Management Accounting and Business Intelligence

New students will not be enrolled to this programme this autumn 2017.

In management accounting and business intelligence, accounting is viewed from a different perspective and an emphasis placed on communicating information to company administrators and founders that is processed using their internal data. The program is suitable for individuals who aspire to achieve success in the area of financial managers and chief accountants. The emphasis in such a programme is especially on utilising accounting for the benefit of managers, as well as on the design of information systems of all kinds, but less on accounting and tax issues. Management accounting revolves around the managerial use of accounting and how the decision making of administrators can be improved using better methodology, as well as accounting and information systems. This specialisation is suitable for individuals who wish to work, for example, as financial managers or advisors. The programme combines managerial accounting, information technology, and optimisation of decision making. 


MSc in Management Accounting & Business Intelligence

  • 2 years full time, 120 ECTS.
  • Language of instruction: Icelandic. 
  •  Students write a 30 ECTS master thesis by the end of their study.

MABI in Management Accounting & Business Intelligence

  • 1.5 years full time, 90 ECTS.
  • Language of instruction: Icelandic. 
  • Students graduate with a MABI degree, which is a qualification at the Master´s level. The programme does not include a 30 ECTS master thesis.

Dean´s Selection Grant for RU School of Business graduate students

The recipient of the Dean´s Selection Grant pays undergraduate fees instead of graduate fees. Students with the highest grade in a graduate programme each semester are applicable. In order to receive the award students must complete 30 ECTS units per semester and follow the programme structure. More information about the grant can be found here.


Full-time students are expected to take four courses per semester. Each course is 7,5 ECTS. Teaching is mainly conducted in the latter part of the day or during weekends (Thursday-Saturday). 

Programme structure

Fall Spring Fall Spring

* Belongs to MSc-programme in Management Accounting & Business Intelligence. Students in the MABI programme choose elective instead of Business research methodology in accounting and finance.

Programme structure for students who started 2015 or earlier.

Fall Spring Fall Spring
  • Corporate finance
  • Financial reporting and accounting standards I
  • Corporate taxation
  • Elective
  • Management accounting
  • Financial reporting and accounting standards II
  • Management control
  • Elective
  • Strategic management
  • Strategic Management Accounting
  • Information technology in accounting
  • Advanced Business Informatics
  • Business process management
  • Project course in management accounting
  • Business intelligence and analytics
  • Elective

Academic staff



Our University building offers an optimal study environment. Support services, study areas, coffee shop and gym.

IT facilities

Our IT Services provide a range of computer facilities to help you study. IT suites are located across campus – many with 24-hour access. IT facilities also include:

  • Wireless network 
  • Extensive printing facilities 
  • Adapted PCs for students with disabilities or additional learning needs 

Student study areas

Students have 24-hour access, during term time, to group rooms and private study desks. There is a especially dedicated study area for Graduate students.

Student Union

The University of Reykjavik Student's Union is the focus of many student activities on campus.

Sports Facilities

In the basement of the university, World Class runs a gym which offers discounts to students.

University Book shop

In the main building you can find the book store, Boksala Studenta, which stocks all the books you will need for your studies.


There are three shops and cafés in the building that sell food and beverages to students.

  • Te og kaffi (“Tea and coffee”) sells a selection of coffee drinks, light snacks and bakery products. 
  • Malið serves hot food everyday, plus snacks and refreshments. 
  • The University shop (Haskolabudin) sells groceries, household items and snacks. 

Reykjavik University Campus

Set in one of the most beautiful areas of Reykjavik right next to Iceland's only geothermal beach, the newly built campus offers students modern first-rate facilities. The building has well equipped classrooms and students have 24-hour access to the spacious study facilities.

Environmentally conscious

The campus is one of Iceland's most automated buildings designed to provide an environment optimal for working using the lowest amount of energy.

Automated blinds and windows

In the main areas of the building the blinds and windows are controlled by a weather station positioned on top of the University roof. The weather station collects information about wind direction and outside temperature adjusting windows accordingly, and blinds are automated to ensure direct sunlight does not disturb students working.

A breath of fresh air

The University building is constantly ventilated with natural fresh air using the NAVENT system. Fresh air is drawn into the building and then pumped into the rooms. Special CO2 monitors ensure the correct levels of oxygen in the rooms. Heaters ensure that the air pumped into the rooms maintains the correct air temperature. In the summer time the air pumps drag warm air from the building and pump fresh and cooler air in its place.

Intelligent lighting system

Every light in the University has its own IP address and is controlled by the automated system. Light sensors ensure lighting is only on when rooms are in use. Large windows let in natural daylight which creates a more pleasant working environment.


Beautiful surroundings

Our campus is in a unique position of being set in one of the most popular outdoor areas of Reykjavik.

  • The University of Reykjavik is located right next to Iceland's only geothermal beach,  Nauthólsvík. Students can enjoy swimming in the geothermally heated sea, or relax in the hot tub on the beach. 
  • Right next to the campus is the most environmentally friendly restaurant in Reykjavik, Nauthóll, which has been awarded the Nordic Environmental "Svan Certificate,"  and was the first restaurant in Reykjavik to receive this certification. 
  • Students can enjoy the many foot and bicycle paths in the neighbouring forest. 
  • Students can visit the nearby Perlan situated on top of the city's geothermal storage tanks.


Admissions requirements

  • BSc degree in business administration, economics or related fields.
  • Individuals with a degree in other fields can apply for admission to the programme, but are required to have completed undergraduate courses in business administration.
  • Excellent English language skills are necessary.
  • In order to apply for full-time programme students must speak Icelandic.

Accompanying documents

All applicants must submit an electronic application and attach the required accompanying documents. The following documents need to accompany applications:

  • Curriculum vitae with a photograph
    • Official university transcripts of records and diplomas
  • Personal statement (Why are you applying to the programme and what is your aim in pursuing the programme?
  • One letter of recommendation from an individual who can assess the ability of the applicant to pursue the programme. The letter may be in English or Icelandic and should be sent directly from the referee in question to the Master's Programme Administrator in the School of Business at .

Official transcripts of diplomas should be sent to the reception of RU, Menntavegur 1, IS-101 Reykjavík, Iceland. Accompanying documents need to arrive by the application deadline. Applicants are only summoned for an interview if they have submitted all required accompanying documents on time.

Evaluation of previous studies

If students have completed university-level courses, they can apply for those previous studies to be evaluated for transfer of credit. Rules and form for evaluation of previous studies.

Contact us

Fríða RúnarsdóttirFríða RúnarsdóttirProgramme 

(+354) 599 6302
Stefan-Wendt_shStefan WendtProgramme Director 

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