If you've always wanted to understand how numbers speak in business and influence decisions – but haven’t studied economics or finance before – this programme is your launchpad. The microdegree is based on introductory bachelor-level courses at EBS and is ideal for learners who want to study alongside young future entrepreneurs and business leaders.
Time
Feb 3, 2026 - Apr 28, 2026
Capacity
234 academic hours (including 72 in classroom, 162 individual work, and 0 practical work)
Prerequisites
Entry requirements:
Study Level
Current microdegree belongs to Bachelor's study level
Language
The lectures and study materials are in English.
Method
In class - Students meet with the instructor in class at regularly scheduled times.
Price
€1,230
Location
EBS University, A.Lauteri 3, Tallinn
This microdegree gives you the practical ability to connect financial information with decision-making – starting with the basics of time value of money, investment analysis and risk assessment, and progressing to planning, budgeting and performance evaluation through managerial accounting.
You’ll learn how business numbers reflect strategic choices and how to use that insight in real-world decisions – whether it’s pricing, investment or operational planning.
It’s a mindset shift for those who want to get closer to strategic decision-making, even without a finance background.
This microdegree is designed for locally based professionals from non-business fields, career changers, entrepreneurs, non-business students and other interested individuals who want to start a career in international business without prior education in economics or finance. The programme is ideal for those looking to understand the fundamentals of finance and managerial decision-making and to strengthen their professional communication skills in a business context.
Graduates of the programme will receive a certificate with ECTS credits and practical skills. The microdegree also serves as a strong foundation for further studies at EBS bachelor's programme.
The on-site learning of the microdegree programme will take place from 3 February to 28 April 2026. Lectures and seminars are held twice a week on weekdays in a classroom setting. Classes are scheduled during daytime hours, typically between 10:15 and 17:15, although specific times may vary. No online sessions or live streams are provided.
Financial and Managerial Decision-Making starts at Feb 3, 2026
Aet Toots obtained an MBA degree majoring in accounting and finance at EBS in 2003. The courses taught include Understanding Financial Statements, Accounting for Managerial Decision, Financial Reporting, and Financial Communication. She has gained international experience by teaching at Aix-Marseille University in France, EBS Helsinki in Finland and Oxford Brookes University in the UK. She has been involved in academic programme development and has held a middle-level managerial position as the Head of the Language Centre at EBS.
Professional publications: Estonian Scientific Information System
Alar Kein is a lecturer in Finance and Economics at EBS, focusing on stock market dynamics, including return and volatility spillovers, market anomalies, and the development of financial systems. His research also covers the evolution of the Estonian capital market and the privatization of state-owned enterprises.
He holds a PhD in Economics from Clark University (USA), an MSc in International Securities, Investment and Banking from the University of Reading (UK), and a degree in Economics from Tallinn University of Technology. Alar teaches a range of finance courses at EBS, drawing on extensive academic experience as a researcher, lecturer, and associate professor.
He has received several international scholarships, including the NATO Research Fellowship and Nordic Council Fellowship, and has contributed to multiple international research projects, often as Estonia’s coordinator.
Financial and Managerial Decision-Making
03.02.2026 - 28.04.2026
Weekly timetable:
Applications are open until 25.01.2026
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