Business - QTEM (Major in Economics)
The Business - QTEM (Quantitative Techniques for Economics and Management) program at BI Norwegian Business School, Norway, is designed for students seeking advanced analytical and quantitative skills in economics and business management. This interd...
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Key Statistics
Duration
24 Months
Degree Level
Masters
Field of Study
Business & Management
Intl. Fee
175000 NOK per year
Intake
August
Deadline
April 15
Free guidance • Verified partners • Fast response
Overview
The Business - QTEM (Quantitative Techniques for Economics and Management) program at BI Norwegian Business School, Norway, is designed for students seeking advanced analytical and quantitative skills in economics and business management. This interdisciplinary master's program equips students with robust econometric and data analysis techniques, preparing them for complex decision-making roles in global business and policy environments. With a strong emphasis on international exposure, students participate in a QTEM network, gaining opportunities to study abroad and collaborate with top universities worldwide. The curriculum integrates theoretical knowledge with practical applications through case studies, projects, and internships, fostering critical thinking and problem-solving abilities. Graduates emerge as highly competitive professionals ready to lead in finance, consulting, economic policy, and data-driven industries. BI's strategic location and vibrant academic community provide a supportive environment for personal and professional growth. The program also emphasizes sustainable business practices and ethical leadership, aligning with global economic trends and future workforce demands.
Programme Highlights
- Strong quantitative and econometric training
- International QTEM network exchange opportunities
- Integration of theory and practical business applications
- Focus on sustainable and ethical business practices
- Career support through internships and corporate partnerships
- Access to cutting-edge research and data analysis tools
- Multicultural and collaborative learning environment
Who Should Apply
This program is ideal for ambitious students with a strong quantitative and analytical mindset who aspire to excel in economics, business analytics, or management roles. Candidates passionate about applying advanced economic theories and quantitative methods to real-world business challenges will benefit greatly. Those interested in international exposure, data-driven decision-making, and sustainable business practices should consider applying. The program suits graduates aiming for careers in consulting, finance, economic policy, or research institutions, as well as professionals seeking to enhance their quantitative and managerial expertise.
Career Outcomes
Graduates from the Business - QTEM program are well-prepared for diverse careers in economics, finance, consulting, and data analytics. They are equipped to work in multinational corporations, financial institutions, government agencies, and international organizations. The strong quantitative and international focus enables alumni to assume roles such as economic analysts, management consultants, risk managers, policy advisors, and business strategists. The program’s global network and practical experience enhance employability and open pathways to doctoral studies or leadership positions in the global business environment.
Admission Requirements
Applicants must hold a relevant bachelor's degree in economics, business administration, or related fields with a strong quantitative background. A minimum GPA equivalent to a Norwegian C grade or higher is required. Candidates should demonstrate proficiency in mathematics, statistics, and economics through prior coursework. Submission of official transcripts, a statement of purpose, and letters of recommendation is mandatory. Some programs may require a GMAT or GRE score. International applicants must provide proof of English language proficiency. Relevant work experience or internships can strengthen the application but are not compulsory. BI Norwegian Business School emphasizes academic excellence, motivation, and alignment with program goals during the admission process. Shortlisted candidates may be invited for interviews. Meeting all criteria does not guarantee admission, as selection is competitive.
Essential Documents
Requirements for Indian Students
Indian applicants should hold a bachelor's degree in economics, business, or related fields from a recognized institution with a strong quantitative focus. They must provide official transcripts, proof of English proficiency (IELTS 6.5 or TOEFL 90 iBT minimum), and a statement of purpose outlining their motivation. Letters of recommendation from academic or professional referees strengthen the application. While GMAT/GRE scores are not mandatory, submitting them can enhance the candidacy. Indian students must also prepare for visa documentation and financial proof to support living expenses in Norway. Early application is recommended due to competitive admission and visa processing times.
English Language Requirements
Applicants must demonstrate English proficiency through recognized tests such as TOEFL (minimum 90 iBT), IELTS Academic (minimum 6.5 overall), or equivalent. BI Norwegian Business School accepts proof of prior education conducted in English. Meeting language requirements ensures students can actively participate in lectures, group work, and assignments, maintaining academic standards.
