Empowering Decision-Making with Strategic Financial Management

The capability of financial management to deliver critical information that supports informed business decision-making is a fundamental driver of organizational success. The primary role of the entire finance function has evolved into that of a strategic partner for management, moving beyond simply supporting day-to-day operations. Similarly, it is essential for business executives to effectively interpret and apply financial information in leading business strategy and operations. 

Aalto EE offers a diverse range of financial management training programs tailored to various organizational levels and specific needs. Our programs provide valuable insights into the evolving roles and responsibilities of financial professionals and significantly enhance crucial competencies essential for achieving organizational objectives. Key focus areas include deepening business understanding, exploring the transformative potential of digitalization, data analytics, and artificial intelligence in finance, and mastering tools for effective communication and influencing. Participants will learn to increase their impact as a strategic partner for the management within their business.

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CEFA 1 Examination Day November 7, 2025

November 7, 2025

Onsite

Helsinki

English

CEFA 1 exam covers topics in CEFA 1 module: Financial Accounting and Statement Analysis, Equity Valuation and Analysis and Corporate Finance

€ 200 (+VAT)

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CEFA 2 Examination Day January 16, 2026

January 16, 2026

Onsite

Helsinki

English

CEFA 2 exam covers topics in CEFA 2 module: Fixed Income Valuation and Analysis, Economics

€ 200 (+VAT)

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CEFA (by EFFAS) 3 Examination Day March 20, 2026

March 20, 2026

Onsite

Helsinki

English

The exam covers topics in the CEFA (by EFFAS) 3 module: Derivative Valuation and Analysis, Portfolio Management

€ 200 (+VAT)

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Tehokas hallitustyö finanssialalla

May 6–7, June 4, 2026

Aalto University Töölö, Helsinki, Finland

Finnish

The program strengthens board members’ capabilities to operate on the board of a financial company, with a focus on risk management, good governance requirements, and financial sector supervision.

€ 3,900 (+ VAT) € 3,450 (+ VAT)

€ 3,900 (+ VAT)

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Aalto CFO Program

May 19 – August 21, 2026

Onsite

Aalto University Töölö, Helsinki, Finland

English

The program is designed for finance executives who want to advance their skills in leading financial functions, increase their weight as a strategic business partner, and gain the confidence to influence.

€ 7,500 (+ VAT) € 6,800 (+ VAT)

€ 7,500 (+ VAT)

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CEFA (by EFFAS) 4 Examination Day May 22, 2026

May 22, 2026

Onsite

Helsinki

English

The exam covers topics in the CEFA (by EFFAS) 4 module: European Regulation, Ethics, and National Specific Components

€ 200 (+VAT)

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Venture Capital & Private Equity

May 26-28, 2026

Onsite

Aalto University Töölö, Helsinki, Finland

English

The program improves your success in venture capital investments by increasing your skills in key venture capital investment themes. It increases the hunger for growth and know-how of investor teams and strengthens the foundations for the...

4,350 € (+ VAT) € 4,350 (+ VAT)

4,350 € (+ VAT)

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Business Controller liiketoiminnan strategisena kumppanina

September 22 – November 25, 2026

Onsite

Aalto University Töölö, Helsinki, Finland

Finnish

The program will give you the tools to develop your Business Controller skills and your organization's operating practices. At the heart of the training is the role of the sparring partner for the management in steering the business and...

€ 5,600 (+ VAT) € 5,100 (+ VAT)

€ 5,600 (+ VAT)

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Riskienhallinta ja compliance finanssialalla

September 23 – November 11, 2026

Helsinki, Finland

Finnish

The program covers risk management, compliance building, ethical issues, diverse risks, and financial sector regulation. It helps identify key challenges and provides practical tools to develop and enhance compliance activities.

€ 3,400 (+ VAT)

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Certified European Financial Analyst (CEFA) by EFFAS

September 28, 2026 – May 2027

Onsite

Aalto University Töölö, Helsinki, Finland

English

The program provides uniform high-level standardized training for investment and finance professionals, leading to the highly respected CEFA (by EFFAS) qualification accredited in 27 European countries.

