Student Handbook for the Master of Science Programs in:

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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 the Program Office and posted on the SSE webpage (www.hhs.se) and on the SSE Portal. The document history (below) lists the changes

Student Handbook

for the Master of Science Programs in:

International Business (CEMS MIM) Business & Management

Specialization in Management

Specialization in Marketing & Media Management Economics

Specialization in Applied Economic Analysis Specialization in International Economics

Finance

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

VALID FOR STUDENTS ENROLLED FROM YEAR 2012

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D

OCUMENT 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.

2013-10-01 Appendix 4 Degree requirements for the MSc in International Business added.

2014-02-11 Chapter 1 Updated information about the insurance for students; Appendix 4 Updated specified degree requirements for MECON.

2014-05-30 Updated names in the MSc programs’ portfolio (Chapter 1).

2015-01-30 Updated study aids allowed in an examination (Chapter 3).

Person responsible for the document history: Natalia Antsiferova, Program Office (Natalia.Antsiferova@hhs.se).

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P

REFACE

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 International Business (CEMS MIM), Business & Management (MBM), Economics (MECON), Finance (MFIN), and Accounting and Financial Management (MAFM). 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 program, as well as the 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. The Student Support will also provide you with information about various services offered at the school.

Pär Åhlström,

Dean Degree Programs

Person legally responsible for this document: Pär Åhlström, Dean Degree Programs (par.ahlstrom@hhs.se).

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T

ABLE OF

C

ONTENTS

1GENERAL INFORMATION ABOUT YOUR STUDIES AT SSE ... 7

1.1STUDENT RIGHTS AND RESPONSIBILITIES ... 8

1.2TEACHING AND LEARNING ... 8

1.3SSEP^ORTAL ... 9

1.4REGISTRATION AND WITHDRAWAL ... 9

1.5ASSESSMENT ... 9

1.6STUDENT EVALUATIONS AND SURVEYS ... 10

1.7SERVICES AVAILABLE TO STUDENTS ... 11

1.8SSEA^LUMNI ... 11

1.9S^TUDENTASSOCIATION (SASSE) ... 11

1.10STUDENT INSURANCE ... 12

2OVERVIEW OF THE SSEMSC PROGRAMS ... 13

2.1MSC IN INTERNATIONAL BUSINESS (MIB)PROGRAM DESCRIPTION ... 15

2.2MSC IN BUSINESS &MANAGEMENT (MBM)PROGRAM DESCRIPTION ... 17

2.2.1 Specialization in Management ... 17

2.2.2 Specialization in Marketing & Media Management ... 18

2.3MSC IN ECONOMICS (MECON)PROGRAM DESCRIPTION ... 20

2.3.1 Specialization in Applied Economic Analysis ... 20

2.3.2 Specialization in International Economics ... 21

2.4MSC IN FINANCE (MFIN)PROGRAM DESCRIPTION ... 23

2.4.1 Specialization in Corporate Finance ... 23

2.4.2 Specialization in Investment Management ... 24

2.5MS^{C IN}A^CCOUNTING&FÎNANCIALMÂNAGEMENT(MAFM)P^ROGRAMDÊSCRIPTION 26 2.6OVERVIEW OF OPTIONAL PROGRAM/SPECIALIZATION COMPONENTS ... 27

2.6.1 Student Exchange Program ... 27

2.6.2 CEMS Master in International Management (CEMS MIM) ... 27

2.6.3 Executive Trainee Module (XTM) ... 27

3SSEACADEMIC REGULATIONS ... 28

3.1P^ROGRAMR^{ULES AND}R^EGULATIONS ... 28

3.1.1 Degree Requirements ... 28

3.1.2 Maximum Period of Study ... 28

3.1.3 Transfer of Credits ... 29

3.1.4 Study Pace Requirements ... 30

3.1.5 Grade Point Average (GPA) ... 30

3.1.6 Tuition Fees ... 31

3.1.7 Academic Misconduct ... 31

3.1.8 Regulations for Optional Program/Specialization Components ... 31

3.2COURSE RULES AND REGULATIONS ... 34

3.2.1 Registration and Withdrawal ... 34

3.2.2 Rules and Regulations for Course Grading ... 35

3.3RULES AND REGULATIONS FOR ASSESSING STUDENT LEARNING ... 37

3.3.1 Rules and Regulations for Partial Examinations ... 37

3.3.2 Rules and Regulations for Written Examinations ... 38

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3.3.3 Rules and Regulations for Other Forms of Assessment... 43

