Oulu Business School (OBS) at the University of Oulu is an international research and educational institute for economic sciences. Oulu, a modern growth center, creates an inspiring and stimulating environment for business studies, work and leisure. OBS is accredited by AACSB International (The Association to Advance Collegiate Schools of Business), the premier accreditation body for business schools worldwide.
2. OULU BUSINESS SCHOOL (OBS)
Nordic Spirit
- Built on Nordic values and culture
- Located in the lively capital of Northern Scandinavia
- Part of the multidisciplinary University of Oulu
- Effective collaborations with the local businesses and larger
larger society, as well as partners and stakeholders around
around the world
www.oulu.fi/oulubusinessschool/
3. OULU BUSINESS SCHOOL (OBS)
International Heart
- Fourth business school in the Nordic Countries to achieve AACSB
International accreditation
- Active partner network in research and education – partners from all
continents
- International learning experience – faculty and students from over 30
countries
Martti Ahtisaari Institute
- Focus on global business and economy and challenges of sustainable and
sustainable and
responsible business
- Partner of Globally Responsible Leadership Initiative (GRLI)
- Support to four international research groups and selected doctoral
students through Martti Ahtisaari International Doctoral Scholarship
Programme
4. Nordic Spirit – International
Heart
STUDIES
- 300 new students every year
- Bachelor (BSc), Master (MSc), Doctoral (DSc)
Degrees and Executive MBA (EMBA)
Programmes
- Studies across all major business fields:
• Economics
• Finance
• Financial and Management Accounting
• International Business Management
• Marketing
5. Nordic Spirit – International
Heart
Learning goals in OBS Master’s
programs
1. Analytical thinking skills and problem
solving
2. Disciplinary knowledge
3. Business knowledge
4. Globally responsible leadership
5. Communication skills
6. Nordic Spirit – International
Heart
FUTURE
The 2000’s have been a time for significant
growth and reaching even higher quality
criteria.
It’s with the same forward-looking pioneer
spirit,
and positive and active attitude, that we will
seize
future challenges!
7. Master’s in Finance – MF
• Are you interested in financial markets? Stocks, bonds, currencies,
commodities, derivatives?
Photo: Nasdaq Photo: Scott Beale, fickr
• Are you interested in corporate finance? Investment banking,
mergers and acquisitions?
8. Master’s in Finance – MF
• Who does well in the MF program?
– Business, math/statistics, and
engineering backgrounds
• Field specific knowledge
– Asset pricing, portfolio
management, risk management
• Analysis skills
– Econometric analysis,
forecasting, bootstrap analysis
𝑦𝑡 = 𝑐 + 𝑦𝑡−1 + 𝜖 𝑡
9. Master’s in Finance – MF
• Recent graduates have gone on to:
– Financial Management Program at GE
– Ernst & Young, tax advisor
– Automated financial advising (own start-up)
– Ph.D. studies
"The Master in Finance program has taught me to not only
understand financial markets from a theoretical point of view but
constantly gives me opportunities to directly interact with market
databases and go down to the root of practical matters. I have
received a lot of support from my professors, coordinators during my
studying time and I believe that is not going to change even when I
graduate. For me, University of Oulu has done what it promises from
the beginning as to "let me go further"".
Ngo Thi Mai Nhan
10. Master’s in Financial and
Management Accounting
Are you interested in producing and
analysing financial information for firm
valuation, investment decisions?
Do you want to learn more about the
convergence of local accounting
principles to IFRS?
Are you interested in learning and
developing further tools that help
corporate management in performance
evaluation, product and service pricing?
11. Master’s in Financial and Management Accounting
What we are looking for:
- Highly-motivated students with a can-do attitude
- Previous basic studies in accounting, statistics, econometrics are a
plus
What we offer:
- Opportunity to specialize in Financial or Management Accounting
- Comprehensive study program with a wide course selection
- Full support in conducting empirical research for the Master’s
Thesis
- Curriculum that readies you for international mobility
12. Master’s in Financial and Management Accounting
Profiles of our graduates:
- Audit firms
- Banks and other financial service entities
- Consultancy and tax services
- Entrepreneurship
- Academia
Finnish education system values very much
self-study as part of the learning process,
which I found it challenging and interesting
because I developed my self-discipline and
use of new learning tools. I was also very
surprised to see how much freedom is given
to students not only to plan our own
schedules regarding exams but also
opportunities to improve our grades.
