upper secondary qualifications below, you will need to take a language test.

Austria

Required courses and levels

Minimum total sum of 11 weekly lessons over years 10, 11 and 12 and Erste lebende Fremdsprache and Wahlpflichtgegenstände in English language. Subjects that are taught in English even as Wahlpflichtgegenstände do not count.

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 transcript issued by IBO. Alternatively, you can give CBS access to your results via IBO.org.

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

*If you have had English as a Kernfach your Abiturzeugnis needs to state that this means you have had English at either erhöhtes Anforderungsniveau or as Leistungskurs.

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

Required documentation

National Certificate of Education Achievement (NCEA) levels 1 and 2 and 3

Norway

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.

The following upper secondary qualifications do not fulfil English level A

The highest upper secondary level of English from the following countries does not fulfil English level A. If your upper secondary education is from one of the countries listed below, you will need to take a language test:

Belgium
Croatia
Cyprus
Czechia
Estonia
Finland
France
Greece
Hungary
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
The Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland
All non-EU countries other than Australia, Canada, New Zealand, UK, Singapore, South Africa and the US

Language tests

If you need to take a language test, your scores must be available to CBS Admissions by the application deadline at the latest.

Make sure you register for your English language test well before the deadline.It can take up to three weeks from the test date before CBS receives your results. We therefore recommend that you book your test as early as possible.

If you have already taken an IELTS or TOEFL test, remember to check the test date. The test date – not to be confused with the date your test results were issued – must be less than two years old by the application deadline. If it is older than that, we cannot accept the result.

TOEFL

TOEFL iBT/iBT Home Edition

The TOEFL iBT/ iBT Home Edition taken on or after 21 January 2026 must be passed with both

a minimum overall score of at least 5 and
a minimum score of 4.5 in each of the four different sections

For the 2026 admission round, we accept an overall score of 94 (old scale) and 4.5 (new scale) in 2026. Both of these results must be present on the certificate. The subscores must still be a minimum of 4.5 in each of the four sections.

The TOEFL iBT/ iBT Home Edition taken before 21 January 2026 must be passed with both

a minimum overall score of at least 94 and
a minimum score of 20 in each of the four different sections

MyBest scores are not accepted.

Read more about the TOEFL and how to register on ETS.org

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.

Have you already passed a test?

Remember to check that your test date is no older than two years by the application deadline.

Be aware that it is your test date and not the date your test results were issued. If your test date is more than two years old by the application deadline, your test will not be accepted.

IELTS

IELTS Academic test

An IELTS academic test result of at least 7.0 with minimum 6.0 in each discipline is required.

IELTS tests 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.

Have you already passed a test?

Cambridge

The following Cambridge exams/certificates fulfil the English A language requirement.

Cambridge C2 Proficiency (Certificate of Proficiency in English) passed with minimum C.

Read more about the CPE and how to register.
Cambridge C1 Advanced (Certificate of Advanced English) passed with minimum C and an overall score of minimum 185.

Read more about the CAE and how to register.

Documentation

In order for us to verify your results, you need to do the following:

Sign up and share your results with Copenhagen Business School via the Candidate Results Website. Your Cambridge results are only valid if we can check them on their website.
Upload your Cambridge C2 Proficiency (CPE) or Cambridge C1 Advanced (CAE) Statement of Results and/or Certificate in the application portal

The Certificate of Proficiency in English and Certificate of Advanced English have no expiration date and are valid for life.

3. Academic requirements

Academic requirements

You must fulfil the academic requirements before study start.

The academic requirements are a total of 90 ECTS-points comprising of:

45 ECTS-points in the following core academic areas, with a minimum of 5 ECTS-points within each:

Microeconomics
Organisation
Marketing
Quantitative Methods/Statistics
Accounting
Finance

and

45 ECTS-points in Business Administration and/or Economics

Examples of topics that fulfil the academic requirements

Below are examples of topics that may help you fulfil the academic requirements. The list is not exhaustive but meant to give you a better understanding of what types of courses could cover the required academic areas.

