Student Handbook for the Master of Science Programs in: Business & Management pdf

The rules and regulations recorded in the Student Handbook have been ratified by the Faculty and Program Board.
The requirements specified in Appendix 4 are, however, decided by the Associate Dean of the MSc Programs as
delegated by the Faculty and Program Board.

This document is updated on an as-needed basis. The most recent version is published by Student Services and
posted on the SSE webpage (www.hhs.se) and on the SSE Portal. The document history (below) lists the changes
made since publication of the first version of the document.

Latest update: 2013-01-29



Student Handbook
for the
Master of Science Programs in:

Business & Management
Specialization in Management
Specialization in Marketing & Media Management

Economics
Specialization in Applied Economic Analysis
Specialization in International Economics

Finance & Accounting
Specialization in Accounting & Financial Management
Specialization in Corporate Finance
Specialization in Investment Management

VALID FOR STUDENTS ENROLLED FROM YEAR 2012

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DOCUMENT HISTORY

The following changes concerning rules and regulations have been made to the content since the
first version of the Student Handbook for the MSc Programs was published on 2012-08-16:

2012-10-01 Chapter 3 Decisions on exemptions from the rule about maximum period of study,
postponement of the program start, formal leave of absence, as well as on study pace
requirements are made from 2012-10-01 by a counselor who deals with the case.

2012-12-17 Chapter 3 Updated rules of the correction and review of the course grades; updated
regulations at the exam; updated graduation requirements for students in MSc-PhD parallel
enrollment. Changed availability of XTM during year 1.


Person responsible for the document history: Natalia Antsiferova, Student Services
().

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PREFACE

This MSc Student Handbook is a compilation of information, regulations and guidelines that are
relevant to you as a student at the Stockholm School of Economics (SSE). It is intended for
students enrolled in the Master of Science (MSc) programs in Business & Management (MBM),
Economics (MECON) and Finance & Accounting (MFINA). The overall purpose is to inform
you about what regulations apply and to help you prepare for, and complete your studies. It
contains an overview of the curriculum (Chapter 2) for each specialization and the programs'
academic regulations (Chapter 3).

These academic regulations govern the relationship between SSE and you. The regulations
stipulate and specify the responsibilities and rights you have as a student. One of your basic
responsibilities is to stay informed about regulations and guidelines that are in effect during your
studies.

You will find information about individual courses on the SSE Portal
1
. The Student Support
website
2
will also provide you with information about various services offered at the school.


Stockholm, August 2012



Magnus Mähring
Associate Dean, MSc programs


Person legally responsible for this document: Magnus Mähring, Associate Dean, MSc programs

()


1

2

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TABLE OF CONTENTS

1 GENERAL INFORMATION ABOUT YOUR STUDIES AT SSE 7
1.1 STUDENT RIGHTS AND RESPONSIBILITIES 8
1.2 TEACHING AND LEARNING 8
1.3 SSE PORTAL 9
1.4 REGISTRATION AND WITHDRAWAL 9
1.5 ASSESSMENT 10
1.6 STUDENT EVALUATIONS AND SURVEYS 10
1.7 SERVICES AVAILABLE TO STUDENTS 11
1.8 SSE ALUMNI 12
1.9 STUDENT ASSOCIATION (SASSE) 12
1.10 STUDENT INSURANCE 12
2 OVERVIEW OF THE MSC PROGRAMS IN BUSINESS & MANAGEMENT, ECONOMICS, AND
FINANCE & ACCOUNTING 13
2.1 MSC IN BUSINESS & MANAGEMENT (MBM) PROGRAM DESCRIPTION 16
2.1.1 Specialization in Management 16

2.1.2 Specialization in Marketing & Media Management 17
2.2 MSC IN ECONOMICS (MECON) PROGRAM DESCRIPTION 19
2.2.1 Specialization in Applied Economic Analysis 19
2.2.2 Specialization in International Economics 20
2.3 MSC IN FINANCE & ACCOUNTING (MFINA) PROGRAM DESCRIPTION 22
2.3.1 Specialization in Accounting & Financial Management 22
2.3.2 Specialization in Corporate Finance 23
2.3.3 Specialization in Investment Management 24
2.4 OVERVIEW OF OPTIONAL PROGRAM/SPECIALIZATION COMPONENTS 26
2.4.1 Student Exchange Program 26
2.4.2 CEMS Master in International Management (MIM) 26
2.4.3 Executive Trainee Module (XTM) 26
3 SSE ACADEMIC REGULATIONS 27
3.1 PROGRAM RULES AND REGULATIONS 27
3.1.1 Degree Requirements 27
3.1.2 Maximum Period of Study 27
3.1.3 Transfer of Credits 28
3.1.4 Study Pace Requirements 29
3.1.5 Grade Point Average (GPA) 29
3.1.6 Tuition Fees 30
3.1.7 Academic Misconduct 30
3.1.8 Regulations for Optional Program/Specialization Components 30
3.2 COURSE RULES AND REGULATIONS 33
3.2.1 Registration and Withdrawal 33
3.2.2 Rules and Regulations for Course Grading 34
3.3 RULES AND REGULATIONS FOR ASSESSING STUDENT LEARNING 36
3.3.1 Rules and Regulations for Partial Examinations 36
3.3.2 Rules and Regulations for Written Examinations 37
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3.3.3 Rules and Regulations for Other Forms of Assessment 42
3.4 RULES AND REGULATIONS FOR THE MASTER THESIS 42
3.4.1 Prerequisites 42
3.4.2 Time Period and Format 42
3.4.3 Writing the Thesis with a Student from a Different
Program/Specialization or University 43
3.4.4 Writing Abroad or Having a Supervisor from another University 43
3.4.5 Supervisor and Examiner 43
3.5 MSC-PHD PARALLEL ENROLLMENT 44
3.5.1 Requirements for MSc Graduation for Students in MSc-PhD Parallel
Enrollment 44
3.6 DEGREE CERTIFICATE 45
3.6.1 Application for a Degree 45
3.6.2 Turn-around Time 45
3.7 OTHER REGULATIONS 45
APPENDIX 1: LINKS 47
APPENDIX 2: TRANSITION RULES 48
APPENDIX 3: STUDENT PLEDGE 49
APPENDIX 4: SPECIFIED DEGREE REQUIREMENTS FOR EACH PROGRAM/SPECIALIZATION FOR
STUDENTS ADMITTED 2012 50
1 SPECIFIED DEGREE REQUIREMENTS - MSC IN BUSINESS & MANAGEMENT (MBM) 50
1.1 SPECIALIZATION IN INTERNATIONAL BUSINESS (CEMS MIM) 50
1.2 SPECIALIZATION IN MANAGEMENT 50
1.1.1 Specialization Courses (Mandatory Courses and Core Elective
Courses) 50
1.1.2 Independent Elective Courses (Open and Advanced Electives) 51