Andrea Zambrano, Ecuador, FMA 2015
I am fascinated by the learning environment where students
are encouraged and welcome to discuss and raise questions.
Students are facilitated with study portals like Optima and
Noppa where lecture material is accessed and issues are
being discussed. Labs are open till midnight where students
are equipped with well processing computers and fast speed
internet. Libraries are updated with current books and students
can borrow as many books as they want.
Anila Kiran, Pakistan, FMA 2014
From my personal experience,
studying in the FMA programme was
a challenge. I have now learned to
appreciate in full its real value. It was
a path of immense self-development
through critical thinking and problem
solving.
Anna Elsilä, Ukraine, FMA 2009
13. Master’s in International Business
and Management (IBM)
Do you want to learn how to create the
next Facebook?
Do you want to know what it takes to
manage Google?
Do you know where to search for the
cool business opportunities?
Would you have known how to save
Nokia?
14. Master’s in International Business and
Management (IBM)
We are looking for students with
- background in e.g., business studies, social sciences, or
engineering
- (major/minor) studies in business are of benefit
- high motivation, global mindset, and proactive approach
We offer
- high quality education connecting theory and practice
- inspiring environment for intellectual growth and personal
development
- possibility to continue to doctoral studies
- excellent career opportunities in a variety of different professions…
15. “…in a global economy, a business career can only be
successful if it entails a deep global outlook. The IBM
Master program will award you with…international
network that becomes a door of endless
opportunities.”
“…I’ve been enjoying the vast opportunities
created for students here in in the University of
Oulu to learn new things and develop their
skills in the safe and friendly environment of
student societies.”
• Export manager
• Country manager
• Area director
• Business Development director/manager
• Sales manager
• Consultant
• Entrepreneur….
16. Academic life as an IBM student
- Gain insights into current international events in business
management from internationalizing to how to conduct relevant
research to the occurring changes
- Competent staff who are well qualified in different fields and can
give us a better view of their different research subjects
- Lecturers who are currently entrepreneurs/practitioners also bring
their own expertise to help us better understand what is
practically occurring in international markets
17. Life in Oulu
- Privilege of studying within an internationally diverse group
- Diversity has increased my international network and has
opened up my mind to different cultures and people.
If you are looking for a different worldview, University of Oulu is the
place to be.
18. Life in Oulu
- There are various social activities
• I love singing so I joined the local university choir
• I love volunteering so I joined the local AIESEC in Oulu
- There is a lot to see and experience in and around Oulu
• I love travelling and have been on a couple of road trips with
my friends
- There is a lot of international students in Oulu
• I have made friends not only from my class but other
international students, too
19. Admission 2016 – How to apply?
- Application period:
December 15, 2015 – January 29, 2016 (15.00 GMT +2)
- Eligibility
1. Bachelor’s degree
2. English Language
a. transcript (degree conducted in English language)
b. language test
- Student selections are based on:
• relevance of previous studies
• performance in previous studies
• motivation letter
• resume/CV
• letters of reference
No tuition fees. Information on application fee can be found here:
http://www.oulu.fi/degree/scholarships
20. Nordic Spirit – International
Heart
Thank you for your attention!
It’s time for questions
You can contact us at
admissions.officer@oulu.fi
How to apply?
http://www.oulu.fi/degree/business
Editor's Notes
Thank Sinikka and introduce myself
Have you guys seen what’s been going on in the markets this year? Ineterest rates were moving up and down at the beginning of the year, and lately stocks have been volatile – with some market down more than others. The dollar made a big move, and has been fairly stable recently. What’s going on? Is it just investors worrying about the Federal Reserve raising interest rates? Is the world worried about a hard landing in China? How should one respond to – or take advantage of – these changes in the market?
The other main area of finance is corporate finance. Corporate governance – how do investors make sure they get a return on their money? Mergers and acquisitions - Some big deals in the past few years have been the merger of Heinz and Kraft foods, and last year Facebook bought WhatsApp for about 19B. How were these deals priced? How did the stock prices react? Interest rates have been very low for a long time – why hasn’t there been more leveraged buyouts?
These are the types of things we cover in the finance program.