Examples

Organisation: Organisational Design, Organisational Structure, Organisational Behaviour, Human Resource Management, Personnel Management, and the like.
NB! Topics within Industrial Organisation are not included in this area

Microeconomics: Utility, Demand, Supply & Equilibrium, Measurement of Elasticities, Consumer Demand Theory, Market Structures and Market Failure.
NB! Topics within Macroeconomics are not included in this area.

Marketing: Marketing Theory, Marketing Management, Branding, Brand Management, and the like.

Quantitative Methods/Statistics: Statistics, Econometrics, Quantitative Methods, and the like.

Accounting: Financial Accounting, Management Accounting, Auditing, Tax Accounting, Controlling, Bookkeeping, and the like.

Finance: Corporate Finance, Investment Analysis, Portfolio Theory and Management, Asset Pricing, Capital Budgeting, Derivatives, Financial Risk Management
NB! Topics within International Economics, Financial Economics and Macroeconomics are not included in this area.

Business Administration: Organisation, Marketing, Quantitative Methods/Statistics, Accounting, Finance, as well as Strategy, Innovation, Supply Chain Management, General Management, and the like.

Economics: Microeconomics, Managerial Economics, Industrial Economics, Macroeconomics, International Economics, and the like.

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.

CBS elective courses
CBS Summer University

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 before study start (e.g. supplementary courses at summer university)

Download and save the self-assessment form

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.

Selection criteria

The selection process at the MSc EBA - Finance and Strategic Management is based on an overall assessment of applicants’ educational background at undergraduate level, with a focus on courses and grades within business administration and economics; grades within the academic areas constituting the academic requirements are of particular importance.

Courses and grades within microeconomics, finance and quantitative methods (including statistics and econometrics) may also be taken into consideration.

Personal statement

A personal statement is not part of the selection criteria for this programme.

If you upload a personal statement as part of your application, it will not be taken into consideration.

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

Read more about the application process, documentation and application deadlines

Admission and application

See you in February 2027

Are you considering a master programme at CBS? Then come to our next Open Day and learn more about your options.

Master events

See upcoming events that can help you with your study choice and admission.

Event

Open day for master programmes 2027

Date:

4 February 2027

Location:

Solbjerg Plads 3, 2000 Frederiksberg

Are you considering a master programme at CBS? Come visit us for Open Day and hear what your options are. Here you can meet students and staff, pose your…

View event

Admission in numbers

Study places

150

Applicants - 1st priority

1049

Foreign students

46%

Gender distribution – men / women

63% / 37%

Average age

24.7 years

Career

Competencies

This programme will give you a strong understanding of finance, as well as an understanding of the limitations of the financial models. This knowledge can be applied to any job where the ability to raise, allocate and manage finances is central. By adding the strategic perspective on this, you get an advantage when making decisions, as you have a broader perspective that takes both financial and non-financial factors as well as the strategic implications into consideration.

Many graduates find employment in financial institutions. This could be as an analyst or advisor at a brokerage or investment firm, evaluating market developments or making recommendations on whether to buy or sell a particular investment or security.

Competence profile

In the academic profile you can find more information about the various competences you achieve on the programme:

See the competence profile for MSc EBA FSM

What do you learn on MSc EBA FSM?

Make informed financial decisions

You learn how to analyse financial data, assess risk and apply financial models to real-world business challenges. This enables you to support decisions on investments, capital structure and value creation.

Understand how strategy and finance connect

You gain insight into how financial decisions affect company strategy , and vice versa. You learn to see the bigger picture by combining financial tools with strategic thinking.

Navigate complex organisations

You learn how ownership, governance and organisational structures influence decision-making. This helps you understand internal dynamics and design effective solutions across departments and stakeholders.

