You can study finance in Estonia at bachelor’s and master’s level. Both EU and non‑EU students have options, with English‑taught programmes available. Here is what you need to know about entry requirements, tuition, living costs and the application timeline.
Study levels and programmes
Estonia offers two main levels for finance studies.
- Bachelor’s degree - three years of full‑time study. Common titles are BSc in Finance, Business Administration or Economics.
- Master’s degree - two years of full‑time study. Typical titles are MSc in Finance, Financial Engineering or International Finance.
All programmes are taught in English and listed on each university’s admissions page. Check the programme page for exact titles and specialisations.
Entry requirements
Requirements are similar for most public universities.
- High school diploma or equivalent for bachelor’s programmes.
- Relevant bachelor’s degree with at least a 2:2 (or equivalent) for master’s programmes.
- Proof of English proficiency - usually IELTS 6.0, TOEFL iBT 80 or a university‑issued certificate.
- For non‑EU students, a valid passport and a residence permit once accepted.
Exact criteria are posted on the university’s admissions page. Always check that page before you apply.
Tuition fees
Fees differ for EU and non‑EU students.
- EU students - typically €1,500 to €4,000 per year for bachelor’s programmes and €2,000 to €5,000 per year for master’s programmes.
- Non‑EU students - typically €4,000 to €8,000 per year for bachelor’s programmes and €5,000 to €9,000 per year for master’s programmes.
Public universities charge lower fees than private ones. Check the programme page for the exact amount for the year you plan to start.
Living costs
Estonia is affordable compared with many Western European countries.
- Accommodation - €250‑€400 per month for a student dormitory, €400‑€600 for a private flat.
- Food - €150‑€200 per month.
- Transport - €20‑€30 per month for a public transport card.
- Miscellaneous - €100‑€150 per month for books, leisure and phone.
Overall, budget €600‑€800 per month. Adjust the numbers to your lifestyle and check the university’s student‑life page for local tips.
Application timeline
Most universities follow the same yearly cycle.
- June‑July: Prepare documents, take language tests.
- July‑August: Open online application portals. Deadlines are typically in early August for autumn intake.
- September: Universities review applications and send admission decisions.
- October‑November: Accepted students apply for a residence permit. The Estonian Police and Border Guard Board website provides the official steps.
- January‑February: Enrolment and tuition payment.
Exact dates vary, so check the university’s admissions page each year.
How universities find candidates
Universities use several channels to reach international students.
- National portals such as Study in Estonia list all English‑taught programmes.
- Partner schools and exchange agreements.
- Online search tools where admissions offices filter profiles by field, education level and language.
Having a clear, up‑to‑date profile makes it easier for them to contact you.
Common questions
Do I need a scholarship to study finance in Estonia?
Scholarships exist, but they are competitive. Check the university’s scholarship page and the Estonian government’s study‑grant portal for eligibility.
Can I work while studying?
Yes. Non‑EU students may work up to 20 hours per week during term time. EU students have the same right as local residents.
What visa do I need after admission?
After you receive an admission letter, apply for a long‑term D‑type visa or a residence permit for studies. The Estonian Police and Border Guard Board provides the official procedure.
How Eduuro helps
Create a free profile with your field, education, English level and documents. Admissions offices that search for exactly that can find you and write first.
Rules, fees and deadlines change. Check the university's own admissions page and the official immigration site of the country before you act on anything here.