€ 10,790 (+ VAT) € 10,190 (+ VAT)

€ 10,790 (+ VAT)

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Mergers and Acquisitions

September 30 – October 2, 2026

Onsite

Aalto University Töölö, Helsinki, Finland

English

The program gives you a structured understanding of the M&A process and equips you with the tools and skills needed to succeed in each phase. It focuses on M&A as a means to implement company strategy and deepens understanding of different...

3 days

€ 4,650 (+ VAT) € 4,350 (+ VAT)

€ 4,650 (+ VAT)

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Financial Decision-Making

February 2027 (3 days)

Onsite

Aalto University Töölö, Helsinki, Finland

English

The program provides you with an understanding of balance sheets, income statements, cash flow statements, and other financial disclosures, and how this information relates to key variables in management decisions.

3 days + pre- and post-assignments

€ 4,650 (+ VAT)

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Fundamentals of Accounting

Estimated Study Time: 27 hours

Self-paced online

E-learning environment

English, Finnish

A cost-effective and flexible online course on basic financial and management accounting. The course introduces basic financial and management accounting. During the course, you will learn everything experts and management need to know...

€ 200 (+ VAT) € 200 (+ VAT) -30%

€ 200 (+ VAT)

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Any time: License for 90 days starting from the order date

Finance for Better Business

Agreed together with the customer

Onsite

Agreed together with the customer

English

For Organizations

The program delves into the core principles and applications of finance and accounting. It equips you with a robust understanding of scrutinizing financial statements, interpreting key financial metrics, and making astute business and...

3 days

Agreed together with the customer

Sijoitusneuvojan tutkinto (APV2)

By appointment, on selected date.

Self-paced online

Proctored exam on the DigiExam platform.

Finnish

This exam is held in Finnish and Swedish. Please note that the website is also in Finnish.

€ 770 (+ VAT)

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Sijoitusneuvojan tutkinto (APV2)

Talous haltuun virtuaalisesti

Estimated Study Time: 27 hours

Self-paced online

E-learning environment

English, Finnish

A cost-effective and flexible online course on basic financial and management accounting. The course introduces basic financial and management accounting. During the course, you will learn everything experts and management need to know...

€ 200 (+ VAT) € 200 (+ VAT) -30 %

€ 200 (+ VAT)

Read more

Any time: License for 90 days starting from the order date

Vakuutustutkinto, VTS®

Online in an exam environment

Finnish

This exam-based basic degree provides an overview of the insurance industry and its types. It introduces students to the principles of insurance, legislation, economic significance, marketing, and social insurance.

€ 1,300 (+ VAT)

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Several exam days per year

Rahoitusasiantuntijan osaamiskoe 1

Online test at e-learning environment

Finnish

Rahoitusasiantuntijan osaamiskoe is a test that verifies the competence of experts in the financial sector and other professionals who work with financial themes outside the industry. By passing the skills test, you demonstrate your...

€ 700 (+ VAT)

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APV ESG -tentti

By appointment, on selected date.

Self-paced online

Proctored exam on the DigiExam platform.

Finnish

The APV ESG exam helps maintain up-to-date expertise in the investment services sector. The exam is available in Finnish. Please note that the exam web page is also in Finnish.

€ 85 (+VAT)

Sijoituspalvelututkinto (APV1)

By appointment, on selected date.

Self-paced online

Proctored exam on the DigiExam platform.

Finnish

This exam is held in Finnish and Swedish.

€ 440 (+ VAT)

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Rahoitusasiantuntijan osaamiskoe 2

Online test at e-learning environment

Finnish

Rahoitusasiantuntijan osaamiskoe is a test that verifies the competence of experts in the financial sector and other professionals who work with financial themes outside the industry. By passing the skills test, you demonstrate your...

€ 350 (+ VAT)

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Anti-Corruption and Bribery and Promoting Fair Competition

Estimated Study Time: 30 minutes

Self-paced online

E-learning environment

English

This online course builds an understanding of corruption, bribery, and fair competition, and their harmful effects on society. It covers key forms of corruption and provides illustrative real‑world examples.

€ 100 (+ VAT) € 127.50 (+ VAT) (normal fee € 150 + VAT)

€ 100 (+ VAT)

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Any time: License for 90 days starting from the order date

APV CPD – Annual Competence Assessment

Anytime all year round.

