turku school of economics accounting and finance fees

Last Updated on August 28, 2023

Turku School of Economics (Finnish Turun kauppakorkeakoulu) is a unit of the University of Turku located in Turku, Finland. It was established as an independent higher education business school in 1950, until it was acquired by the state in 1977. It was the second largest school of its kind in Finland, with approximately 2,000 graduate and 250 postgraduate students and a staff of 350. In January 2010, Turku School of Economics became the seventh faculty of the University of Turku. Its former rector, Professor Tapio Reponen, is now a vice rector of the University of Turku.

In addition to teaching a wide variety of economic and business related subjects, the faculty conducts research on matters relating to its field, and offers consulting services to businesses. Teaching is mainly carried out in Finnish, but there are also a number of courses available in English.

As a higher education institution, Turku School of Economics had been one of the most efficient universities in terms of masters per professor.

Organisation of Turku School of Economics

Main departments

  • Department of Management
    • Management and Organization
    • Information Systems Science
    • Entrepreneurship
  • Department of Accounting and Finance
    • Accounting and Finance
  • Department of Marketing and International Business
    • Marketing
    • International Business
    • Economic Geography
    • Economic Sociology
    • Supply Chain Management
  • Department of Economics
    • Business Law
    • Economics
    • Quantitative Methods in Economics

Auxiliary units

  • Business Research and Development Centre
    • Small Business Institute
    • Pan-European Institute
    • Innomarket
    • Institute for Executive Education
    • Media Group
    • Institute for Competition Policy Studies
    • Centre for Responsible Business
  • Finland Futures Research centre
  • Pori Unit
  • Turku Centre for Computer Science (TUCS)

At the Turku School of Economics, you can study two international master’s degree programmes in English

  • Global Innovation Management
  • Futures Studies

Turku School of Economics (TSE) is part of the University of Turku and was founded in 1950 by an initiative of the local business life and this close cooperation with the business world continues still today.

We have an internationally established reputation as a highly respected business school, operating on a level of high quality and conducting relevant research. We educate entrepreneurial, innovative, and responsible leaders – experts for the future – who are capable of working in international settings.

Our school is a well-organized and internationally integrated community of almost 3,000 undergraduate and postgraduate students, 200 researchers and lecturers, and hundreds of exchange students and students complementing their education.

TSE is an accredited member of the AACSB International (The Association to Advance Collegiate Schools of Business), which is a global accreditation agency committed to advancing the quality of management education worldwide.

We at the TSE’s department of Information Systems Science educate students to become “hybrid” managers working at the intersection of IT, business, and people. Our graduates are able to communicate and work fluently with both business and IT professionals. After studying in one of our programmes, they work in IT departments as well as in IT consulting and service companies. IT project manager, systems analyst and business analyst constitute the three most common first job titles of our graduates. We offer various programmes with their major in information systems science aiming at different types of degrees:

  • Doctor of Science in Economics and Business Administration
  • Doctor of Philosophy
  • Doctor of Social Sciences
  • Master of Science in Economics and Business Administration
  • Master of Science
  • Bachelor of Science in Economics and Business Administration

Bachelor Programs

Bachelor’s programmes

At the Turku School of Economics a versatile selection of studies in economics and business is offered in four different Bachelor’s programmes:

  • Accounting and Finance,
  • Marketing and Value Chain Management,
  • International Business and Entrepreneurship
  • Economics.

If you are deciding to study Information Systems Science, you take the Marketing and Value Chain Management programme and specialise yourself in Digital Business Management. As a graduate of this programme, you will be able to identify, analyse and interpret relevant information for creating business value. Your skills will allow you to innovatively combine customers’ needs and companies’ value creation in order to form new products, services or business models. Besides, you will attain the skills to identify the key preconditions of responsible business development processes; the key components of a company’s IT infrastructure; the main functions of information systems supporting businesses; to identify and analyse IT development areas related to business operations and to apply different IS modeling methods for business development. Moreover, as a graduate of our Bachelor’s programme you will be able to analyse and describe the requirements, costs and risks of an information systems investment as well as the business benefits achieved by such an investment.

After completion of our programme, you will be awarded the degree Bachelor of Science.

Please note that a good grasp of Finnish language is required at the TSE bachelor programs, because the first year studies are offered only in Finnish. Furthermore, tuition fees apply for non-EU students. For students from EU countries, studying at the Turku School of Economics does not involve any tuition fee.

Master Programs

Global Information Technology Management

The Global Information Technology Management (GITM) programme commenced in 2003. We are proud of our international alumni network of students from Afghanistan, Austria, Bangladesh, Belarus, Bulgaria, Cameroon, China, Ecuador, Ethiopia, Finland, Ghana, India, Iran, Latvia, Malaysia, the Netherlands, Nepal, Nigeria, Pakistan, Poland, Romania, Slovenia, Russia, South Korea, Sudan, Tajikistan, Thailand, Turkey, Uganda, USA, Vietnam.