Important Notes for Indian Students
Indian students should prepare thoroughly for the application and visa process, ensuring all documents are complete and translated if necessary. Proof of financial means is critical for visa approval, demonstrating coverage of living expenses and accommodation. Health insurance is mandatory and must be arranged before arrival. Early application is essential to accommodate visa processing times and secure accommodation in Norway. Cultural orientation and language support services are available at BI to assist Indian students in adapting to academic and social life. Students should also be aware of Norway's high living costs and plan finances accordingly. Networking with the Indian student community and BI alumni can provide valuable support.
Fees & Funding
International Tuition Fee
175000 NOK per year
Home/Local Tuition Fee
No tuition fees for Norwegian and EU/EEA students
* Fees are subject to change. Please verify with our counselors or the university website.
Estimated Cost (INR)
Approximately 1,400,000 INR per year (based on exchange rates, subject to fluctuation).
Fee Summary
For international students, the tuition fee is 175,000 NOK per academic year. Norwegian and EU/EEA students are exempt from tuition fees. Additional costs include living expenses, study materials, and insurance. Scholarships are available to offset tuition fees for eligible candidates.
Scholarships
BI Norwegian Business School offers merit-based scholarships and financial aid options for international students, including the BI Presidential Scholarship and QTEM-specific awards. These scholarships are competitive and require a strong academic record, leadership qualities, and motivation aligned with the program's objectives. Additionally, external scholarships from Norwegian government and international organizations may be accessible. Applicants are encouraged to apply early and review eligibility criteria carefully to maximize their chances of receiving funding support.
Visa & Work Permit
International students admitted to BI Norwegian Business School must apply for a student residence permit to study in Norway. The permit application requires proof of admission, financial means to cover living expenses (approximately 126,357 NOK per year), valid passport, and health insurance. Processing times can vary, so early application is advised. Students must register with local authorities upon arrival. The permit allows part-time work up to 20 hours per week during studies and full-time during holidays. Compliance with visa conditions is essential to maintain legal status. BI provides guidance and support throughout the visa process.
Student Visa Overview
Indian and other international students require a student residence permit to study in Norway. The application process involves submitting proof of admission, financial means for living expenses (about 126,357 NOK annually), valid passport, and health insurance. Students can work part-time during studies and full-time during holidays. Early application is important due to processing times. BI Norwegian Business School provides support and guidance with visa procedures to ensure a smooth transition.
Post-Study Work Opportunities
Norway offers a favorable post-study work environment for international graduates. After completing the Business - QTEM program, students can apply for a residence permit extension to seek employment or start a business for up to one year. This period allows graduates to gain professional experience in sectors such as finance, consulting, or economic research. Norway’s strong economy and demand for skilled professionals create ample opportunities. Graduates can also pursue doctoral studies or leverage BI’s global network to explore international career options.
Why we recommend this programme
"We recommend prospective students apply early and ensure all academic and language requirements are thoroughly met to enhance their admission chances. Taking advantage of BI’s active QTEM network can provide invaluable international experience. Indian students should focus on securing scholarships and preparing for the visa process well in advance to avoid delays. Engaging with current students and alumni can offer insights into the program and career opportunities. Given the high living costs in Norway, careful financial planning is advised. Overall, the Business - QTEM program is ideal for students seeking a rigorous quantitative education combined with international exposure and strong career prospects in economics and business."
Frequently Asked Questions
Is work allowed while studying?
Yes, international students can work up to 20 hours per week during the semester and full-time during holidays.
Are scholarships available for Indian students?
Yes, BI offers merit-based scholarships and there are external funding opportunities available for Indian students.
What is the duration of the program?
The Business - QTEM master's program typically lasts two years.
Can I study part of the program abroad?
Yes, students participate in the QTEM network, allowing study exchanges at partner universities worldwide.
What are the English language requirements?
A minimum IELTS score of 6.5 or TOEFL iBT 90 is required.
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