Self-paced online

E-learning environment

Finnish

The APV CPD is intended for all investment experts to ensure continuous competence maintenance. By taking the exam annually, you ensure that your skills and knowledge are up to date.

€ 50 (+VAT)

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Rahoitusasiantuntijan osaamiskoe 1

Online test at e-learning environment

Finnish

Rahoitusasiantuntijan osaamiskoe is a test that verifies the competence of experts in the financial sector and other professionals who work with financial themes outside the industry. By passing the skills test, you demonstrate your...

€ 700 (+ VAT)

Read more
Rahoitusasiantuntijan osaamiskoe 1

Online test at e-learning environment

Finnish

Rahoitusasiantuntijan osaamiskoe is a test that verifies the competence of experts in the financial sector and other professionals who work with financial themes outside the industry. By passing the skills test, you demonstrate your...

€ 700 (+ VAT)

Read more

Exams and proficiency tests

Meet Our Faculty

Mirel Leino-Haltia

Mirel Leino-Haltia is a professor of practice at Aalto University. She is also an experienced board professional and has also served as Chairman of the Board and Chairman of the Audit Committee.

Her particular interests include corporate governance, ESG and responsibility, risk management, financial services regulation and compliance.

Teemu Malmi

Teemu Malmi is a Professor of Accounting and Head of the Department of Accounting at Aalto University School of Business.

Professor Malmi specializes in management systems, strategy implementation, and cost and profitability accounting. He teaches frequently in a variety of Executive Programs and has served as an advisor to a large number of companies from various different industries: IT, electronics, energy, finance, food, health care, media, metal and engineering, paper and pulp, pharmaceuticals, rental services, retail, telecom and transportation/logistics and the public sector.

Teemu Malmi holds a Ph.D. in Accounting and Finance from The Helsinki School of Economics, which was merged into Aalto University in 2010.

Emilia Bunea

Emilia Bunea is CEO and co-founder of Ed.movie, an organization dedicated to bringing academic research and leadership practice closer together

She combines more than 20 years of experience in CFO and CEO roles within Fortune 500 financial services organizations with research in leadership and organizational behavior.

Emilia holds a PhD in Organizational Leadership from Vrije Universiteit Amsterdam and is a CFA charterholder. Her research focuses on leaders’ effectiveness, exploring how top leaders sustain performance in complex environments.

She is the author of Leadership for the CFO (Routledge, 2025), a book that examines the evolving leadership role of finance executives. Emilia is also the creator and producer of Crosroads Life, the world’s first cinematic management case, portraying the leadership journey of a CFO in a global corporation, that has received multiple international awards.

Through her work, Dr. Bunea delivers learning experiences that connect rigorous academic insight with the realities of leadership in global financial organizations.

Vesa Puttonen

Vesa Puttonen is a Finnish business economist and Professor of Finance at Aalto University School of Business. He is one of Finland's most well-known experts in investment and financial markets.

He worked at the Vaasa University of Applied Sciences, Turku School of Economics, and the Academy of Finland. In addition, he was a Visiting Scholar at New York University, Stern Business School (USA). He specializes in strategic finance, risk management, portfolio management, sustainable investments and marketing financial services.

Also, he worked in corporate management positions such as Managing Director at Conventum Fund Management Ltd, and Senior Vice-President, Equity Products & Markets at the Helsinki Stock Exchange. Previously, he was Chairman of the Board of Directors at VR Corporation and has acted as a member of the Board of Directors in various organizations and listed companies. Currently, he is a member of the investment committee of SITRA (The Finnish Innovation-Fund) and a member of the Board of NASDAQ Nordic Foundation. 
 
Professor Puttonen has published several books & articles on strategic finance, risk management & behavioral finance. His publications appear in the Financial Analysts Journal, Financial Management, Journal of Banking and Finance, Management Science, Journal of Asset Management and Journal of Financial Services Marketing. He received his Doctorate at the University of Vaasa in 1993.

Matti Suominen

Matti Suominen is Professor of Finance at Aalto University School of Business.

Suominen specializes in information economics in financial markets, market microstructure and corporate finance.

