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Accounting in Sweden is usually offered as a masters course, which takes 1-2 years to complete. The top universities for studying accounting in Sweden offer degrees such as Masters in Accounting and MS in Accounting and Financial Management.
Most of the top universities in Sweden demand a bachelor’s degree in business administration or management, with a minimum overall aggregate of 65-70%. Students outside EU countries can demonstrate their English proficiency via a minimum IELTS score of 6.5 or an equivalent TOEFL score of 90.
Depending on the university or college for accounting in Sweden, the total program costs between 69,960-300,000 SEK (5.57-23.89 lakhs INR). After studying accounting in Sweden, graduates can earn up to 558,000 SEK (44.45 lakhs INR) per annum
Study Accounting in Sweden: Highlights
| Degree Types | Masters in Accounting | MS in Accounting |
| Course Duration | 1-2 years |
| Program Types | Full-Time |
| Admission requirements | Bachelor’s degree (hons) in business administration or management | Minimum overall aggregate of 65-70% | Statement of Purpose (SOP) | GMAT/GRE Scores | Updated Resume/CV | Official Transcripts |
| English Proficiency | IELTS: 6.5 | TOEFL: 90 |
| Tuition Fee | 69,960-300,000 SEK (5.57-23.89 lakhs INR) |
| Average Salary | 558,000 SEK (44.45 lakhs INR) per annum |
Study Accounting in Sweden: Top Universities
The top universities for studying accounting in Sweden, along with the application deadlines and tuition fees are tabulated below:
| University | Program | Application Deadline | Tuition Fee (SEK) |
|---|---|---|---|
| Lund University | MS in Accounting and Finance | January 16, 2023 | 120,000 |
| Uppsala University | Masters in Accounting and Financial Management | January 16, 2023 | 200,000 |
| Stockholm University | Masters in Accounting and Management Control | January 16, 2023 | 180,000 |
| University of Gothenburg | MS in Accounting and Financial Management | January 16, 2023 | 174,000 |
| Linkoping University | Masters in Accounting and Management Control Systems | January 16, 2023 | 69,960 |
| Umea University | Masters in Accounting | January 16, 2023 | 186,000 |
| Karlstad University | Masters in Accounting and Control | January 16, 2023 | 300,000 |
What is Masters in Accounting?
Masters in Accounting is a highly competitive postgraduate program that focuses on advanced accounting and financial management studies. It aims to equip students with crucial accounting and financial skills such as critical thinking, research, and advanced maths. An Accounting and Finance degree not only provides an understanding of accounting practices, principles, finance, and industry but also offers a combination of knowledge and skill sets that can prepare students for any industry.
Why Study Accounting in Sweden?
- According to the QS World Rankings 2023, some of the top universities for studying Accounting in Sweden, including Lund University, Uppsala University, and Stockholm University are among the top 200 universities in the world.
- The average salary after studying Accounting in Sweden can go as high as 558,000 SEK (44.45 lakhs INR) per annum
- Some of the top companies hiring graduates after studying accounting in Sweden are KPMG, PwC, Nordea, Swedbank, Vattenfall, Novacura, and Samsung Electronics AB
- Finance and Administration job roles like Financial Specialist or Consultant are among the list of Most in-demand jobs in Sweden in 2022
- Sweden's accounting and auditing sector is estimated to be worth €3.8 billion and is ranked 8th out of 27 in Europe in 2022.
