Basic information of the minor

Code: BIZ30800

Extent: 24 ECTS

Language: English (some courses in Finnish)

Teachers in charge: Tomi Seppälä, Timo Kuosmanen

Application procedure: The general application procedure for minors at Aalto University, see application periods and instructions Quantitative Methods, intermediate level

Degree students at Aalto School of Business do not need to separately apply for a study right for the minor.

Quotas and restrictions: During the academic year 2017-18, maximum of 5 students from other Aalto schools can be granted a study right for this minor. Of this quota, 4 places remain open for applications in the September 2017 application period.

Content and structure of the minor

Nowadays large amounts of data are being automatically created through current IT technologies and database systems. As a result, the demand for specialists who are able to manage, analyse and model the rapidly growing supply of information has enormously increased over the last years and will continue to do so in the future. A minor in Quantitative Methods provides both theoretical and practical knowledge of mathematical and statistical tools that can be used to analyse data to support managerial decision making and economic policy. The aim is to effectively use modern managerial tools, such as quantitative models and information technology, in solving practical business problems. The main themes include statistical methods, simulation, optimization, management decision making, risk management, and econometric methods.

Structure of the minor

Minor in Quantitative Methods can be completed either as intermediate level (BIZ30800) or as advanced level (BIZ41305). Advanced level minor is targeted to Master's level students. If you complete the minor as intermediate level, you can only choose intermediate level courses. If you complete the minor as advanced level, you can freely choose courses from both intermediate level and advanced level offerings.

Choose four of the following courses:




Intermediate level courses


Business Decisions 1



Tilastotieteen jatkokurssi (in Finnish)






Business Mathematics II *)



Negotiation Analytics


Quantitative Methods studies at another university or another Aalto School **)


*) Replaces course 30C00300 Mathematics II and 30C00300 Mathematical Methods for Economists

**) Must be agreed in advance with the coordinators