Suominen has previously worked as a consultant at the European Corporate Finance Practice of McKinsey & Co. and as a Chief Dealer in the Options and Futures Markets in Finland. From 1997 until 2006 he was in the full-time faculty at INSEAD, working first as an Assistant Professor and later as an Associate Professor of Finance. Although already also at the Aalto University, between 2006 and 2015 he has continued to work with INSEAD as an Adjunct Professor of Finance or as a Visiting Professor of Finance.  

Suominen is actively involved in management consulting for financial institutions and executive education. He has taught in the MBA, PhD, and executive education programs. He has also taught in several company specific programs worldwide.  

Matti Suominen did his PhD in Financial Economics in 1997 at the University of Pennsylvania, where he has also worked as a Visiting Associate Professor at Wharton.

Sami Torstila

Sami Torstila is an Associate Professor of Finance and former Head of the Department of Finance (2014–2016) at Aalto University School of Business.  He specializes in corporate finance and mergers and acquisitions.

Torstila is also an Associate Partner at NAG Group, a management consultancy, specializing in projects related to mergers and acquisitions and portfolio strategy. Professor Torstila is a member of the Nasdaq Helsinki Disciplinary Board and of the Asset and Liability Management Committee of the City of Helsinki.

He was a visiting scholar at Haas School of Business, UC Berkeley, in 2009–2010, 2016–2017, and 2023–2024. In 1996–1997, he was an investment banking analyst at Goldman Sachs in London. At Goldman, he worked with mergers and acquisitions as well as initial public offerings.

Sami Torstila received a D.Sc. degree in Finance in 2000 and an M.Sc. degree in Finance with honors in 1996, both from Helsinki School of Economics. He also received an LL.M. degree with a specialization in Tax Law in 1999 from the University of Helsinki.

Seppo Ikäheimo

Seppo Ikäheimo is Professor of Corporate Governance at Aalto University School of Business.

He specializes in compensation systems, ownership, investor relations, board of directors and company valuation.

Professor Ikäheimo has frequently acted as a member of the arbitral tribunal in minority redemption cases and has provided an expert opinion in several legal cases. He has served as an advisor concerning investor relations, compensation systems, and board work.

In addition, he is actively involved in developing accounting and corporate governance-related legislation and guidance.

Thomas Taussi

Thomas Taussi received his PhD from Aalto University School of Business in 2023.

In his dissertation, he studied corporate risk management (including the introduction of risk management systems and the interaction between formal and informal risk work).

In addition to his doctoral studies at the Department of Accounting, he has gained teaching experience from various university courses, from elementary to advanced accounting, and from the guidance of bachelor's thesis seminars. He has also gained experience in teaching at Aalto University Executive Education.
 
Taussi graduated with a master's degree from Aalto University School of Business in 2016, majoring in accounting (with an emphasis on management accounting) and minoring in finance. He was a semester exchange student at the Wirtschaftsuniversität Wien, studying finance, strategy, and innovation management. Taussi has work experience as an analyst in the private equity industry (Taaleri, Sparkmind VC).
 
In addition to management accounting and control systems, Taussi has acquired extensive knowledge of economic and organizational theories. He actively follows the field of distributed master accounting/blockchain technology and its various applications (e.g. cryptocurrencies). He has also participated in the risk management group for the development of the ISO 31,000 risk management framework organized by the Finnish Standards Association.

Contact Us

Jukka Nordlund

Program Director +358 10 837 3822 jukka.nordlund@aaltoee.fi

Jasu Kuurila

Relationship Manager +358 10 837 3739 jasu.kuurila@aaltoee.fi

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Gaining a Competitive Edge Through Financial Expertise 

We deliver a diverse portfolio of training solutions designed for financial executives and other key financial management professionals, including business controllers, financial analysts, and other pivotal employees across all organizational levels. Our training programs enable participants to modernize their organization's financial operations to meet the demands of the future. Participants will also develop their individual skills to assume more strategic roles as influential business partners for executive management. 

Bringing Clarity and Confidence to Decision-Making Processes

To make well-informed and successful decisions on critical matters such as investments and pricing strategies, executives need a solid grasp of fundamental financial principles and their key applications. Basic economic literacy and a clear understanding of key economic indicators play a decisive role in effective strategic planning, as well as in evaluating future alternatives and defining the critical success factors for a business.