Nowadays, the GITM programme is a double-degree programme with three different options of which each is jointly provided with either the University of Tilburg (the Netherlands), the University of Passau (Germany) or the Central China Normal University (Wuhan, China).

The Core Competences of GITM

The core competence of the GITM programme coverd by our Information Systems Science department at the TSE is the information management module. It focuses on conveying knowledge and skills on management, project leadership and expert positions in the design, implementation, and service facilitation of IT. It comprises courses as Management of Information Systems ProjectsManagement of Information Systems ServicesManagement of Information Security and Enterprise Architecture. Besides the information systems module which we teach at the TSE, each partner university offers an area of specialisaton based on its expertise and profile:  Tilburg University: Information Technology for Enterprise Management (ITEM) In the ITEM specialisation, you will learn how to strategically apply IT to support business transformations in order to enable companies to achieve their strategic, tactical, and operational goals. By focusing on the capabilities needed to improve enterprise performance, this Master’s programme prepares you for an international career at the intersection of IT, business and management. 

Choosing the ITEM option, you will start your 1st year of studies at Tilburg University in February. Followed by two online courses offered by our department at the TSE during your autumn term. In January of your 2nd year in the  ITEM option, you will move to Turku to study with us at the TSE. The summer term in the 2nd year is reserved for you to do internships and research for your Master’s thesis.

For more information about the study content of this option, please visit ITEM studies at TSE.

Passau UniversityDigital Enterprise Management (DEMA)

In the joint option with Passau University in Germany, the Networked Business & Digital Ecosystems module focuses on economic and technical aspects of today’s networked and digital business environments. In the DEMA program you will learn about digitally enabled organisations and how these organizations benefit from advanced data management and digitalised networked business platforms to improve the performance of networked business ecosystems. Moreover, you learn about economic and technical aspects of digital ecosystems as well as information and communication technologies.

In the DEMA option, you will start your studies at Passau in April or October. The part of the programme taken with us at the TSE in Turku has to be completed from September to May.

For more information about the study content of this option, please visit DEMA studies at TSE.

Central China Normal University (Wuhan): Business Intelligence and Knowledge Management (BIKMA)

The BIKMA option focuses on the management of data, information, knowledge and information systems and applying this expertise for business intelligence purposes as well as management of internal products, processes and governance.

Choosing the BIKMA option, you will first study with us at the TSE and then move to CCNU.

For more information about the study content of this option, please visit BIKMA studies at TSE.

All of our international Master’s programmes are instructed in English and consist of 120 credit points. The structure of the degree and its 120 ECTS is defined during the admission process depends on the applicant’s background. Depending on this background, graduates are awarded the degree Master of Science or Master of Science in Economics and Business Administration. The successful completion of the Master’s degree makes a student eligible for doctoral studies in Information Systems Science.

Please note that the displayed tuition fee of 13.000€ is the maximum and applies to student from outside the European Union. The exact fee depends on your country of origin and the programme you choose. For further details including scholarships please visit the programmes’ websites or contact us.International Master in Management of IT

Information Technologies (IT) has become an integral part of business processes, products and services with its importance still increasing. The International Master in Management of IT (IMMIT) programme addresses this development, its chances and challenges. The IMMIT programme is designed to prepare students to become “hybrid” managers who can act as intermediaries between business users and IT specialists in international environments. It teaches integrative skills required for effective use of IT in order to support international businesses and their operations and management.

The IMMIT programme is jointly offered by three different business schools around Europe. The IAE Aix-Marseille Graduate School of Management at the Aix-Marseille Université (France), the Turku School of Economics at the University of Turku (Finland) and the School of Economics and Management at Tilburg University (The Netherlands). It consists of 120 ECTS which are to be completed in 2 years of full-time studies.

The programme started in 2007 and each year, a group of approx. 15 students from all over the world start their studies in one cohort. One of these cohorts was formed by students having up to 14 different nationalities. This experience of studying in a culturally divers cohort is the very unique aspect of the IMMIT programme. It means that you will start and finish the programme with the same group of students which moves each semester to a new European location: starting in France, continueing in Finland and finishing your studies in the Netherlands. Your last semester will be devoted to thesis work, which includes an internship in an internationally operating company. This internship could be anywhere in the world, although most IMMIT students find an internship position in Europe.

After completion, students are awarded Master’s degree from each partner university. From Univeristy of Turku the degree is Master of Science in Econoomics and Business Administration. The successful completion of the Master’s degree makes a student eligible for docotral studies in Information Systems Science.

