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Master of Economics in Finance Track
- University of Copenhagen
- Economics in Finance Track
- Masters
- Social & Behavioural Science
- Public University
- Denmark
The Finance Track is a specialisation within the two-year, 120 ECTS MSc in Economics at the University of Copenhagen, taught in English at City Campus in Copenhagen. Students follow the same core economics training in micro, macro and econometrics but concentrate their electives, seminar and thesis on finance. The track is earned by meeting set requirements rather than by separate admission, and it appears on the diploma. The programme addresses issues such as inflation, energy supply and international trade, and teaches students to build models with calculus and statistics. This page is the general programme structure page, which is where the track is described.
Course Details
| Category | Details |
|---|---|
| Time | Full Time |
| Campus | Copenhagen |
| Duration | 2 |
| Deadline-Date | 01-September,15-January, |
| Fee Per Year | 100000 |
| Application Fee | 750 |
| Currency | dkk |
| Intake Link | https://studies.ku.dk/masters/application-and-admission/userguide-for-online-application/ |
| Deadline Link | https://studies.ku.dk/masters/application-and-admission/userguide-for-online-application/ |
| Intakes | February |
| Program language requirement | Unless you apply with a bachelor's degree which provide legal right of admission, you must document that you fulfil the language requirements. English language requirement When you apply for admission to a master's degree programme, you must document your English language proficiency, which means you must have passed English (level A or B) at upper-secondary school level. If you cannot provide documentation for the language requirement, you can take a language test approved by UCPH, for example TOEFL or IELTS. TOEFL iBT, TOEFL iBT Home Edition (MyBest scores are not accepted): Minimum 83 with at least 20 in each subscore, IELTS Academic, IELTS Online (One Skill Retake are not accepted): 6.5 with at least 6 in each subscore, Cambridge Advanced English (CAE/CP1),Cambridge English: Proficiency (CPE/CP2): 180 (C1-level), Danish language requirement If you apply for admission to a master's degree programme taught in Danish, you must have acquired Danish language skills prior to admission equivalent to level A Danish at upper-secondary school level. If you cannot provide documentation for the language requirement, you can take a language test approved by UCPH, for example the study test (studieprøven). |
Who can Choose this program?
A recognized bachelor’s degree (minimum 3 years, ideally 4 years) from an HEC-recognized Pakistani university in a relevant field such as:
Economics
Business Economics
Finance
Management (with strong economics content)
Mathematics, Statistics (with economics electives)
Additional Information
| Category | Details |
|---|---|
| Scope of the program | The page lists careers for economics graduates in general, and the finance profile fits several of them. Graduates may work in the financial sector, in banking and insurance, with asset allocation and risk measurement, or as consultants advising companies on investment and pricing decisions. Government roles in ministries working on trade and investment policy, and teaching and research positions, are also possible. A finance thesis and 45 ECTS of finance courses signal a clear specialist profile to employers and provide a basis for research-oriented careers in finance. |
| Program entry requirement | To apply for admission to this master's degree programme, you must have completed a qualifying bachelor’s degree or a similar Danish or international degree programme which is assessed to be relevant. Apply for admission via the application portal. Below, you can read more about admission requirements and which documents to upload in the application portal. Bachelor's degrees that automatically fulfil the academic requirements If you hold one of the degrees listed below and hold documentary proof that you meet any and all language requirements, you are considered to meet all academic admission requirements and have direct access to apply to the master’s degree programme in Economics. BSc in Economics from the University of Copenhagen BSc in Economics from University of Southern Denmark - Socio-Economics BSc in Economics from Aarhus University BSc in Economics, Aalborg University BSc in Computer Science-Economics from the University of Copenhagen BSc in Mathematics-Economics from the University of Copenhagen BSc in Mathematics-Economics from Aarhus University Other bachelor's degrees Other applicants from universities in Denmark or abroad may be admitted based on a specific, individual, academic assessment provided that they are able to document knowledge, expertise and skills corresponding to the bachelor programme in Economics at the University of Copenhagen. This assessment will be based on the following requirements: The programme must be on the same level as the Bachelor of Science (BSc) in Economics at the University of Copenhagen Microeconomics (a minimum of 15 ECTS corresponding to Microeconomics I + Microeconomics II at the Bachelor of Science (BSc) in Economics, UCPH) Macroeconomics (a minimum of 15 ECTS corresponding to Macroeconomics I + Macroeconomics II at the Bachelor of Science (BSc) in Economics, UCPH) Econometrics/Statistics (a minimum of 15 ECTS corresponding to Probability Theory and Statistics + Econometrics I at the Bachelor of Science (BSc) in Economics, UCPH) Mathematics (a minimum of 10 ECTS on the same level as Mathematics A + Mathematics B at the Bachelor of Science (BSc) in Economics, UCPH) English language proficiency corresponding to at least the Danish upper secondary school 'English level B. (For information on how to meet the language requirements, please click here). At this point in time, no Professional Bachelor's degrees qualify for admission to the MSc in Economics, incl. the following Professional Bachelor's degrees: Finans Offentlig administration Sport management Økonomi og informationsteknologi Procesøkonomi og værdikædeledelse Dataanalyse Skat Event management og økonomi Diplomingeniør - kemiteknik og international business Diplomingeniør - it og økonomi Finansøkonom The list is not exhaustive. It is assessed on an annual basis whether any new Professional Bachelor's degrees may qualify for admission. |
| Required GPA | Bachelor’s: CGPA of 2.5 or equivalent (may vary by program). |