1.1.3 Specific Guidelines for the Master Thesis 51
1.1.4 Additional Rules for Optional Program Components 51
1.1.5 Additional Degree Requirements 51
1.2 SPECIALIZATION IN MARKETING & MEDIA MANAGEMENT 51
1.2.1 Specialization Courses (Mandatory Courses and Core Elective
Courses) 51
1.2.2 Independent Elective Courses (Open and Advanced Electives) 52
1.2.3 Specific Guidelines for the Master Thesis 52
1.2.4 Additional Rules for Optional Program Components 52
1.2.5 Additional Degree Requirements 52
2 SPECIFIED DEGREE REQUIREMENTS - MSC IN ECONOMICS (MECON) 52
2.1 SPECIALIZATION IN APPLIED ECONOMIC ANALYSIS 52
2.1.1 Specialization Courses (Mandatory Courses and Core Elective
Courses) 54
2.1.2 Independent Elective Courses (Open and Advanced Electives) 54
2.1.3 Specific Guidelines for the Master Thesis 54
2.1.4 Additional Rules for Optional Program Components 55
2.1.5 Additional Degree Requirements 56
2.2 SPECIALIZATION IN INTERNATIONAL ECONOMICS 56
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2.2.1 Specialization Courses (Mandatory Courses and Core Elective
Courses) 57
2.2.2 Independent Elective Courses (Open and Advanced Electives) 57
2.2.3 Specific Guidelines for the Master Thesis 57
2.2.4 Additional Rules for Optional Program Components 58

2.2.5 Additional Degree Requirements 58
3 SPECIFIED DEGREE REQUIREMENTS - MSC IN FINANCE & ACCOUNTING (MFINA) 58
3.1 SPECIALIZATION IN ACCOUNTING & FINANCIAL MANAGEMENT 58
3.1.1 Specialization Courses (Mandatory Courses and Core Elective
Courses) 59
3.1.2 Independent Elective Courses (Open and Advanced Electives) 59
3.1.3 Specific Guidelines for the Master Thesis 59
3.1.4 Additional Rules for Optional Program Components 59
3.1.5 Additional Degree Requirements 60
3.2 SPECIALIZATION IN CORPORATE FINANCE 60
3.2.1 Specialization Courses (Mandatory Courses and Core Elective
Courses) 60
3.2.2 Independent Elective Courses (Open and Advanced Electives) 61
3.2.3 Specific Guidelines for the Master Thesis 61
3.2.4 Additional Rules for Optional Program Components 61
3.2.5 Additional Degree Requirements 64
3.3 SPECIALIZATION IN INVESTMENT MANAGEMENT 64
3.3.1 Specialization Courses (Mandatory Courses and Core Elective
Courses) 65
3.3.2 Independent Elective Courses (Open and Advanced Electives) 66
3.3.3 Specific Guidelines for the Master Thesis 66
3.3.4 Additional Rules for Optional Program Components 66
3.3.5 Additional Degree Requirements 66
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1 GENERAL INFORMATION ABOUT YOUR STUDIES AT SSE

“The aim of the Stockholm School of Economics is to promote the advancement of business in
Sweden through academic education and research” (SSE Charter section 1, §1 1909).

More than 100 years have passed since the first students began their studies at SSE, and this aim
has remained intact and continues to guide the School's activities and priorities. However, the
internationalization of Swedish economic life, globalization in general and the internationalization
of higher education have led SSE to extend its outlook, reach and its activities well beyond the
borders of Sweden.