3.4RULES AND REGULATIONS FOR THE MASTER THESIS ... 43

3.4.1 Prerequisites ... 43

3.4.2 Time Period and Format ... 43

3.4.3 Writing the Thesis with a Student from a Different Program/Specialization or University ... 44

3.4.4 Writing Abroad or Having a Supervisor from another University ... 44

3.4.5 Supervisor and Examiner ... 44

3.5MSC-PHDPARALLEL ENROLLMENT ... 44

3.5.1 Requirements for MSc Graduation for Students in MSc-PhD Parallel Enrollment ... 45

3.6DEGREE CERTIFICATE ... 46

3.6.1 Application for a Degree ... 46

3.6.2 Turn-around Time ... 46

3.7O^THERR^EGULATIONS ... 46

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 FROM 2012 ... 50

1 SPECIFIED DEGREE REQUIREMENTS -INTERNATIONAL BUSINESS (INCLUDING CEMSMIM) .. 50

1.1 Mandatory Courses ... 50

1.2 Elective Courses ... 51

1.3 Specific Guidelines for the Master Thesis ... 51

1.4 Additional Degree Requirements ... 51

1.5 Information on Additional CEMS MIM Degree Requirements ... 52

2 SPECIFIED DEGREE REQUIREMENTS -MSC IN BUSINESS &MANAGEMENT (MBM) ... 53

2.1 SPECIALIZATION IN MANAGEMENT ... 53

2.2.1 Mandatory Courses and Core Elective Courses ... 53

2.2.2 Independent Elective Courses (Open and Advanced Electives) ... 53

2.2.3 Specific Guidelines for the Master Thesis ... 53

2.2.4 Additional Rules for Optional Program Components ... 54

2.2.5 Additional Degree Requirements ... 54

2.2 SPECIALIZATION IN MARKETING &MEDIA MANAGEMENT ... 54

3 SPECIFIED DEGREE REQUIREMENTS -MSC IN ECONOMICS (MECON) ... 56

3.1SPECIALIZATION IN APPLIED ECONOMIC ANALYSIS ... 56

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3.2SPECIALIZATION IN INTERNATIONAL ECONOMICS ... 59

4 S^PECIFIEDDÊGREEREQUIREMENTS - MS^{C IN}A^CCOUNTING& FÎNANCIALMÂNAGEMENT (MAFM) ... 62

4.1 Mandatory Courses and Core Elective Courses ... 62

4.2 Independent Elective Courses (Open and Advanced Electives) ... 62

4.3 Specific Guidelines for the Master Thesis ... 62

4.4 Additional Rules for Optional Program Components ... 63

4.5 Additional Degree Requirements ... 63

5 SPECIFIED DEGREE REQUIREMENTS -MSC IN FINANCE &ACCOUNTING (MFINA) ... 64

5.1SPECIALIZATION IN CORPORATE FINANCE ... 64

5.2SPECIALIZATION IN INVESTMENT MANAGEMENT ... 68

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1 G

ENERAL

I

NFORMATION

A

BOUT

Y

OUR

S

TUDIES 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.

At present 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 International Business (Stockholm)

 Two-year Master of Science Program in Business & Management (Stockholm)

 Two-year Master of Science Program in Finance (Stockholm)

 Two-year Master of Science Program in Accounting & Financial Management (Stockholm)

 Two-year Master of Science Program in Economics (Stockholm)

 Two-year Master of Science Program in General Management (Stockholm)

 Four-year PhD Program in Business Administration (Stockholm)

 Four-year PhD Program in Economics (Stockholm)

 Four-year PhD Program in Finance (Stockholm)

 SSE MBA Executive Format (Stockholm)

 Executive MBA Program (Riga)

 Executive MBA program (Russia)

SSE also offers three double-degree programs at the master's level:

 CEMS Master in International Management (CEMS MIM) together with CEMS, the Global Alliance in Management Education.¹

 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. The Doctoral programs are intended for students with a university degree

1 CEMS is a global alliance of leading business schools and multinational companies, see also http://www.cems.org/

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in one of the economic disciplines, meanwhile executive education programs are offered for the students with the relevant professional experience.

1.1 S

^TUDENT

R

^{IGHTS AND}

R

ESPONSIBILITIES

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. 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.²

The Faculty and Program Board at SSE handles the 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 T

EACHING AND

L

EARNING

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.

