Admission to Quantitative Economics
- Bachelor's degree or equivalent
NB! Applicants graduating in 2017 and having their diplomas issued later than the application deadline, should electronically submit their most recent official Transcript of Records by the required deadline along with the rest of the required documents. Admitted candidates are required to post the certified copies of their final degree certificate and transcript as soon as they have been issued (the final certificates should reach the University by the end of July).
- Applicants are required to have passed prerequisite subjects in the following areas: mathematics for the value of 9 ECTS and probability and mathematical statistics for the value of 6 ECTS. The bachelor's programmes offered at the Faculty of Economics and Business Administration of the University of Tartu (both in Estonian and English) provide the required number of credit points in mathematics and statistics.
- English language proficiency
FAQ: I am not sure whether I satisfy the requirements concerning mathematics and mathematical statistics. What can I do?
You may always contact the programme manager to give feedback on your transcript. When evaluating the applicants eligibility we will consider all courses, i.e. not only those including „mathematics“ or „statistics“ in their title. If your previous curriculum did not have enough mathematical and statistical courses, you are encouraged to take additional courses at your home university. It is also advisable (although not required) that in addition to mathematical statistics you have taken some courses in data analysis, e.g. in econometrics.
FAQ: I did not take any economics courses during my previous studies. Can I still apply?
The answer is positive. However, it is suggested to take at least 1-2 introductory courses in economics (e.g. basic microeconomics and macroeconomics) if possible. Most of the past applicants studied economics or business administration in their undegraduate studies. Still, some of the best students have come also from other fields (e.g. mathematics and informatics).
FAQ: Is there any age limit for application?
There is no age limit. Most of the applicants have applied during the final year of their undergraduate studies or 1-2 years after graduation. When evaluating applicants we may pay additional attention on those who completed their previous studies several years ago.
Ranking of applicants
The applicants are ranked based on the following two indicators:
- score of the motivation letter (yields 60% of the final score)
- average grade of the previous study level (yields 40% of the final score)
The maximum score is 100 points. The application will be considered for the admissions ranking if a score of 66 points or higher is achieved. Further information on assessing candidates' academic performance and calculating admissions' score.
Application process for Estonian candidates
Applicants who have completed or are about to complete their bachelor´s studies in Estonia should apply via the National Admission Information Systems (SAIS) – further information is available here.
Applicants with Estonian citizenship who have graduated or are about to graduate abroad as well as international applicants should submit their application using the DreamApply system as instructed below.
Application process for international candidates
Guide to applying online (step 1)
Submit the online application via the DreamApply application system. Please be sure to fill in the form correctly with all of the requested information and make sure to submit your application. You are required to upload the electronic copies of all the required documents (please see below) to your online application by March 15. Please keep in mind that the electronic copies must be made of the original educational certificates that have been stamped and signed by the issuing institution. Incomplete applications or those submitted by email will not be considered by the University.
Applicants will receive feedback, notifications and official admission offers through the DreamApply system to their email. Once applying, you should ensure that you have access to your DreamApply and email accounts. The decisions on the applications will be made based on the electronic copies that have been added to the DreamApply system by the applicants. If needed, the University has a right to request the applicant to send application documents by post immediately after providing the scanned copies.
Guide to paper submission (step 2)
All the applicants who have been admitted are required to send all the application documents by post to: Student Admissions, University of Tartu, Ülikooli 18-134, Tartu 50090, ESTONIA. Please note that the documents are expected to be mailed to the University only by those receiving the admission offer (unless instructed otherwise by the admissions staff). Please make sure the documents reach the University within 3 weeks from the announcement of the offer. For example, if the admission offer is announced on April 1, the hard copies of the application documents must be received by the University by April 21. You will be informed when the documents have arrived.
The official admission letter will be sent to the accepted students by email only after reviewing their hard copies of the application documents. Once you receive the admission letter, you may proceed further with arranging your arrival (flights, accommodation and residence permits/visas when applicable). If your application documents do not reach us in 3 weeks, the University has a right to withdraw the admission offer.
Documents to be uploaded electronically and later submitted by regular post
- online application;
- motivation letter - the motivation letter is a part of the application form, and cannot be sent separately. Guidelines and evaluation criteria for the motivation letter are also included in the online application form;
- official copy of the bachelor's diploma or its equivalent and Diploma Supplement (transcript/mark sheet) in the original language (must include description of the grading scale);
- official translation of the bachelor's diploma and Diploma Supplement (transcript/mark sheet) into English, translation certified;
- proof of English language proficiency;
- copy of the passport page stating the applicant's personal particulars.
FAQ. I did my undegraduate studies in English. Do I still have to take the English language examination?
Exam certificate is not required if one has studied in English (with English as medium of instruction), in full-time student status for at least one academic year, in a higher education institution in one of the following countries: USA; Canada; Australia; New Zealand or any of the EU/EEA member states.
SAT test in mathematics (level 1 or level 2) or GMAT test in mathematics is not required for applying, but those who have taken the test are encouraged to submit it, as it is considered an indicator of the candidate's interest and ability to enter the programme. The admission committee can decide to add up to 5 extra points on the motivation letter in case of otherwise equal candidates. The SAT score recipient code for the University of Tartu is 6424.
NB! Applicants graduating in 2017 and having their diplomas issued later than the application deadline, should electronically submit their most recent official Transcript of Records by the required deadline along with the rest of the required documents.
Requirements for educational documents
All copies of educational documents (diplomas and diploma supplements/academic transcripts) must be officially certified. Certified copies should bear an original signature and seal of the authority certifying that these are true copies of the original. The documents can be certified: 1) by an authorized official of the issuing institution; 2) by a notary; 3) with an Apostille attached. The University does not accept simple copies of already certified copies.
Some country-specific requirements also specify the way documents must be certified: important information for non-EU applicants is available here.
Announcement of admission results
The University's Admissions Committee will announce final admission results, including information on tuition waiver scholarships, by May 15 at the latest. Admission offers are sent through the DreamApply system. The offer may be conditional or unconditional. If the offer is conditional, we will set out the conditions in the offer you need to fulfil in order to be admitted to the programme. If you do not fulfil the conditions or inform your admissions coordinator of your decision by the stipulated deadline, we reserve the right to withdraw the conditional admission offer.
Furthermore, we may withdraw or amend any offer or revoke your matriculation as a student of the University, if we discover that your application contains fraudulent information or if you are found to have omitted key information from your application.
Please note that the University cannot grant admission deferrals to accepted candidates who wish to postpone the beginning of their studies to the next academic year.
All admitted students are required to present their original qualification certificates upon arrival (unless these were sent directly from the issuing institution).
Tuition fee and scholarships
The semester fee for tuition fee paying students on this programme is 1700 euros. Note that tuition fees can only be paid once the new autumn semester officially begins.
The School of Economics and Business Administration has planned to admit altogether 25 students this year. Based on the admissions ranking list, 24 best applicants will be given tuition-waiver scholarships. Applicants do not have to apply for this scholarship separately, as they will be considered for the competition automatically.
Students receiving this scholarship do not have to pay the tuition fee if they meet full time enrollment requirements. Full-time study load is completed if no more than 6 credits are missing from the 30 ECTS workload per semester. If students receiving this scholarship fail to complete full-time study load per semester, they have to pay for the credits not earned. The price per credit point is 58 euros. Information on when a tuition-waiver scholarship holder starts paying the tuition fee and instructions for fee paying students is given here.
University of Tartu Foundation offers various scholarships. Some of these are meant especially for economics students.
Information about other scholarships is available here. Students accepted to the programme have also the possibility to work as research and teaching assistants (subject to the availability of places).