Study Accounting in Sweden: Specializations and Subjects
Some of the most common subjects included in the curriculum of Accounting courses in Sweden are as follows:
- Business Analytics: Data, Models and Decisions
- Financial Statement Analysis
- Accounting Theory and IFRS
- Auditing
- Management Control Systems in Private and Public sector
- Enterprise Risk Management
- Applied Corporate Finance
- Advanced Data Analysis Controlling, Innovation, and Digitalization
Study Accounting in Sweden: Admission Requirements
Majority of the top universities for studying accounting in Sweden demand a bachelor’s degree (hons) in business administration or management with a minimum overall aggregate of 65-70% . The additional admission requirements for some of the top universities for studying accounting in Sweden are given below:
| University | Admission Requirements | English Proficiency Test Scores |
|---|---|---|
| Lund University | Bachelor’s degree (hons) in business administration or management | Statement of Purpose | Updated Resume/CV | Official Transcripts | IELTS:6.5 | TOEFL: 90 |
| Uppsala University | Bachelor’s degree in business administration or management | GMAT Scores | Official Transcripts | IELTS:6.5 | TOEFL: 90 |
| Stockholm University | Bachelor’s degree in business studies | GMAT/GRE Scores | Official Transcripts | IELTS:6.5 | TOEFL: 90 |
| University of Gothenburg | Bachelor’s degree in business studies | IELTS:6.5 | TOEFL: 90 |
| Linkoping University | Bachelor’s degree (hons) in business administration or management | IELTS:6.5 | TOEFL: 90 |
| Umea University | Bachelor’s degree (hons) in business administration or management | GMAT Scores | IELTS:6.5 | TOEFL: 90 |
| Karlstad University | Bachelor’s degree (hons) in business administration or management | IELTS:6.5 | TOEFL: 90 |
Also check:
Study Accounting in Sweden: Eligibility Criteria
Checklist for the basic admission requirements and eligibility criteria for Studying Accounting in Sweden:
- Bachelor’s degree (hons) in business administration or management
- Minimum overall aggregate of 65-70%
- English Proficiency Test Scores: IELTS: 6.5 | TOEFL: 90
- Statement of Purpose (SOP)
- GMAT/GRE Scores
- Updated Resume/CV
- Official Transcripts
- Valid Passport
- Student Visa
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Study Accounting in Sweden: Cost
The total cost of studying in Sweden usually involves tuition fees and cost of living expenses. Given below is the detailed breakdown of the associated costs.
Study Accounting in Sweden: Tuition Fees
The tuition fees for studying accounting in Sweden in some of the top universities is as follows:
| University | Tuition Fee (SEK) | Tuition Fee (INR) |
|---|---|---|
| Lund University | 120,000 | 9.55 lakhs |
| Uppsala University | 200,000 | 15.93 lakhs |
| Stockholm University | 180,000 | 14.33 lakhs |
| University of Gothenburg | 174,000 | 13.86 lakhs |
| Linkoping University | 69,960 | 5.57 lakhs |
| Umea University | 186,000 | 14.81 lakhs |
| Karlstad University | 300,000 | 23.89 lakhs |
Cost of Living in Sweden
The estimated monthly cost of studying in Sweden is around 10,350 SEK (82,419 INR)
| Expense Type | Average Cost (SEK) | Cost Equivalent (INR) |
|---|---|---|
| Accommodation | 5,250 | 41,824 |
| Food | 3,000 | 23,900 |
| Transportation | 500 | 3,983 |
| Mobile/Internet | 300 | 2,389 |
| Clothing | 500 | 3,983 |
| Miscellaneous | 800 | 6,373 |
It is strongly advised that you buy winter clothing and shoes while you are in Sweden if you are from a region of the world with a warmer climate.
