Tips for applying to the Financial and Management Accounting programme

Choosing a university near the Arctic Circle to study accounting might not seem like an obvious choice, but it could turn out to be an enriching experience.

The Financial and Management Accounting programme at the University of Oulu stands out for its unique application process and course structure. In this blog, I’ll share some handy tips to help you navigate the FMA application process.
I’m standing in front of the university logo with a smile on my face.
Studying at Oulu is a unique experience.

No motivation letter

The application process for this master’s program was quite unique for me because it didn’t require a motivation letter. Instead, I had to complete a preliminary assignment, which involved creating a video explaining my motivation for applying. This step was crucial because, without it, the application won’t be evaluated.

To prepare, I recommend writing a script and answering the required questions. Keep your video concise and focus on explaining how your academic background and professional experience will help you to succeed in this program. The video will be evaluated based on three criteria, so stay calm and stick to the questions when recording.

Previous academic background

Another interesting aspect of this program is that it does not have strict requirements for your previous academic background. I have met several students who came from non-business fields, but they were able to apply to this program after completing a diploma in accounting.

As long as your bachelor’s degree or equivalent gives eligibility for master’s level studies in your country of education, you are eligible to apply. Even if your degree is in a different field, you can still qualify by completing 24 ECTS credits in accounting or related areas. However, during the evaluation process, you will earn more points if you have taken courses in accounting, economics, or finance.

Good combination of courses in Econometrics and Management Control.

Point-based evaluation system

At the University of Oulu, the admission evaluation system is unique. Unlike other business schools, the holistic profile of applicants is not the sole criterion. Instead, the FMA program uses a point-based system. For example, the preliminary assignment is worth 10 points, the relevance of your previous studies is worth 10 points, and the GRE/GMAT contributes 5 points.

Your application is evaluated based on your performance in these categories, and applicants with the highest points are selected. My advice is to follow the instructions for each criterion carefully. Remember that your GPA or GMAT score is not considered during the evaluation of the preliminary assignment.

Importance of GRE/GMAT score

As mentioned earlier, the GMAT or GRE score is also part of the evaluation criteria at the University of Oulu. Based on your test score, you can earn 0 to 5 points. This can be a great way to stand out from other applicants.

In my case, my GRE score played a big role in getting accepted into the program. My bachelor’s GPA wasn’t very high, but the extra points from my GRE score helped me a lot. If you are in a similar situation, I highly recommend taking the GRE or GMAT test, although it is not compulsory.

Industry insights from the guest lecturer.

Finally, I recommend staying relaxed and stress-free during the application process. The application for the Financial and Management Accounting programme is simple and straightforward. And remember to rename your attachments as instructed.

I wish you success in your application to the University of Oulu and hope you enjoy studying accounting at one of the northernmost business schools in the world!

A disclaimer: This is a student's personal experience from applying to the University of Oulu. Always check the current eligibility and admissions criteria at Studyinfo.fi.

About the author

Faimul Ahsan, from Bangladesh, is pursuing a master’s in Financial and Management Accounting. His idea of fun is hitting the gym and watching ancient history documentaries—because nothing beats the cold like a little Roman Empire drama!

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