Business Analysis and Performance Management
The major Business Analysis and Performance Management (BUS) gives you insights into value creation and sustainability in firms and organisations from a management control, financial accounting and operations management perspective.
If your career goals include positions such as controller, consultant, operations manager, chief financial officer, head of accounting or other leadership positions in large organisations (such as chief operation officer or chief executive officer), then BUS will provide a solid foundation for your future career.
The BUS major gives you a good understanding of how to analyse and manage performance in firms and organisations. The courses will prepare you take informed decisions to enhance the value creation in your organisation.
The major strives to provide a balance between Norwegian and international context so that students have a solid understanding of the national environment as well as prepare them for international careers and challenges.
The course portfolio provides a large selection of courses and is structured around four different tracks: Management Control, Financial Accounting, Technology & Operations Management and Sustainability Management. The major consists of three core courses; Two introductory courses in Business Analysis and Performance Management and one methodology course. On top of this, students are advised to choose three elective courses from one of the tracks, but specialisation within a track is not compulsory and students may also choose a combination of courses across tracks. Within a track, the time schedules for courses and exams (as far as possible) do not overlap. Finally, the courses in the Sustainability Management track are particularly suitable for combining with one of the three other tracks.
Management control is about the gathering and use of information to aid and coordinate organisational behaviour and decisions. This includes how to organise and plan activities, evaluate performance, implement strategies and manage risks. The design and use of dynamic control systems and control packages is an important topic. There are several courses on decision making, including thorough analyses of for example “make or buy”, pricing, product mix, customer portfolio, and investment alternatives.
Accounting is the language of business, and is communicated through financial statement reporting. Hence it is key to know the accounting rules, and to be able to analyse financial statements. At the core of this track is financial accounting and how this should be done, and there is a focus on international accounting rules (IFRS). The track also includes courses on how to analyse the financial statements to detect underlying economic conditions and issues as well as how financial statements can be used for valuation. Moreover, the track includes courses in reporting for governmental/not-for-profit organisations, internal controls & ERP-systems for reporting.
Hence, the track is suited for those who have ambitions to become a CFO or Head of accounting.
Technology & Operations Management
Operations management deals with the design and control of the business processes that best enable a firm to produce and deliver the goods and services specified by the business strategy. This task includes selecting activities and resources and combining them to meet customer requirements as efficiently as possible. Key elements are managing inputs and outputs, flow units, and information structure. With the large availability of data and development of information technologies, operations management is currently at the core of many organisations that attempt to convert these into a more efficient matching of supply with demand.
The courses in this track offer the opportunity to learn about conceptual contents in operations management, as well as analytical methods and computational tools to support decision making within organisations.
Firms operate in a complex world, where investors, governments and other stakeholders demand and expect firms to adapt new strategies to secure sustainable and ethical business practice. Therefore, companies are increasingly evaluated based on their performance along non-financial performance dimensions such as social and environmental sustainability performance and compliance with regulatory requirements.
The increasingly important function of sustainability management comprises identifying, measuring and managing non-financial performance dimensions as well as integrating such concerns into the design and innovation of business models. Sustainability management also requires compliance with an increasing spectre of international rules and regulations for the protection of markets and society (e.g. corruption, tax compliance, competition law).
Upon successful completion of the major, the candidate shall:
K1: have an extensive, updated knowledge of relevant theories for business analysis, performance management.
K2: have a solid competence in empirical methods for business analysis and performance management.
S1: be able to work independently on advanced issues in business analysis and performance management.
S2: be able to use relevant theories, methods and tools to analyse decisions that has as a goal to increase value creation in organisations.
S3: be able to update skills on their own throughout their career.
G1: have the ability to communicate with both specialists and a wider audience.
G2: have the ability to reflect on and take into account ethical aspects, sustainability and corporate social responsibility when making decisions in an organisation.
The Business Analysis and Performance Management major consists of 45 ECTS courses and 30 ECTS for a master thesis. Students are recommended to take courses the three first semesters and work on the master thesis in the last semester. The general structure of the coursework is as follows:
- Two core courses:
- BUS400 Management Control
- BUS401 Strategic Profitability Analysis and Pricing
- One empirical methods course:
- BUS444 Econometrics for Business Research,
- ECN402 Econometric Techniques, or
- STR402A Methodology for Master Thesis
- Three more elective courses within the BUS major
The core courses in the major provide a foundation for the elective courses. You are encouraged to take the core courses and the course in empirical methods during the two first terms to have flexibility in your choice of electives.
The topic of the master thesis should be within the scope of Business Analysis and Performance Management.
Recommended course combinations
Recommended course combinations
The major consists of three core courses; Two introductory courses in Business Analysis and Performance Management and one methodology course. On top of this, students are advised to choose three elective courses from one of the tracks, but specialisation within a track is not compulsory and students may also choose a combination of courses across tracks. Within a track, the time schedules for courses and exams (as far as possible) do not overlap. Finally, the courses in the Sustainability Management track are particularly suitable for combining with one of the three other tracks.
Ethics courses available in the Business Analysis and Performance Management major:
- ETI 450 Corporate Social Responsibility
- BUS446 Sustainable Business Models
- BUS443 Fraud Detection
- BUS452 Corruption - Incentives, Disclosure and Liability
- BUS465 Corporate crime: Detection and prevention
Remember that the ethics course can also be one of your elective courses.
Research distinction courses
Research distinction courses
Are you curious about taking a PhD or interested in more research-oriented work both at NHH and later in your career, find out more about the Research Distinction track within the master's programme.
As an NHH student you have excellent opportunities to gain valuable international experience during your studies through exchange programmes, the CEMS Master's in International Management (MIM) joint degree, the Double degree programme and summer courses.
The major is well suited for students who wish to work within accounting and finance departments and consulting firms.
With an MScEBA from NHH you are qualified for a wide variety of jobs in different sectors of the economy. You also have a good foundation for future studies at the PhD level.