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Study Accounting in Sweden: Scholarships
International students can take advantage of various scholarships offered by the top universities in Sweden. Here is a list of some of the popular scholarships in Sweden for international students:
| Scholarships | Eligibility | Award Details (SEK) |
|---|---|---|
| Inlaks Shivdasani Foundation Scholarships | Enrolled in UK/USA/European universities, minimum overall aggregate of 70-80%, 2 LORs | 10,34,820 |
| Lund University Global Scholarship | Enrolled in any bachelor/master’s program at Lund University, Academic excellence | Full/Partial Tuition Fees coverage |
| Uppsala University Global Scholarship | Enrolled in any master’s program at Uppsala University, Academic excellence | Full Tuition Fees coverage |
| Stockholm University Scholarship Scheme | Enrolled in any master’s program at Stockholm University | Full Tuition Fees coverage |
| Axel Adler Scholarship | Enrolled in any bachelor/master’s program at University of Gothenburg, Academic merit, CV, Letter of Motivation | Full Tuition Fees coverage |
| Umea University Scholarship for International Students | Enrolled in any master’s program at Umea University, Academic excellence | Full/Partial Tuition Fees coverage |
| Karlstad University Global Scholarship | Enrolled in any bachelor/master’s program at Karlstad University, Academic excellence | Full/Partial Tuition Fees coverage |
Study Accounting in Sweden: Placements
Studying accounting in Sweden gives students a strong foundation for a career in accounting, whether it be in accounting and auditing firms, multinational corporations, financial institutions, or governmental organisations. Some of the most preferred job roles and professions after studying accounting in Sweden are:
| Positions | Average Salary (SEK) | Equivalent Salary (INR) |
|---|---|---|
| Managerial and Financial Controller | 521,989 | 41.58 lakhs |
| Management Consultant | 488,000 | 38.87 lakhs |
| Finance Relationship Manager | 896,400 | 71.41 lakhs |
| Chief Financial Officer | 1,229,268 | 97.93 lakhs |
| Financial Reporting Consultant | 544,000 | 43.34 lakhs |
| Financial Analyst | 414,372 | 33.01 lakhs |
| Auditor | 526,000 | 41.90 lakhs |
| Personal Financial Advisor | 545,117 | 43.42 lakhs |
| Accountant | 390,742 | 31.12 lakhs |
Study Accounting in Sweden: College Comparison
| Categories | Lund University | Uppsala University | Stockholm University |
|---|---|---|---|
| QS World Rankings 2023 | 95 | 128 | 153 |
| Admission Requirements | Bachelor’s degree (hons) in business administration or management | Statement of Purpose | Updated Resume/CV | Official Transcripts | Bachelor’s degree in business administration or management | GMAT Scores | Official Transcripts | Bachelor’s degree in business studies | GMAT/GRE Scores | Official Transcripts |
| English Proficiency Test Scores | IELTS:6.5 | TOEFL: 90 | IELTS:6.5 | TOEFL: 90 | IELTS:6.5 | TOEFL: 90 |
| Tuition Fee (SEK) | 120,000 | 200,000 | 180,000 |
| Acceptance Rate | 34% | 80% | 24% |
Explore: Post-Study Work Visa in Sweden
FAQs
Ques: Which is the best course for accounting in Sweden?
Ans: The best course for accounting are offered by the top universities in Sweden such as:
- Lund University
- Uppsala University
- Stockholm University
- University of Gothenburg
- Linkoping University
- Umea University
- Karlstad University
Ques: What are the requirements to study accounting in Sweden?
Ans: Checklist for the basic admission requirements and eligibility criteria for Studying Accounting in Sweden:
- Bachelor’s degree (hons) in business administration or management
- Minimum overall aggregate of 65-70%
- English Proficiency Test Scores: IELTS: 6.5 | TOEFL: 90
- Statement of Purpose (SOP)
- GMAT/GRE Scores
- Updated Resume/CV
- Official Transcripts
- Valid Passport
- Student Visa
Ques: Does Sweden require IELTS?
Ans: Yes, the minimum IELTS score required for studying in Sweden is 6.5
Ques: What are the top careers after studying accounting in Sweden?
Ans: The top careers after studying accounting in Sweden are:Management Consultant
- Finance Relationship Manager
- Chief Financial Officer
- Financial Reporting Consultant
- Financial Analyst
- Auditor
- Personal Financial Advisor
- Accountant
Ques: Are accountants paid well in Sweden?
Ans: Yes, the average starting salary of an accountant in Sweden is 390,742 SEK (31.12 lakhs INR)
Ques: What are the top hiring companies after studying accounting in Sweden?
Ans: Some of the top companies hiring graduates after studying accounting in Sweden are KPMG, PwC, Nordea, Swedbank, Vattenfall, Novacura, and Samsung Electronics AB
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