SSE offers the following degree programs:

 Three-year Bachelor of Science Program in Business & Economics (Stockholm)
 Three-year Bachelor of Science Program in Retail Management (Norrtälje)
 Two-year Master of Science Program in Business & Management (Stockholm)
 Two-year Master of Science Program in Finance & Accounting (Stockholm)
 Two-year Master of Science Program in Economics (Stockholm)
 Two-year Master of Science Program in General Management (Stockholm)
 Two-year Master of Science Program in Business & Economics (Stockholm, intake 2009-
2011)
 Two-year MBA Program in Executive Format (Stockholm, St. Petersburg, Riga)
 Four-year PhD Program in Business Administration (Stockholm)
 Four-year PhD Program in Economics (Stockholm)
 Four-year PhD Program in Finance (Stockholm)
 A variety of executive education programs (Stockholm, St. Petersburg, Riga)
SSE also offers three double-degree programs at the master's level:

 CEMS Master in International Management (CEMS MIM) together with CEMS
3
, the

Global Alliance in Management Education.
 Double-degree program in Finance together with Università Commerciale Luigi Bocconi,
Italy.
 Double-degree program in Economics with the University of St. Gallen (HSG),
Switzerland.
SSE works in close collaboration with the Stockholm School of Economics in Riga (SSE Riga),
where a BSc program in Economics & Business and executive education programs are offered.

The Bachelor of Science programs are intended mainly for those who are recent secondary
school graduates with outstanding grades and with limited or no work experience. The Master of
Science programs provide an advanced-level education and are intended for students who already
hold a bachelor degree.



3
CEMS is a global alliance of leading business schools and multinational companies, see also
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In addition to its bachelor and master, SSE has doctoral programs for students with a university
degree in one of the economic disciplines as well as executive education programs for students
with relevant professional experience. SSE also runs educational programs in St. Petersburg and
Moscow, Russia, and Riga, Latvia (executive education).


1.1 STUDENT RIGHTS AND RESPONSIBILITIES

The programs of the Stockholm School of Economics are characterized by an open atmosphere
with an emphasis on student attendance and active participation. Students are represented in all
decision-making and some advisory bodies. Through your student representatives, you can
convey your views on matters, such as program design. You can also convey your views directly
to the teachers or the Program directors and the Heads of the specializations. You are obliged to
evaluate each course you attend using a web-based evaluation tool.

You have rights, but you also have responsibilities as a student. SSE expects that you
follow SSE's code of conduct embodied in a number of policies and governing
ordinances. This means that you show respect for other students, faculty, staff and SSE
guests and that you act towards others in such a way as to uphold and promote the
reputation of the Stockholm School of Economics. SSE's policy states that everyone
should be treated equally regardless of religion, ethnicity, sexual preference, social
background, disability etc.
4


The Faculty and Program Board at SSE handles matters of discrimination, harassment or grave
misconduct. You must be aware of the regulations that apply to studies and examinations as well
as the guidelines for being on SSE's premises. For more information about the academic
regulations see Chapter 3. When you are admitted to the Stockholm School of Economics,
you sign a pledge by which you acknowledge and accept these regulations and SSE's
rights to modify them and make decisions based on them (Appendix 3).


1.2 TEACHING AND LEARNING

The academic year is divided into four teaching periods, period 1 and 2 in the fall and period 3
and 4 in the spring. Each period ends with an exam period. The fall semester takes place between

August and January and the spring semester between January and June.

Teaching takes the form of lectures, seminars, projects and other assignments. Group instruction,
projects, and written assignments are common and may be assigned to individuals or groups.
While you can book a place in one of the SSE's computer rooms, it is good to have access to
your own computer. There is a wireless network at SSE so you can work anywhere.

A cornerstone of the pedagogical approach for all MSc programs is attendance and interaction.
The learning process is based on close interaction among students and between students and
faculty, both of which require substantial presence on the SSE premises.



4
For further information please see the Equal Treatment of Students Policy 2011, available at
/>pdf
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Studies at SSE proceed on a full-time basis and require that you set aside the time needed. It is
not recommended to work or pursue other studies at the same time, so these are not acceptable
grounds for missing compulsory parts of a program, nor are other voluntary activities, including
those within the Student Association (SASSE). In a course that carries 7.5 ECTS credits
5
(1.5
ECTS credits are equal to one week of full-time studies) there may be 2-3 in-class teaching
sessions a week. A teaching session usually consists of two lectures or seminars (45 minutes

each). Generally, students study two courses in parallel, which means that the scheduled
instruction is 4-6 lectures or seminars per week (8-12 hours). In addition to this, time should be
spent on preparation, group work and the student's individual studying of course material, which
together with formal instruction in total is about 40 hours a week.

Teachers and administrative staff are willing to provide help and support, but you are the one
responsible for ensuring that your studies are successful. If you experience some problems
following the study pace of the program or have difficulty developing good study routines, you
may contact a study counselor at Student Services.





1.3 SSE PORTAL


Through SSE Portal
6
you can conduct functions such as viewing important course and program
announcements, registering for courses, checking your schedule, accessing e-mail, and ordering
transcripts or letters of enrolment. To access the SSE Portal, please use your SSE registration
number as your username. The SSE Portal is the most important information channel at SSE and
all important information is uploaded to the Portal.


1.4 REGISTRATION AND WITHDRAWAL


Students have to register for all courses, seminar groups, and exams and give notification of

withdrawal from any of these on the SSE Portal (login is required). Read more in Section 3.2.1.