Please note that the displayed tuition fee of 13.000 € is the maximum and applies to student from outside the European Union. The exact fee depends on your country of origin. For further details including scholarships please visit the programme’s website or contact us.

PhD Programs

Doctoral programs at Turku School of Economics

Doctoral training at the Turku School of Economics (TSE) offers you access to high-quality and interdisciplinary doctoral training in business, economics and future studies. As part of an internationally acknowledged university, the TSE provides a multicultural and multidisciplinary environment for your doctoral studies. Course work and doctoral research are conducted within highly collaborative professional networks of international scholars and doctoral candidates.

In our Information Systems Science department, we work in close collaboration with other units of the Turku Centre for Computer Science. To apply, you will need to fulfill official eligibility criteria for doctoral studies at Turku School of Economics. Due to our limited supervision resources, we hope that your research interest falls into one of our main research areas:

  • Management of Information Systems and Business Information Systems
  • Networks and Business Models
  • Work Informatics
  • Wellbeing and Healthcare Information Systems

If you plan to apply for our doctoral program, it is important that you acknowledge that one should conceive doctoral studies in Finland as a stepping stone to an international academic career, because the career expectations in academia in Finland are limited due to the small number of research positions and thus, high competition at Finnish universities. Moreover, access to the Finnish labour market is difficult for international applicants who do not speak Finnish.

Turku School Of Economics Ranking

TSE is ranked among the top 1% of the world’s 20 000 business schools. The accreditation by the AACSB International is a guarantee of high-quality education.

Turku university ranking

Institution NameUniversity of Turku
Native NameTurun yliopisto
World Rank339
National Rank2

University of turku tuition fees for international students

Ranking262 2
World ranking262
Bachelor (foreigners)1,000 USD/year.
Master (foreigners)13,841 USD/year.
Living expenses$612 -1,235 USD/month

Turku school of economics accounting and finance

Accounting and finance is the largest subject in the Turku School of Economics by several indicators (i.e. number of majoring students, number of completed Master’s theses and the amount of academic credits).

Research and teaching in accounting and finance covers the areas of management accounting, financial accounting (including auditing) and finance. The fundamental issues within accounting and finance are profitability of economic units, cost efficiency, the balance of finance and generating information to meet the needs of investors, financial markets and other stakeholders.

A knowledge about accounting and finance is exactly what companies expect students with MSc in economics and business administration to know.

Accounting and finance BSc degree program provides a basic level but comprehensive academic foundation for working in supportive role in financial management and finance positions. BSc degree program gives the student a broad and comprehensive professional basis about financial accounting and auditing, management accounting and finance. 

Accounting and finance MSc degree program gives the student excellent capabilities to work in responsible and extremely demanding positions within financial management and finance. This covers different international financial management and finance positions and demanding professional positions such as a certified auditor, investment/credit analyst or CFO.  In the MSc degree program the student deepens his knowledge and skills in accounting and finance. In the degree program students choose one of the three areas of specialization: financial accounting and auditing, management accounting or finance.

Accounting and Finance: Basic and Subject Studies92-100LRYA Bookkeeping3LRYB Cost Accounting4LR01 Financial Accounts and Tax Planning5LR02 Foundations of Management Accounting5LR03 Basic Course in Finance5LR04 Accounting and Organizational Decision Making5LR05 Intermediate Finance5LR06 Management Accounting and Organizational Control(in English)5LR07 COST MANAGEMENT(in English)3LR07 IAS/IFRS-Financial Reporting Standards3LR07 Corporate Responsibility Reporting(in English)2KT5/LR07,7 Monetary Economics6KT042113 KT19/TM47/LR07,8 Real Estate Investment6LR07 ETHICAL ISSUES IN FINANCE AND RESPONSIBLE INVESTING(in English)3LR07 Special Course in Accounting2-6LR8 Business Analysis and Valuation4LR09/TJ6 Accounting Information Systems3LR10 Consolidated Accounts3LR11 The Foundations of Auditing4LR15/SV13/EN16 Investor Relations and Communication(in English)4LRK Bachelor’s Thesis of Accounting and Finance10Practical Training in Accounting and Finance, Intermediate Level2-6Accounting and Finance: Advanced Special Studies183-187LRS1 Financial Accounting Theory6LRS2 Advanced Management Accounting6LRS3 Management Accounting6LRS3 Financial Accounting and Auditing6LRS3/TKMS12 Derivative Markets and Instruments(in English)6LRS5 Advanced Financial Accounting(in English)6LRS6 Advanced Auditing6LRS8/TJS11 CONTINUOUS AUDITING AND IT4LRS10 Financial Risk Management(in English)4LRS12 Advanced Strategic Management Accounting(in English)6LRS13 Advanced Management Control Systems(in English)6LRS14 Intellectual Capital Measurement and Management6TKM7/LRS22/KT35 Basics of Econometrics6TKM11/LRS23 Quantitative Methods in Finance6LRS25/TKM9 Financial Modeling and Simulation(in English)6KTS14/TKMS11/LRS26 Corporate Finance6LRS28/TKMS13 Advanced Corporate Finance(in English)6TKMS10/KTS13/LRS29 Mathematical Finance6TKMS8/KTS12/LRS30 Interest Rate Derivatives and Valuation6LRS31/KTS16/TKMS14 Asset Pricing and Portfolio Theory(in English)6LRS34 Financial Econometrics(in English)6LRS35 Professional Integrity2Time Series Analysis6TKMS2 Applied Time Series Econometrics6YSM/LR Research Process and Qualitative Methods, Exercises(in English)5YSM Research Process and Qualitative Methods, Lectures and Books(in English)1TKMS7 Statistical Multivariate Analysis3Master’s Thesis, Accounting and Finance30Thesis Seminar of Accounting and Finance6Practical Training in Accounting and Finance, Advanced Level2-6