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 credits³ (1.5

2 Equality at SSE, see more here: http://www.hhs.se/About/Equality/Pages/default.aspx

3 European Credit Transfer and Accumulation System credits; hereinafter referred to as ECTS credits or credits.

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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.

1.3 SSE P

ORTAL

Through SSE Portal (https://portal.hhs.se/) 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 R

EGISTRATION AND

W

ITHDRAWAL

Students have to register for all courses, seminar groups, and exams and give notification of withdrawal from any of these on the SSE Portal. 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 under the Student Support.

1.5 A

SSESSMENT

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.

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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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. 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 S

TUDENT

E

VALUATIONS AND

S

URVEYS 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 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 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.

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1.7 S

^ERVICES

A

^VAILABLE

T

^O

S

^TUDENTS

Academic Support & Records and Program Office

Student counseling, special needs and assistance in resolving student-health issues, formal grade transcripts, degree certificates, examinations, system support, scheduling, statistics, and central course administration are the main areas of responsibility of the Academic Support & Records department. For further information please see under the Student Support on the SSE Portal.

Questions concerning program marketing, student recruitment, admissions, central course evaluation, program support, quality assurance, and student exchange are handled by the Program Office.

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 (www.hhs.se/library).

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 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.

1.8 SSE A

^LUMNI

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 welcomes your thoughts and ideas at alumninet@hhs.se.

1.9 S

^TUDENT

A

SSOCIATION

(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 (www.sasse.se) for more information.

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1.10 S

^TUDENT

I

^NSURANCE

All students (including PhD students) registered at SSE are insured by the Stockholm School of Economics via IF (accident insurance) and via ERV (travel insurance). The insurance covers medical treatment and travel due to medical treatment for accidents that occur during SSE and SASSE activities. Students should have a Swedish personal number (personnumer) and should be registered in the Swedish Social Insurance Agency (Försäkringskassan). The insurance does not cover accidents outside the SSE premises, and the travel insurance is valid only for the travels organized by the school.

Before traveling, students are encouraged to study the conditions for their home and/or travel insurance.

If an accident has happened, contact IF (www.if.se) or via phone 0771 815 818. If something happens during the school trip, contact ERV’s assistance company Euro-Alarm, that is open 24/7. Tel: +46 770 456 919.

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2 O

VERVIEW OF THE

SSE MS

C

P

ROGRAMS

SSE provides a range of Master of Science programs. Described in this handbook are MSc in International Business (MIB), MSc in Business & Management (MBM), MSc in Economics (MECON), MSc in Finance (MFIN), and MSc in Accounting and Financial Management (MAFM).

Introduction to the SSE MSc Programs

An overall aim of the SSE MSc programs 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 credits⁴). In the MIB, MBM, MECON, MFIN and MAFM programs, students deepen their knowledge in the main subject of their chosen program (60 ECTS credits); either specialize further or broaden their understanding through independent elective courses (30 ECTS credits) and write a Master thesis (30 ECTS credits). It is also possible to participate in the SSE Student 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 programs 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 the introduction days. Those 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

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about their opportunities for the future, and to understand better what SSE expects of them. The introduction 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, 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, CEO of IFL).

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, MFINA, and MGM 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, MFINA, and MGM

 One representative from each institution

 Two student representatives

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.

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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 and delivery of their programs.

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.

2.1 MS

^{C IN}

I

NTERNATIONAL

B

^USINESS

(MIB) P

^ROGRAM

D

^ESCRIPTION

The program provides training that helps students master the challenges of management and strategy in global organizations. The program combines advanced analytical training with active learning in real projects together with SSE and CEMS corporate partners.

Intended Learning Outcomes (ILOs)

Upon completion of the program, students will possess the following knowledge, skills and abilities:

 To possess deep and integrated understanding of how international firms and organizations function.

 To translate international business issues and management challenges into structured, actionable problems, develop solutions and communicate these problems and solutions in a clear and convincing way.

 To navigate international firms and organizations and achieve results that benefit the organizations, its stakeholders, and society.

 To manage oneself, others and businesses with the highest standards of ethical and social responsibility and professional integrity.

 To reflect critically and creatively on experiences in light of previous learning.

Program Overview

Year 1: Students follow core courses in management and strategy (45 ECTS credits) and conduct one research project (15 ECTS). Two international trips further expand the international perspective.