Registering for a course is done on the My upcoming courses page on the SSE Portal or on the
course's website during the registration period, which takes place in the term prior to the course
being given – usually in April/May for fall courses and November/December for spring courses.
You will find the exact dates for each registration period on the Student Support
7
website, which
can be accessed via the SSE Portal (login is required).







5
European Credit Transfer and Accumulation System credits; hereinafter referred to as ECTS credits or credits.
6
See
7
See
Academic requirements are described in Chapter 3 and in Appendix 4.
You will be automatically registered for some courses, but you have to register for other courses on your own. See
the academic regulations in Section 3.2.1. Read what regulations apply for registering for exams in Section 3.3.2.
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1.5 ASSESSMENT

Teachers may assess your performance in a course in various ways and by combining different
forms of assessment such as written examinations, written assignments, projects, presentations
and in some cases formal oral examinations. On the basis of these assessments you receive a
grade for each course. Courses are graded on a scale where A, B, C, D, E represent passing
grades (with A being the highest grade) and Fx and F represent failing grades. Please see Section
3.2.2 for more information.

Assessment at SSE is based upon explicit Intended Learning Outcomes (ILOs). These are
formulated for each course and included in each course description. They describe in specific
terms what you should know after completing a course. In order to earn a passing grade in a
course, you must attain all learning outcomes for that course.

In order to ensure fairness and academic integrity, all student performance on assessments is
governed by the SSE Disciplinary Regulations.
8
All instances of academic misconduct will be
reported and investigated, and appropriate disciplinary measures will be taken. Read more in
Section 3.1.7.


1.6 STUDENT EVALUATIONS AND SURVEYS

Course Evaluations

All SSE courses are evaluated. After you have participated in a course, you are obliged to
complete an evaluation of the course where all participants can express their opinions
anonymously. This is an important tool for maintaining high quality and continuously improving

the courses, as well as one factor among others that determines teacher salaries and employment
conditions. It also means that students and the teacher in charge can make relevant comparisons
between courses and follow developments over time. Course evaluations are posted on the
relevant website, as well as compiled quarterly in the quality reports, regardless of the form (or
combination of forms) the evaluation has taken.


Other Evaluations

As SSE continuously improves its programs and services, it is also necessary to conduct a range
of other evaluations during and after programs. The aim of these evaluations is to align the
programs and services with the SSE vision and with student needs. For these reasons, it is of a
great importance that SSE receives student input in order to further develop its programs.


Alumni Surveys

As an alumna/alumnus you will also receive surveys from SSE, such as the Placement Report
survey, surveys for program rankings and surveys for long-term program development. The
Placement Report presents data on SSE's alumni's career paths and is a service to students and
prospective students interested in the career potential provided by SSE programs. SSE also


8
Available at (login is required in
order to access the document).
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conducts surveys as a basis for school and program rankings, which are important for SSE's
competitive positioning and for prospective students when they choose schools. Surveys
intended for program development purposes may also be distributed, for example to examine the
relative importance and usefulness of different program components in a long-term career
perspective.

Responding to our surveys is an important way to support SSE and ensure the quality of its
future offerings and graduates.


1.7 SERVICES AVAILABLE TO STUDENTS



Student Services (StS)

The Student Services department offers services and performs functions that assist you in the
course of your studies at SSE. The StS department provides inter alia student counseling, formal
grade transcripts, assistance in resolving student-health issues and housing services.

For further information about StS, please see the Student Support
9
homepage on the SSE Portal.

For career services, please see the SSE Careers Blog
10
.

SSE Library

The SSE Library functions as the principal information resource for SSE students, offering a vast
array of printed and digital resources within business and economics. Apart from a major
collection of printed books and journals, the library offers printed textbooks and reference
collections, electronic books and journals, some 60 databases, reference management tools, and
interlibrary loans from other libraries. All students writing their Master thesis can contact the
library to arrange the time for individual instruction in the use of the library resources. For more
information, please see the Library website
11
.


IT Services

The IT Support group is available to support you in all IT related issues. You can contact them
by phone, email or visit them outside the computer labs at Saltmätargatan, 13-17. For contact
information and a list of IT-related services available for you as a student, please see the IT
Support
12
page on the SSE Portal. You can also have your laptop configured such that you can
access Eduroam, the worldwide internet service for university students, researchers and staff.




9

10

Available at
11
www.hhs.se/library
12

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1.8 SSE ALUMNI

SSE alumni have access to a unique network that is useful both in your personal and professional
life. SSE Alumni Office handles alumni affairs and you are most welcome to contact us with your
thoughts and ideas at


1.9 STUDENT ASSOCIATION (SASSE)

The Student Association at SSE (SASSE) is a non-political, non-religious organization that has
about 2000 members from the BSc, MSc, and PhD programs. SASSE exists thanks to the strong
drive and commitment among the students and their wish to have fun and develop as a
community. The purpose of SASSE is fundamentally to care for the joint interests of the
students, which roughly can be summarized in educational coverage, extracurricular activities, and
career services. Please refer to the Master Guide (is sent out to the new students) and the SASSE
website
13
for more information.