Career opportunities

Graduates work in various industries such as:

Financial institutions
Consulting
Corporate finance and strategy
Private equity and venture capital
tart-ups and scale-ups

Typical job tasks for a graduate:

Conduct financial analysis
Evaluate financial risks and returns
Prepare reports and presentations
Analyse market trends
Support strategic planning
Work with mergers and acquisitions

More about MSc in Economics and Business Administration in Finance and Strategic Management

About the programme

Understand what the programme is all about and why it may be the right one for you.

Structure

See the programme structure and your options along the way to shape your own academic profile and the highlighted aspects.

Study environment

Meet the students and learn more about the teaching and exams.

Entry requirements

Check the entry requirements for the programme and your chance of admission.

Career

See the skills and the type of job you will get.

Other master programmes

Curious about similar study programmes? You may find other study programmes that also match your interests and dreams for your career.

About MSc in Economics and Business Administration in Finance and Strategic Management

Why study MSc EBA FSM?

A unique com­bin­a­tion of fin­ance and strategy

Real-world rel­ev­ance and prac­tic­al tools

In­ter­na­tion­al en­vir­on­ment and strong stu­dent com­munity

Aspects of financial knowledge

Deeper understanding of financial tools

Organisation and governance

How structure shapes performance

Understand strategic management from theory to practice

Go beyond the numbers

Use insights from across the company

Compete globally with strategic thinking

See you in Feb­ru­ary 2027

Mas­ter events

Open day for mas­ter pro­grammes 2027

Structure

Organisation and management

Finance

Economics and mathematics

3 things to con­sider

Com­fort­able work­ing with num­bers and the­ory?

Ready for an aca­dem­ic work­load?

hrive in an am­bi­tious and col­lab­or­at­ive en­vir­on­ment?

Pro­gramme over­view

1st semester

Strategic Management

Corporate Finance

Theory of the Firm

Financial Market Theory

2nd semester

Corporate Strategy

Corporate Governance and Finance

Risk Management

Business Project

3rd semester

Elect­ives / Ex­change / In­tern­ship / CEMS

4th semester

Kandidatspeciale

Op­tions dur­ing the pro­gramme

Elect­ives

Minor

Ex­change

In­tern­ship

CEMS

Mas­ter's thes­is

See you in Feb­ru­ary 2027

Study environment

Many international students

Ambition and passion

Be social and build a network

Meet the students

Josefine

Why did I choose my programme (and CBS)?

What do I like the best?

How do I experience the difference in academic level between my bachelor and master programme?

What are the biggest challenges in my programme?

What would I have liked to have known before starting my programme?

What do I want to do after finishing my programme?

If I could give myself a piece of advice, before starting it would be…

Timo

Why did I choose my programme (and CBS)?

What do I like the best?

How do I experience the difference in academic level between my bachelor and master programme?

What are the biggest challenges in my study programme?

What would I have liked to have known before starting my programme?

What do I want to do after finishing my programme?

If I could give myself a piece of advice, before starting it would be…

For in­ter­na­tion­als

Teach­ing and ex­ams

Teaching

Exams

Stu­dent life at CBS

Time con­sump­tion

Workload

Hectic around exams

Student job

Studying in Denmark - for internationals

In need of spe­cial sup­port?

Entry requirements

A unique combination of finance and strategy

Real-world relevance and practical tools

International environment and strong student community

See you in February 2027

Master events

Open day for master programmes 2027

3 things to consider

Comfortable working with numbers and theory?

Ready for an academic workload?

hrive in an ambitious and collaborative environment?

Programme overview

Electives / Exchange / Internship / CEMS

Options during the programme

Electives

Exchange

Internship

Master's thesis

See you in February 2027

For internationals

Teaching and exams

Student life at CBS

Time consumption

In need of special support?

Entry requirements

1. Bachelor degree

2. Language requirement

3. Academic requirements

1. Bachelor degree

2. Language requirement

Find your country

Austria

International Baccalaureate (IB)

European Baccalaureate (EB)

Australia

Bulgaria

England, Wales, Northern Ireland

Germany

Iceland

Ireland

New Zealand

Norway

Scotland

Singapore