What type of students are we looking for? Business, math/statistics, and engineering students usually do well in the program. Generally, students with these backgrounds have developed quantitative skills to get through the program. No, the math is not topology or quantum mechanics, but finance students need to be able to use mathematics to learn things about the markets. Probabilities, distributions, calculus, optimization, linear algebra, are the types of mathematics that we use regularly.
What field specific knowledge will you gain? You will learn about asset pricing, portfolio management, risk management, firm valuation.
The quantitative skills you develop in the program are applicable in many areas. Econometric analysis, forecasting, and bootstrapping, computer coding (SAS, R). You will learn how to use these tools in finance, but these tools are useful in many many areas of business.
Note the graph – the relationship between the VIX index and the SP500 index. Normally, the VIX rises as the SP500 falls. What the does current level of the VIX say about the expected volatility of the SP500?
The equation at the bottom is a simple AR(1) equation – a relative of the random walk.
What types of jobs can get after completing the program? Recent graduates are now working in financial management for global companies (GE), tax advising / consulting, working as entrepreneurs, and some have gone on to Ph.D. studies. Nhan is actually a current student who has been completing an internship in Belgium for a institution promoting solar power. I like her quote – we cover both theory and practice.
Now Ermela will tell you about the FMA program.
Let’s move on to the Master’s Programme in International Business Management. I will tell about the programme briefly and later Andrew who is a current student in the programme will talks about his experiences.
The IBM education focuses on a variety of issues related to managing and leading international businesses.
For example, would you like to learn how to create the next Facebook? What does it take to start up a company with college roommates, get investors on board, go public and grow the firm to one of the world’s leading businesses? The programme teaches you about business designing, venture growth strategies and international entrepreneurship.
Do you want to know what it takes to manage a multinational corporation such as Google? The studies cover topics related to leading multinationals , mergers, acquisitions , and joint ventures. Also legal issues related to international business, strategic thinking, leadership skills , and responsible business management are covered in the studies.
How about learning to search for cool business opportunities? The programme teaches you about business opportunity creation in emerging and developed economies; how to identify and creatively form business opportunities, and evaluate commercial and market viability of business ideas.
Something that is a particularly important question here in Finland: would you have known how to save Nokia? During the studies you will learn about management and strategy renewal in the dynamic, ever changing global business environment.
So the programme is really about giving you the tools needed in managing, creating, and developing various kinds of international organizations.
So what kind of applicants and students are we looking for?
- You can have background for example in business studies, social sciences or engineering. We have students from diverse educational backgrounds. You will benefit if you have some prior studies (major or minor) in business
- Students who do well in our programme are highly motivated, have global mindset, are proactive in studies, and able to share their experiences and contribute to collaborative learning
What we offer for our students is…
- high quality education that connects theory and practice in teaching and projects
- also, inspiring learning environment for your intellectual growth and personal development
- The education also prepares you to continue your studies at doctoral level.
- You will also have excellent career opportunities after graduation…
Our graduates are capable of working in a variety of different professions. The career opportunities range from self-employment as an entrepreneur to a diversity of management positions and to consulting or governmental professions.
Here are some of the recent graduates.
Jinni and Adeolu have actually established their own business in Finland, while Maria got a job as Coordinator of International Affairs here in Oulu.
Many students also return to their home countries, like Steffen, or go an pursue international career opportunities around the globe.
Maria tells that she has particularly enjoyed the opportunities to learn new things and develop her skills in a safe and friendly environment.
Nelly says that one of the benefits of studying in Oulu are the international networks that become a door to endless opportunities.
As a student in the University of Oulu I have had the opportunity to gain insights into current international events in business management from internationalizing to how to conduct relevant research to the occuring changes.
We also have the opportunity to be in the presence of a competent staff who are well qualified in different fields and can give us as students a better vision of their different study subjects.
We also have lecturers who are currently entrepreneurs in international markets who also bring their own expertise to help us better understand what is practically occuring in international markets.
One of the biggest advantages I have received from studying in University of Oulu is the priviledge of studying within an internationally diverse group with students from all the continents from around the world except Australia.
Diversity has increased my international network and has opened up my mind to different cultures and people. So if you are looking for a different worldview University of Oulu is the place to be.
There are various social activities that you can become a part of. I love singing so I joined the local university choir and I love volunteering so I joined the local AIESEC in Oulu which has been such a beautiful experience.
I love travelling and have been on a couple of road trips with my friends and due to the numerous international students I have made not only friends from my class but other international students.
A link to the application form is published 15th December 2015