1.10 STUDENT INSURANCE

SSE students are insured by the Student Association (SASSE). The insurance covers medical
treatment and travel due to medical treatment for accidents that occur during SSE and SASSE
activities. The insurance does not cover accidents outside the SSE premises. Before traveling,
students are encouraged to study the conditions for their home and/or travel insurance. Upon
arrival students may apply for the personal number at the Swedish Tax Agency and obtain the
registration within the Swedish Social Insurance Agency.




13
See www.sasse.se
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2 OVERVIEW OF THE MSC PROGRAMS IN BUSINESS & MANAGEMENT,
ECONOMICS, AND FINANCE & ACCOUNTING

SSE provides a range of Master of Science programs. Described here are the MSc in Business &
Management (MBM), the MSc in Economics (MECON) and the MSc in Finance & Accounting
(MFINA).

Figure 1: Overview of Program Specializations for the MBM, MECON, and MFINA
Programs (2012)

Introduction to the SSE MSc Programs

An overall aim of the MSc in Business & Management (MBM), the MSc in Economics
(MECON) and the MSc in Finance & Accounting (MFINA) programs is to provide individuals
who have earned a bachelor degree with advanced knowledge, skills and abilities within a specific
subject area, as well as a solid foundation for assuming general management positions. The
programs combine a strong theoretical base with a high level of practical application.

Graduates will be highly qualified to assume advanced early-career positions in the private sector,
non-governmental organizations and the public sector and to immediately contribute to value
creation in these positions. The programs also provide an excellent basis for pursuing PhD
studies at SSE or other institutions. The language of instruction is English.

Each SSE MSc program consists of two years of full-time studies (120 ECTS credits
14
). In the
MBM, MECON, and MFINA programs, students deepen their knowledge in the main subject of
their chosen program/specialization (60 ECTS credits); either specialize further or broaden their
understanding through independent elective courses (30 ECTS credits) and write a Master thesis
within their specialization (30 ECTS credits). It is also possible to participate in the SSE Student


14
European Credit Transfer and Accumulation System credits; hereinafter referred to as ECTS credits or credits.
Student Handbook for the MBM, MECON & MFINA Programs

14


Exchange Program, CEMS Program or the Executive Trainee Module (see Section 2.4.3). For
some of the programs/specializations an international component is mandatory. Double degree
offerings are also available.

The Master thesis is a project with a scope of 30 ECTS credits (i.e. the equivalent of 20 weeks
full-time work) where a student must show that he/she can independently identify and analyze a
problem and then present and defend a thesis that adheres to the relevant academic conventions.
The thesis should pose a theoretical, methodological and/or empirical challenge, illustrating the
student's ability to think systematically and critically while also showing an ability to collect,
interpret and discuss data and literature. The format will vary across specializations but a
common feature is academic rigor.

Students interested in pursuing PhD studies at SSE may apply for admission to the PhD program
during their first year of the MSc program and may combine the final year of their MSc studies
with the first PhD year, so called MSc-PhD parallel enrollment (see Section 3.5).

Since studies are full-time, you must ensure that any other commitments you might have will not
interfere with your fulfilling your academic obligations, including (but not limited to) individual
studies, exams, class sessions, group work and team-based projects.

All programs begin with orientation days. The orientation days are intended not only to welcome
new students, but also to provide newcomers with an overview of SSE as an institution of higher
education and to help all students to understand what to expect from their studies, learn more
about their opportunities for the future, and to understand better what SSE expects of them.
Here you will learn more about the program and about routines and regulations at SSE. The
orientation days are arranged jointly by SSE and the Student Association at SSE (SASSE).

Governance of SSE MSc Programs

The governance and management of SSE MSc Programs are conducted primarily through the
following decision-making bodies and positions:

Faculty & Program Board (FPB)

The Faculty & Program Board consists of the following delegates:

 The President (chair)
 All SSE Heads of department
 Two student representatives
 The Associate Dean for each of the following four program levels: BSc, MSc, MBA
(including GM), and PhD
 Two faculty representatives appointed by the Faculty Forum
 Anyone coopted to the meeting by the President (e.g. the Academic Vice President,
Senior Executive Vice President, Director of Communications, HR Director, Director of
Student Services, CEO of IFL).

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The Faculty and Program Board decides on the following matters: education issues, recruitment
and promotion issues, equality issues, and scholarship and award issues.

Associate Dean, MSc Programs

The Associate Dean is responsible for the overall quality, content and development of the MBM,
MECON and MFINA programs.

MSc Joint Program Committee

The MSc Joint Program Committee consists of the following delegates:

 The Associate Dean, MSc Program
 Program directors for MBM, MECON and MFINA
 One representative from each institution
 Two student representatives
 The Director of Student Services (coopted)

The MSc Joint Program Committee advises the MSc Associate Dean and Program directors. It
also serves to coordinate and consolidate decisions taken on policies within and across the MSc
Programs.

Program Directors and Heads of the Specialization

Program directors are responsible for educational programs on any of the school's program
levels. Within the framework provided by the Faculty and Program Board, program directors are
responsible for the content, quality and budget of their programs.

For the MBM, MECON and MFINA programs, program directors are usually selected amongst
the heads of the specialization, and have a specific responsibility to coordinate between
specializations within a program.

Heads of the specializations are responsible for one or more specializations within an MSc

program, including design and development of specialization structure and content, as well as
delivery of the specialization.

Student Influence

The Student Association at SSE (SASSE) is represented in all decision-taking bodies at SSE.