Turku School Of Economics Accounting And Finance Fees

Ranking262 2
World ranking262
Bachelor (foreigners)1,000 USD/year.
Master (foreigners)13,841 USD/year.
Living expenses$612 -1,235 USD/month

University of turku masters in economics

Turku School of Economics is among the most popular business schools in Finland, and we top the application statistics every year. Business administration degree studies take place at two campuses, Turku and Pori.

Turku School of Economics is among the 5% of the business schools worldwide, which have earned the highly valued AACSB Accreditation. We have been accredited since 2019 and are committed to continually improve the quality of education we offer. High-ranking. Prominent. Welcoming. Unique.These are some of the words to describe Turku School of Economics. Year after year, TSE continues to be one of the most eligible and selective business schools in Finland. What is it that makes TSE such an attractive study environment?High-ranking

TSE is ranked among the top 1% of the world’s 20 000 business schools. The accreditation by the AACSB International is a guarantee of high-quality education. We provide education based on extensive expertise in business administration, economics and future studies. Our undergraduate and graduate degrees are divided into five degree programmes including Accounting and Finance, International Management and Entrepreneurship, Marketing and Value Chain Management, Economics and Business Competence. Our international degree programmes have a strong emphasis on future studies, innovation management and IT operations.

Our students find the study environment motivational and inspiring. We apply the process of assurance of learning on all of our study modules to endorse learning. Every student has the possibility to affect the curriculum and teaching, as student feedback is a key factor in further developing our curriculum. Also, student feedback is a central part of our quality system. Our quality system on education has received positive feedback from an international peer review team.Prominent

TSE is a well-established and prominent institution, and our alumni find employment with ease. The high rate of employment among our alumni is an undeniable indicator of the high quality and profitability of our tuition. Our vast network of alumni is at your disposal already during your studies, and you may eg. apply for a mentor to help you get started with career planning. It is also possible to include an internship in your degree.

We educate experts to work in executive and developmental positions in business and in the public sector. Our alumni are team-oriented, multilingual experts and analytical thinkers, who apply responsible and foresighted approaches in their everyday work.Welcoming

The TSE community is friendly, close-knit and open. We are proud of our multicultural line-up, which includes also international degree students and foreign exchange students. The annual intake to our international degree programmes is about 50 new students, whereas each academic year some 150 foreign students come to TSE for a student exchange. Also, our Finnish students are required extensive language studies as a part of their degree, and about 200 of the Finnish students choose to venture on a student exchange each year. This is truly an internationally oriented crew.

It is important to us that our international students are properly taken in and orientated to our practices and customs. All of our international students, both degree students and exchange students, are assigned a student tutor who helps them get started with studies and introduces them to student life. Before your studies begin, you are invited to participate in the international orientation for newbies. The coordinator of your degree programme or exchange programme aids you with study planning. Also, TSE is nicely located at the heart of city, near the beautiful riverside of Turku. All of our teaching is conveniently available in the same premises, although all the services provided by TU are at our students’ disposal.Unique

We are a great place to think ahead. Our slogan springs from the TSE values and priorities, as well as from our focal points in education and research. Foresight and future studies are at the core of our operations, as we host a nationally and internationally unique research unit, Finland Futures Research Centre. One of our international degree programmes focuses on future studies, and all of our degrees contain aspects into foresight and future-orientation. Our other focus areas include responsible business and sustainable development, on which we offer study modules, and we promote innovations and disruptions (eg. Laboratory of Business Disruption Research within TSE).

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