Year 2: Students follow the CEMS MIM curriculum, which implies two core courses in strategy and management (15 ECTS), independent electives (30 ECTS) and a Business Project (15 ECTS).

One semester is spent on exchange at a CEMS partner school. Additional components, such as a CEMS Block Seminar are required for the CEMS MIM certificate but not for the MBM/IB degree.

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Year 1 Year 2

Program Courses CEMS MIM Core Courses

International Field Trip Independent Electives

Research Project CEMS MIM Exchange Semester

International Study Trip CEMS Business Project

(International Internship)

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

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2.2 MS

^{C IN}

B

^USINESS

& M

^ANAGEMENT

(MBM) P

^ROGRAM

D

^ESCRIPTION

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

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 the students not only learn about creating, developing, running and leading businesses, but also to develop as an individual and refine their management capabilities.

Figure 2: Overview of the MBM Program

2.2.1 Specialization in Management

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

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.

 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.

Business &

Management (MBM)

Management

Marketing and Media Management

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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)

2.2.2 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 the student also learns 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 to 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 students for positions such as product manager, marketing director, business development manager or, sales manager, and to give the necessary foundation for assuming top executive positions later in the career.

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.

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 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.

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

Executive Trainee Module (optional) Master Thesis

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

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2.3 MS

^{C IN}

E

^CONOMICS

(MECON) P

^ROGRAM

D

^ESCRIPTION

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 students a deep understanding of economics, and to equip them to address challenging economic problems. They 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

2.3.1 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.

 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

Economics (MECON)

Applied Economic Analysis

International Economics

Combined intake

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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

Master Thesis

Student Exchange Program (optional) CEMS MIM Program (optional) Executive Trainee Module (optional) Double Degree Program (optional)

2.3.2 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 (i) being accepted and successfully participating in the SSE Exchange Program, (ii) by taking two additional courses in International Economics during semester 3 or (iii) by carrying out an internship abroad (8 weeks). For detailed requirements see Appendix 4.

 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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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

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.

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2.4 MS

^{C IN}

F

^INANCE

(MFIN) P

^ROGRAM

D

^ESCRIPTION

The two-year Master Program in Finance (120 ECTS credits) offers two specializations:

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.

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 MFIN Program

2.4.1 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.

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

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

Finance

Corporate Finance

Investment Management

Combined intake

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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, Investment Management (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. They 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) Double Degree

Program (optional) Double Degree Program (optional) Master Thesis Master Thesis

2.4.2 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 students with a solid academic and analytical foundation for practical decision making in asset management.

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

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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, Corporate Finance (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) Double Degree

Program (optional) Double Degree Program (optional) Master Thesis Master Thesis

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2.5 MS

^{C IN}

A

^CCOUNTING

& F

^INANCIAL

M

^ANAGEMENT

(MAFM) P

^ROGRAM

D

ESCRIPTION

The program 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 program 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.

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.

Program Overview

Year 1: Students deepen their knowledge in the main subjects in the program 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

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

Master Thesis

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2.6 O

VERVIEW OF

O

^PTIONAL

P

^ROGRAM

/S

PECIALIZATION COMPONENTS 2.6.1 Student Exchange Program

SSE operates an extensive student exchange program with a number of top ranked universities and business schools around the world. Within the program, there are approximately 80 places yearly for MSc students to go abroad to one of SSE's partner universities. For more information please see the Student Support page on the SSE Portal.

Please refer to Section 3.1.8 for rules and regulations for the Student Exchange Program.

2.6.2 CEMS Master in International Management (CEMS MIM)

The CEMS MIM is a one-year joint degree program, exclusively open to the master students of the CEMS schools who meet very strict selection criteria, and go on to receive the CEMS degree in conjunction with the degree from their home school. The CEMS program consists of several compulsory elements: an initial one-week block seminar, CEMS courses, a business project, an academic semester abroad, skills seminars and two foreign languages. For more information, please see the Student Support page on the SSE Portal and the CEMS website⁵.

Please refer to Section 3.1.8 for rules and regulations for the CEMS program.

2.6.3 Executive Trainee Module (XTM)

The SSE MSc Executive Trainee Module (XTM) is a 20-week module which replaces the independent elective courses (30 ECTS credits) in the program. The module is built on two elements. Firstly, students will be given the opportunity to experience a tailor-made executive trainee program in a company. Secondly, students are required to write a case report on how to solve a real and complex problem of strategic importance to the company.

