Studies at University of Oulu 2013-2014

The University of Oulu offers study opportunities with a solid academic foundation ranging from 5-6 year degree programmes and master’s programmes to doctoral training. There are also several possibilities such as open university studies, executive training and continuing education for developing and maintaining skills and competencies.

In addition to a variety of student exchange programmes, international master’s degree programmes in English are offered in six fields of study, making the university an international study environment.

5-6 Year Degree Programmes

MSc (Econ. & Bus. Adm.) in Management

Profile of the Degree: 

Management is studied in the Degree Programme in International Business and Management. Companies are moving from the principles of governing and defending their territories to running the creation of new businesses. The dynamism of the business context is changing the required skills; from managing of existing businesses more efficiently towards leading the creation of newness and value. We develop our students’ skills of developing high-growth businesses. Central topics are (1) the creation and management of new business; (2) managing knowledge, learning and competencies; (3) the globalization of organizations, change and growth; (4) organizational creativity and strategic practices. Management’s teaching provides theoretical and practical tools and skills to create and manage high growth oriented business in dynamic business contexts.

The degree program in management focuses on creating understanding of the drivers and mechanisms of dynamic business contexts and the practices of creating, leading and developing business in variety of situations. In the current, most often global, business the problems should be solved collectively in cooperation with a team, stakeholders and various cooperation partners. The program aims to especially develop thinking and skills that are needed in building high-growth business and in changing the ways of behaving and direction of operations in complex settings. Our view of management could be described through a metaphor of joining a game halfway through without knowing what the game is all about or what its goals are, and yet you are expected to grasp its essence and figure out what problems needs to be solved – and then solve them. In other words, management is not an activity, where all the pieces are known before the game begins, and the right solution is arrived at simply by arranging the pieces correctly (as in a jigsaw puzzle). Rather, it is a game, whose name, pieces, rules, logic and outcome have to be decided, while it is in progress. Having the skills needed to play this game is a crucial success factor in the dynamic organizations of the digital age. The main method of teaching is solution creation to business situations by using problem-based learning.

Courses Required for the Degree: 

Degree structure

Advanced studies in major subject 60 ECTS
Studies in minor subjects 50-60 ECTS
Other university studies in order to complete required 120 ECTS

Total: 120 ECTS

Learning Outcomes: 

General Learning Outcomes

  • Analytical thinking and problem solving - students are able to solve business and/or economic problems and make business decisions
  • Business knowledge - our graduates demonstrate in-depth understanding of their own profession, and are able to use, process and analyze economic and/or business information
  • Interdisciplinary knowledge - our graduates are capable of integrating knowledge across business and other scientific disciplines in solving business/economic issues.
  • Global knowledge in business - our graduates are able to manage business activities in a global environment
  • Communication skills - our graduates demonstrate professional oral and written communication knowledge and skills appropriate for business situations

Upon completion of the Bachelor’s Degree in Management the student is able to

  • apply the basic concepts and theories of management within streams of strategic management, changing leadership and business opportunity
  • accomplish surveys, analyses and reports using scientific management research methods
  • identify and analyze problems related to management
  • communicate verbally and in writing to the target audience in different media
  • work as a responsible member in teams
  • identify needs for own professional development and exploit a variety of learning and working methods in order to constantly improve professional knowledge and skills.

Upon completion of Master's degree in Management the student is able to evaluate and apply the conceptual tools of management in order to build up a comprehensive and holistic understanding of administrative and organizational phenomena as well as practices. In addition, a student is able to build and manage growth-oriented businesses in a successful way. Therefore, he or she can apply and create knowledge about organizations so that multi-cultural needs of firms can be handled well. It means that he or she cannot only collaborate and co-create with others in a firm, but also work individually in work- and business-related interventions. In that way, he or she is experienced in a clear oral and written communication. It means a critical way of thinking that is based on up-to-date academic research. The degree provides a good qualification for doctoral studies in the fields of management. 

Arrangements for Recognition of Prior Learning: 


Modes of Study: 

The student studies full-time, corresponding to 60 ECTS per year. This equals to 1600 hours of student workload per year. The full degree (120 ECTS) can be completed in two years, studying full-time. The studies are carried out as contact teaching and learning tasks.