In addition there is also a focus group for each cohort. They consist of two students for each
program/specialization and normally meet twice per semester.


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2.1 MSC IN BUSINESS & MANAGEMENT (MBM) PROGRAM DESCRIPTION

The two year Master of Science program in Business & Management (120 ECTS credits) offers
specializations in Management and in Marketing & Media Management.
15


The program is based on a unique live pedagogy, where much of the learning takes place in real
projects, solving problems for real clients who expect real results. By continuously connecting
theory and practice, the program ensures that you not only learn about creating, developing,
running and leading businesses, but also to develop as an individual and refine your management
capabilities.

Figure 2: Overview of the MBM Program (2012)



2.1.1 Specialization in Management

The specialization's aim is to enable you to translate new ideas into direct action and make better
decisions. Through live innovation projects, consulting projects, and change projects you will be
expected to act as a professional consultant and deliver concrete results. In addition, the
specialization will deepen your knowledge in the area of management and develop you as a leader
with analytical and creative problem-solving skills.


Intended Learning Outcomes (ILOs)

Upon completion of the program, students are expected to possess the following knowledge,
skills and abilities:

 To translate theoretical and research-based knowledge and models into business value.
 To understand and deal with the complexities of working in an advisory/consulting role
in different contexts.
 To reflect critically on learning and personal development in relation to experience gained
in practice.
 To translate complex business issues and management challenges into structured
problems, develop solutions and communicate these problems and solutions in a well-
structured and convincing way.


15
Starting in 2013, a specialization in International Business (combined with the CEMS Master in International

Management) will also be offered.
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17


 To demonstrate an elaborate understanding of contemporary theories and approaches to
leadership and be able to identify and analyze management and leadership issues with the
help of these theories.


Specialization Overview

Year 1: Students deepen their knowledge in the main subjects in the specialization Management
(60 ECTS credits). Students may also apply for the Executive Trainee Module (one semester),
and successful applicants must take 30 ECTS credits in the main subject during year 2 instead.

Year 2: Students take independent elective courses (30 ECTS credits) and write a Master thesis
(30 ECTS credits). Students can apply for the Student Exchange Program or the CEMS Program
and take independent elective courses at one of SSE's partner institutions. Students may also
apply for the Executive Trainee Module (one semester).


Year 1

Year 2
Specialization Courses
Independent Electives (may be fulfilled through
an optional program component)

Executive Trainee Module (optional)
Master Thesis

Student Exchange Program (optional)

CEMS MIM Program (optional)

Executive Trainee Module (optional)

You can find more information about individual courses on the courses' websites, which can be
accessed via the SSE Portal
16
and the SSE's external website
17
.


2.1.2 Specialization in Marketing & Media Management

The specialization comprises mandatory courses in creative business development, brand
management, marketing communications, and the management of challenges facing media
corporations face today. Along with this you also learn how to integrate different functions in the
firm, and how to ensure that market orientation permeates the entire organization. The
mandatory courses are designed to bridge the gap between academic research and commercial
execution and to provide tools that help you deal with important business and marketing
challenges facing corporations in today's highly dynamic markets. Using research findings to
solve real-life business problems – in projects, live cases and internships – is a cornerstone of the
learning experience.

The specialization intends to prepare you for positions such as product manager, marketing

director, business development manager or, sales manager, and to give you the necessary
foundation for assuming top executive positions later in your career.




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Intended Learning Outcomes (ILOs)

The student should be able to demonstrate profound knowledge, skills and abilities both
theoretically and practically in the following areas:

 Techniques and methods for identifying and acting upon opportunities to create
customer value in different types of markets.
 Ways in which different functions in a firm can contribute to creating customer value.
 Processes by which the different functions in a firm can be integrated to ensure that the
entire organization strives in the same, customer value creating direction, and thereby
achieve the goals of the organization.


Specialization Overview

Year 1: Students deepen their knowledge in the main subjects in the specialization Marketing &
Media Management (60 ECTS credits). Students may also apply for the Executive Trainee
Module (one semester), and successful applicants must take 30 ECTS credits in the main subject
during year 2 instead.

Year 2: Students take independent elective courses (30 ECTS credits) and write a Master thesis
(30 ECTS credits). Students can apply for the Student Exchange Program or the CEMS Program
and take independent elective courses at one of SSE's partner institutions. Students may also
apply for the Executive Trainee Module (one semester).

Year 1
Year 2
Specialization Courses
Independent Electives (may be fulfilled through
an optional program component)
Executive Trainee Module (optional)
Master Thesis

Student Exchange Program (optional)

CEMS MIM Program (optional)

Executive Trainee Module (optional)

You can find more information about individual courses on the courses' websites, which can be
accessed via SSE Portal
18
and SSE's external website
19

.





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19


2.2 MSC IN ECONOMICS (MECON) PROGRAM DESCRIPTION

The two year Master Program in Economics (120 ECTS credits) offers specializations in
International Economics and Applied Economic Analysis. Students choose a specialization by
complying with the course requirements set for that specialization. For detailed information see
Appendix 4.

The program combines a rigorous theoretical approach with extensive real-world applications in
order to teach you how to solve complex problems in many areas of economics. The program
provides a general analytical approach: a way of thinking rather than detailed knowledge about
narrowly-defined issues.