Please refer to Section 3.1.8 for rules and regulations for the XTM module.

5 http://www.cems.org/

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This is an unofficial English translation of the SSE academic regulations for the MSc programs MBM, MECON and MFINA. The translation is for informational purposes only and hasbeen prepared solely for the convenience of students, faculty and other interested parties who do not read Swedish. The only official and binding version of the MSc programs' academic regulations is the Swedish version issued on August 16, 2012.

3.1 P

^ROGRAM

R

^{ULES AND}

R

^EGULATIONS

The rights and obligations of SSE students are formulated below. These rules and regulations govern the relationship between SSE and its students.

3.1.1 Degree Requirements

In order to receive an SSE Master of Science (MSc) degree, students must earn 120 ECTS credits.⁶ These credits consist of 60 credits of courses divided between mandatory courses and core elective courses as stipulated by the specified rules for each program/specialization, 30 credits of independent elective courses (open or advanced), and a 30 credits Master thesis. Specified degree requirements for each program/specialization can be found in Appendix 4 to this document.

The requirement for independent elective courses (open or advanced) can also be fulfilled through successful participation in one of the optional program components – i.e. the MSc exchange program, a semester abroad within the CEMS program, or by completing the Executive Trainee Module (XTM) according to the rules in Section 3.1.8, and the specified degree requirements for each program/specialization (see Appendix 4).

Once a student has fulfilled the requirements specific to the program/specialization within which he/she is enrolled, that student can apply for the MSc degree certificate (see Section 3.6).

In addition to the credits required to meet the degree requirements (120 ECTS credits), students may earn up to a maximum of 15 credits for additional SSE MSc courses.

When students with more than 120 ECTS credits apply for their degree certificate they choose which courses are used to meet the specified MSc degree requirements and which courses will serve as complement to the MSc degree. The complementary courses are not part of the MSc degree and are not listed on the degree certificate, but they are included in a special appendix to that certificate.⁷

3.1.2 Maximum Period of Study

Studies in the MSc programs are full time and students are expected to fulfill the requirements of their program within 2 years. The period of study is defined as starting the day the student enrolls in a program and ending when he/she fulfills all requirements for that specific degree. The maximum period of study for the MSc programs is 3 years. Students are exempted from this

7Complementary courses are, however, included in the calculation of GPA (Grade Point Average – see Section 3.1.5).

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regulation only if especially serious grounds exist.⁸ Applications for exemptions should be submitted to a study counselor, who takes the decision.

Former students in the MSc programs who were deregistered without completing a degree from SSE can be readmitted in competition with other applicants provided that they meet the relevant admission requirements. The credits earned by readmitted students during previous enrollment(s) will not necessarily be counted towards their degree. Decisions about these transfers rest with the MSc Associate Dean.

Postponement of the Program Start⁹

Students can, in conjunction with their admission to SSE, apply to postpone their program start.

The application supported by the certified documents should be submitted to a study counselor.

Postponements are approved if especially serious grounds exist and the decision is made by the counselor who deals with the case. A postponement is given for 12 months, i.e. to the start of the following academic year.

Postponement means that students can reenter SSE the following year without having to compete with other applicants. The year of enrollment is considered to be the year the student first registers in the program, but the student has to follow the curriculum from the year he/she starts studying.

Formal Leave of Absence

A formal leave of absence within a period of study can only be granted for a full semester or an academic year; the maximum period of study is extended with the corresponding time period. A formal leave of absence is approved if especially serious grounds exist. The application should be submitted to a study counselor who takes the decision.

3.1.3 Transfer of Credits

Transfer of Course Credits – Student Exchange Program & CEMS Program

Course credits earned for studies carried out under the scope of the SSE Student Exchange Program as well as the semester abroad within the CEMS program can be used toward an MSc degree. Transfer of course credits is subject to approval by SSE. A maximum of 30 ECTS credits per semester can be transferred¹⁰, but no grades will be stated.

8 Examples of especially serious grounds are hospital stay, death of a family member, parental leave or an illness which prevents the student over a long period from completing her or his studies. Employment and the responsibilities incumbent upon the student are not considered especially serious grounds. An application for exemption based on especially serious grounds must be supported by certified documents.

9 The Program Start is defined as the point of time when the accepted applicant signs the SSE Registration Book.

10 Students, who spend more than one semester abroad within the CEMS Tri-National Track, must contact a study counselor to determine how a suitable credit transfer can be arranged within the framework of the regulations.