Language of Instruction: 

The degree can be done only in Finnish. The courses are mainly instructed in English, but the courses in minor subjects are instructed in Finnish.

Examination Regulations, Assessment and Grading: 

Assessment methods and criteria for the studies: The degree-related studies can be completed based on the curriculum. This means that the student studies the basic studies, intermediate studies, advanced studies and elective studies the curriculum contains, in accordance with the curriculum. The study units are primarily completed by attending examinations and they are assessed by the person responsible for the study unit. The assessment is based on the grades of final exams. Also other assessment methods are used, including assignments, essays, case analyses etc. Study unit descriptions give more exact information on the assessment of study units. Master’s thesis shall be written as the final work in the degree. A Personal Study Plan PSP is compiled for each student, considering student’s prior learning.

Grading: (The University of Oulu Education Regulations 17§): a numerical scale 0-5 in whole numbers or verbal grading Pass or Fail is used in assessing a completed course. When assessing doctoral dissertations and licentiate’s theses, verbal grading kiittäen hyväksytty (Approved with Distinction), hyväksytty (Approved) tai hylätty (Rejected) can be used. In numerical scale zero stands for fail.

In determining the final grade for a study module, a credit-weighted average is utilized. The grades of Pro Gradu Theses and Diploma Theses shall not be considered when determining the average of advanced studies.  Separate provisions have been laid down for assessing the proficiency in Finnish and Swedish language required in accordance with the Government Decree on University Degrees (794/2004).

Occupational Profiles of Graduates: 

Upon undergraduation the Master of Management works within tasks related to management and administration in public and private organizations. Typical duties are organizing, development and managerial tasks.

Access to Further Studies: 

After completing Master of Science degree in Economics and Business Administration the student is eligible to apply for Doctoral level studies.

Graduation Requirements: 

In order to graduate, the student is required to have passed all the courses included in the degree, to have completed the Master’s thesis and the maturity test in acceptable manner and to have handed out the degree certificate request according to the Oulu Business School graduation timetable.

In addition, the student must show the required level of Finnish and Swedish language skills according to Act (424/2003, section 6, subsection 1) and the required level of knowledge in one foreign language to be able to follow the field specific development and work in an international environment (Government Decree on University Degrees 794/2004, Language Proficiency Section 6).

Qualification Requirements and Regulations: 

All education in the University of Oulu is based on the principles of the joint European credit transfer system (ECTS) which facilitates the transparency of education and the recognition of degrees at an international level. All degrees awarded from the University of Oulu are recognised by the Finnish Ministry of Education and Culture.

The degree provides qualification to use the honorary Finnish title of “ekonomi”.The degree provides language proficiency required of personnel in public bodies in Finland, in accordance with the Language Proficiency Section 6.

Government Decree on University Degrees 794/2004, Language Proficiency Section 6: Language proficiency

1. The student must demonstrate in studies included in education for a lower or higher University degree or otherwise that he/she has attained:

(1) proficiency in Finnish and Swedish which is required of civil servants in bilingual public agencies and organizations under Section 6(1) of the Act on the Knowledge of Languages Required of Personnel in Public Bodies (424/2003) and which is necessary for their field; and

(2) skills in at least one foreign language needed to follow developments in the field and to operate in an international environment.

2. The provisions of subsection 1 do not concern a student who has been educated in a language other than Finnish or Swedish or a student who has been educated abroad. The language proficiency of such students shall be determined by the university.

3. For special reasons, the university may either totally or partially exempt a student from the requisite language skills referred to in subsection 1.



Basic information

Level of the Degree: 
Master's Degree
Duration of Studies: 
2 years
ECTS Credits: 
Language of Instruction: 
Finnish and English
Graduate Profiles: 
HR manager
Sourcing Manager
Business Analyst
Location of Instruction: 
+358 (0)294 482595
tuija.mainela (at)


Applying Information: 
The degree is part of a five-year degree programme which is applied for through the joint application system at Read more detailed information about admission requirements and applying from The Applicant’s Guide 2013.