The objectives of the MSc in Economics are to give you a deep understanding of economics, and
to equip you to address challenging economic problems. You will learn how to use economic

theory and quantitative methods in solving complex problems on micro, macro and international
levels. This will be accomplished through a structured learning environment where a solid
theoretical understanding will be acquired during the first part of the program, and where a
practically oriented problem-solving ability will be the focus of the second part of the program.

Figure 3: Overview of the MECON Program (2012)




2.2.1 Specialization in Applied Economic Analysis

The specialization puts an emphasis on acquiring theoretical and empirical problem-solving skills
that can be applied in a wide variety of settings. The analysis of complex real-world problems
increasingly requires the use of solid economic analysis combined with quantitative empirical
methods. Thus, the overall objective of the specialization is for students to learn how to use
economic theory and quantitative methods in solving complex problems in many areas of
economics.

Intended Learning Outcomes (ILOs)

 To be able to use advanced economic theory and quantitative methods in solving
complex economic problems.
 To be able to identify the suitable methods to address such problems.
 To have a critical understanding of current debates and issues in economics




Student Handbook for the MBM, MECON & MFINA Programs

20


Specialization Overview

Year 1: Students deepen their knowledge in the main subjects in the specialization Applied
Economic Analysis (60 ECTS credits).

Year 2: Students take independent elective courses (30 ECTS credits) and write a Master thesis
(30 ECTS credits). Students can apply for the Student Exchange Program or the CEMS Program
and take independent elective courses at one of SSE's partner institutions. They can also apply
for the Executive Trainee Module (one semester).

Year 1
Year 2
Specialization Courses
Independent Electives (may be fulfilled through
an optional program component)

Master Thesis

Student Exchange Program (optional)

CEMS MIM Program (optional)

Executive Trainee Module (optional)

Double Degree Program (optional)

You can find more information about individual courses on the courses' websites, which can be
accessed via the SSE Portal
20
and the SSE's external website
21
.


2.2.2 Specialization in International Economics

The international specialization focuses attention on the implications of interactions between
countries such as international trade and factor movements as well as the reasons why some
countries experience more favorable development trajectories than other countries.

The Specialization in International Economics (IE) combines a rigorous theoretical approach
with extensive real-world applications. You will learn how to use economic theory and
quantitative methods in solving complex problems in many areas of economics.

One of the requirements of the IE specialization is that students need to fulfill an International
Program Component, which may be done either by being accepted and successfully participating
in the SSE Exchange Program, or by carrying out an internship abroad (8 weeks). For detailed
requirements see Appendix 4.


Intended Learning Outcomes (ILOs)

 To be able to use advanced economic theory and quantitative methods in solving
complex economic problems.
 To be able to identify the suitable methods to address such problems.

 To have a critical understanding of current debates and issues in international economics.


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21



Specialization Overview

Year 1: Students deepen their knowledge in the main subjects in the specialization International
Economics (60 ECTS credits).

Year 2: Students take independent elective courses (30 ECTS credits) and write a Master thesis in
International Economics (30 ECTS credits). Students can apply for the Student Exchange
Program or the CEMS Program and take independent elective courses at one of SSE's partner
institutions. They can also apply for the Executive Trainee Module (one semester).

Year 1
Year 2
Specialization Courses
Independent Electives (may be fulfilled through
an optional program component)
International Program Component

*)

Master Thesis

Student Exchange Program (optional)

CEMS MIM Program (optional)

Executive Trainee Module (optional)

Double Degree Program (optional)

*)
Can be fulfilled also during year 2 or during the summer.

You can find more information about individual courses on the courses' websites, which can be
accessed via the SSE Portal
22
and the SSE's external website
23
.




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2.3 MSC IN FINANCE & ACCOUNTING (MFINA) PROGRAM DESCRIPTION

The two-year Master Program in Finance & Accounting (120 ECTS credits) offers three
specializations: Accounting & Financial Management, Corporate Finance, and Investment
Management. The program combines a rigorous theoretical approach with extensive real-world
applications. It is a highly international program where students have access to the SSE student
exchange program as well as a wide variety of elective courses.

When applying, prospective students must choose whether they want to be considered for the
Accounting & Financial Management Specialization or for the two specializations Corporate
Finance and Investment Management. For students enrolled in Corporate Finance (CF) and
Investment Management (IM) combined intake, the choice of specialization is made at the end of
the first semester of the program and students select their specialization through the appropriate
choice of courses along designated pathways. See Appendix 4 for detailed requirements.

Figure 4: Overview of the MFINA Program (2012)




2.3.1 Specialization in Accounting & Financial Management

The specialization adopts an international, corporate perspective on the primary subjects:
financial accounting, management control and financial analysis. Company examples are used
extensively in order to identify relevant issues and to illustrate the use of theory and models in

practice.

The specialization offers a coherent set of courses that cover valuation concepts, accounting
theory, International Financial Reporting Standards (IFRS), financial statement analysis, equity
and firm valuation, financial risk, management control and capital-budgeting issues. The courses
cover both strategic and operational perspectives.

There is a focus on the application of theory-based knowledge to important real-world issues.
Guest lecturers are regularly invited.