| GRE Required | No. GRE scores are not listed as an admission requirement; admission is based on a relevant bachelor's degree, programme-specific requirements and proof of English proficiency. |
| GMAT Required | No. GMAT scores are not listed as an admission requirement for this programme. |
| Application Process | Application Process: University Application Documents • Completed university application form • All academic transcripts (officially translated into English or Danish) • Passport/Travel document • ID Photo • CV • LoM / SOP (Letter of Motivation / Statement of Purpose) • Proof of English/Danish language proficiency • Proof of financial support • Any other required documents depending on the University (e.g., references, medical certificates) 2. Attestation & Legalization (For Visa ONLY – Not for University Application) • Legalization of educational documents is a must for Visa Apply not for applying in University. (Depends case to case) • Attestation from IBCC, HEC and MOFA is also mandatory for Visa application but not for applying in university. (Depends case to case) 3. Visa Fee & Financial Requirements • Visa fee: 334 Euros • Bank Statement: 11k Euros • Bank statement age: 6 months old • Sponsor: Self or Parents |
| Available Scholarships | https://studyabroadupdates.com/danish-government-scholarship/ |
| Program accreditation | The University of Copenhagen holds a positive institutional accreditation from the Danish Accreditation Institution (decision of February 2025, valid until 2031), so its degree programmes are quality-assured and state-recognised within the Danish higher education system. The programme page lists no separate programme-specific accreditation. |
| Living expenses | Living Expenses in Denmark • Monthly Budget: Generally ranges from DKK 6,000 to DKK 10,000 (~€800 to €1,350). Copenhagen is significantly more expensive than regional cities. • Upfront Costs: Expect a heavy initial cash layout—landlords frequently require 3 months of rent as a deposit plus the first month's rent upfront. • Visa Proof of Funds: You must show access to roughly €11,000 to €13,000 in a bank account under your name to satisfy SIRI visa requirements for the first year. • Perk: Public healthcare is 100% free once you receive your CPR number. |
| Visa Process Details | Visa Checklist 1. Paper/Online Application Form (Online Preferred) 2. SIRI Processing Fee Receipt 3. Travel Document / Passport 4. Previous Visa History Documents (if any) 5. Recent ID Photos (recent, white background, no headwear) 6. All Academic Transcripts 7. Previous Work Experience (if any) 8. Original CNIC & Family Registration Certificate issued by NADRA (in English) 9. Police Character Certificate 10. Medical and Travel Insurance (covers €30,000 in Schengen Area) 11. Proof of English/Danish Language Proficiency (IELTS or TOEFL) 12. Verification of payment for studies provided by the educational establishment 13. Proof of Accommodation and Flight Reservation (both ways) 14. LOM / SOP 15. Financial Means Proof: Bank statement for the last six months in your own name or your guardian's name, containing funds to support your stay – €914 per month. You must multiply the amount by the number of months you will be studying in a higher educational program in Denmark (for a maximum of 12 months, approximately €11,000). However, the bank statement must not be older than 30 days. 16. The Consular might ask for additional documents if found necessary. |
| Part timework | Part-Time Work in Denmark • Hours: Non-EU students can work up to 90 hours per month during semesters and full-time in June, July, and August. • Average Pay: High hourly wages, typically DKK 130 to DKK 200 (~€17 to €27) depending on the sector. • Essentials: Requires a CPR number (residence registration), a NemKonto (bank account), and a Tax Card (Skattekort) to avoid a default 55% tax rate. |
| Post-study work opportunity | Post-Study Work Opportunities • 3-Year Job-Seeking Permit: Automatically granted or easily accessible upon graduating from an accredited Danish higher education program. • Work Rights: You can continue working part-time (90 hours/month) while searching for a career-level role. • Switching to a Full Work Visa: Once you find a full-time professional job, you can transition smoothly into a regular work permit via fast-track systems like the Pay Limit Scheme (minimum salary requirement applies) or the Positive List (shortage occupations). |
What are the language requirements for the master's program at the University of Copenhagen?
Applicants must document their English language proficiency, ideally having passed English (level A or B) at upper-secondary school level. If they cannot provide documentation, acceptable language tests such as TOEFL or IELTS can be taken. The minimum scores required are TOEFL iBT: 83 with at least 20 in each subscore, and IELTS Academic: 6.5 with at least 6 in each subscore.
What is the duration and structure of the master's program in Economics with a Finance track?
The program has a duration of two years (120 ECTS). To obtain the Finance specialization, students must take at least 45 ECTS of finance courses, participate in at least one finance seminar, and write a master's thesis in finance. Core courses include Microeconomics III, Macroeconomics III, and Econometrics II, primarily in the first semester.
What is the application process for the master's program at the University of Copenhagen?
Applicants must complete a university application form and submit various documents including academic transcripts, a passport, CV, and proof of language proficiency. Additionally, applicants may need to provide proof of financial support and any other documents required by the university.
What are the living expenses for students in Copenhagen?
Monthly living expenses generally range from DKK 6,000 to DKK 10,000 (approximately €800 to €1,350). Students should also prepare for significant initial costs, such as deposits for housing, which can require three months of rent upfront. There is also a requirement to show access to approximately €11,000 to meet visa proof of funds for the first year.
Are there opportunities for part-time work while studying at the University of Copenhagen?
Yes, non-EU students can work up to 90 hours per month during the semester and full-time in the months of June, July, and August. The average hourly wages range from DKK 130 to DKK 200 (approximately €17 to €27), but students must obtain a CPR number, a NemKonto (bank account), and a Tax Card to work legally without incurring a high default tax rate.
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