Intended Learning Outcomes (ILOs)

After completing the program, the student will be able to demonstrate advanced abilities
(prepare, describe, explain, calculate, interpret, evaluate) within the areas of valuation theory,
accounting theory, International Financial Reporting Standards (IFRS), financial statement
analysis, equity and firm valuation, financial risk, management control and capital budgeting
issues from both strategic and operational perspectives.
Student Handbook for the MBM, MECON & MFINA Programs


23


Specialization Overview

Year 1: Students deepen their knowledge in the main subjects in the specialization Accounting &
Financial Management (60 ECTS credits).

Year 2: Students take independent elective courses (30 ECTS credits) and write a Master thesis

(30 ECTS credits). Students can apply for the Student Exchange Program or the CEMS Program
and take independent elective courses at one of SSE's partner institutions. Students can also
apply for the Executive Trainee Module (one semester).

Year 1
Year 2
Specialization Courses
Independent Electives (may be fulfilled through
an optional program component)

Master Thesis

Student Exchange Program (optional)

CEMS MIM Program (optional)

Executive Trainee Module (optional)

You can find more information about individual courses on the courses' websites, which can be
accessed via the SSE Portal
24
and the SSE's external website
25
.


2.3.2 Specialization in Corporate Finance

The specialization provides students with a thorough understanding of corporate finance, while
at the same time allowing flexibility to design a personal curriculum that broadens the

perspective.

The program is designed to teach students how to apply theoretical tools to real life finance
problems. This entails helping students understand how the financial markets function, why
different instruments and institutions exist and what the basis and consequences of corporate
financial decisions are.


Intended Learning Outcomes (ILOs)

To prepare students for a career in investment banking, private equity, commercial banking,
financial consulting, governments, international financial agencies, or PhD studies.


Specialization Overview

In the first semester, a foundation is provided for the subsequent specialization through four
mandatory courses that are common to the two specializations in Corporate Finance and
Investment Management. In the subsequent semesters, there are no mandatory courses for


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24

students who specialize in Corporate Finance (CF). Instead, students must select at least four
courses from the list of CF core electives (30 ECTS credits). For the four remaining elective
courses (30 ECTS credits), students can choose freely between further CF core elective courses,
IM core elective courses, accounting courses, or independent elective courses (open and
advanced) offered by other departments.

During their second year, students can also apply for the Student Exchange Program or the
CEMS MIM Program. There can also apply for the Executive Trainee Module (one semester) or
the double degree program with Università Commerciale Luigi Bocconi (two semesters). Students
also write a Master thesis (30 ECTS credits) during the second year. For further information see
Appendix 4.

Semester 1
Semester 2
Semester 3
Semester 4
Mandatory Courses
Core Elective Courses
Core Elective Courses
Core Elective Courses

Independent Elective
Courses
Independent Elective
Courses (may be
fulfilled through an
optional program
component)
Independent Elective

Courses (may be
fulfilled through an
optional program
component)


Executive Trainee
Module (optional)
Executive Trainee
Module (optional)


Exchange Program
(optional)
Exchange Program
(optional)


CEMS MIM Program
(optional)
CEMS MIM Program
(optional)


Double Degree
Program (optional)
Double Degree
Program (optional)

Master Thesis
Master Thesis

You can find more information about individual courses on the courses' websites, which can be
accessed via the SSE Portal
26
and the SSE's external website
27
.


2.3.3 Specialization in Investment Management

The specialization provides students with a thorough understanding of investment management,
while at the same time allowing them flexibility to design a personal curriculum that broadens
their perspective.

The overall ambition is to prepare students for taking an active part in strategic corporate
discussions and in the development of new products and trading practices. It will provide you
with a solid academic and analytical foundation for practical decision making in asset
management.





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25


Intended Learning Outcomes (ILOs)

To prepare students for a career in portfolio management, hedge funds, trading, governments,
international financial agencies, as well as PhD studies.


Specialization Overview

In the first semester, the foundation is provided for the subsequent specialization through four
mandatory courses that are common across the two specializations in Corporate Finance and
Investment Management. In subsequent semesters, there are no mandatory courses for students
who specialize in Investment Management (IM). Instead, students must select at least four
courses from the list of IM core electives (30 ECTS credits). For the four remaining elective
courses (30 ECTS credits), students can freely choose between further IM core elective courses,
CF core elective courses, accounting courses, or independent elective courses (open and
advanced) offered by other departments.

During their second year, students can also apply for the Student Exchange Program or the
CEMS MIM Program. They can also apply for the Executive Trainee Module (one semester) or
the double degree program with Università Commerciale Luigi Bocconi, Italy (two semesters).
Students also write a Master thesis (30 ECTS credits) during the second year. For further
information see Appendix 4.

Semester 1

Semester 2
Semester 3
Semester 4
Mandatory Courses
Core Elective Courses
Core Elective Courses
Core Elective Courses

Independent Elective
Courses
Independent Elective
Courses (may be
fulfilled through an
optional program
component)
Independent Elective
Courses (may be
fulfilled through an
optional program
component)


Executive Trainee
Module (optional)
Executive Trainee
Module (optional)


Exchange Program
(optional)

Exchange Program
(optional)


CEMS Program
(optional)
CEMS Program
(optional)


Double Degree
Program (optional)
Double Degree
Program (optional)


Master Thesis
Master Thesis

You can find more information about individual courses on the courses' websites, which can be
accessed via the SSE Portal
28
and the SSE's external website
29
.

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