Accounting, Finance and Economics Scholarships 2027 by Erasmus Mundus Projects Open
Your accounting, finance or economics degree could take you into climate finance, global business or economic policy—with Erasmus Mundus funding helping you get there. GrEnFIn, GLOCAL and EPOG are accepting applications for their next two-year master’s cohorts, with scholarships offering tuition support and a €1,400 monthly allowance to selected students.
These joint programmes bring universities together so you can study across countries rather than spend the entire degree on one campus. The real attraction is what that combination lets you explore: financing cleaner energy, understanding global markets or investigating economic change.
But does your degree qualify, and do all seven programmes circulating in the scholarship list currently offer that funding? This guide separates the open calls from the programmes to watch, then explains how to turn your academic background into a focused application.
01 Which Erasmus programmes fit accounting, finance and economics graduates?
Choose by the work you want to do and the subjects you have studied. A finance graduate interested in climate risk has a different starting point from an economics graduate preparing for policy research. The comparison below helps you build that shortlist without treating every programme as the same scholarship.
| Programme | Where your interests could fit | Application and funding position |
|---|---|---|
| Greening Energy Market and Finance (GrEnFIn) | Energy markets, sustainable finance and climate risk; coordinated by Bologna with LMU Munich and Paris Dauphine–PSL. | Open for 2027 entry; competitive EMJM awards. |
| Global Markets, Local Creativities (GLOCAL) | Global business, economic history and how firms and places shape markets. Choose one study track. | Open for 2027–2029; Erasmus Mundus scholarships available. |
| Economic Policies for the Global Bifurcation (EPOG) | Economic policy, finance, innovation and sustainable development through a pluralist economics approach. | Two-year programme applications open; Erasmus Mundus scholarships available. |
| Economics of Globalisation and European Integration (EGEI) | International economics, integration and economic policy. | Applications closed. Its latest advertised awards cover tuition; a new €1,400 monthly call is not confirmed. |
| Erasmus Mundus Master in Impact Entrepreneurship (EMMIE) | Entrepreneurship with social and environmental impact. | Applications closed; the provider plans its next recruitment in 2027 while developing the new programme. |
| AI for Business Transformation (UlysseusAI) | Business and AI, beginning in Finland with later study in Spain or Slovakia; suited to applicants with relevant work experience. | Next application period announced. Selected students receive EMJM funding; admission alone does not secure it. |
| Models and Methods of Quantitative Economics (QEM) | Mathematical economics, econometrics and research; useful for quantitative finance and doctoral ambitions. | Published homepage lists a past self-funded round. No verified open 2027 scholarship call. |
My recommendation is to prioritise the open programmes where your transcript and ambitions tell the strongest story. An accounting qualification can be relevant, but its title alone does not establish the economics or quantitative preparation a programme requires.
02 What does the €1,400 Erasmus Mundus scholarship actually cover?
The allowance is competitive student support, alongside tuition coverage—not a payment every admitted student receives. The GrEnFIn scholarship covers participation costs and monthly support during both academic years. EPOG’s award also includes tuition and health and accident insurance.
GLOCAL offers two payment arrangements: €1,400 monthly, or €1,275 monthly plus three €1,000 advances for travel and installation. The advances come from the same overall award, so they are not extra money. Tuition and insurance are covered.
UlysseusAI also advertises tuition exemption and the monthly allowance for selected scholarship holders. Its 50 scholarships cover the six-year funding period, not one intake. Without EMJM funding, its published Haaga-Helia tuition for non-EU/EEA students is €12,000 annually.
I would compare the timing of payments with visa, travel and housing deposits before accepting an offer. A monthly allowance helps with living costs, but the payment schedule determines what you may need upfront.
03 What must your degree, experience and English evidence show?
Each programme assesses a different combination of academic preparation and experience. The clearest differences are:
- GrEnFIn: Its admission notice includes economics and specified quantitative fields, as well as Italian Business Administration degree classes and suitable foreign equivalents. It requires B2 English; overseas accounting or finance qualifications still need the admission board’s suitability assessment.
- EPOG: Normally requires a 180-ECTS bachelor’s equivalent, 24 ECTS in economics and 6 ECTS in statistics/econometrics. Its selection criteria specify at least 70% of the maximum GPA scale; major-specific subject rules apply.
- GLOCAL: Requires a UK 2:1 honours degree or the relevant international equivalent, with academic fit assessed against the selected track.
- UlysseusAI: Requires suitable higher education and at least two years of relevant work after the bachelor’s degree. A fresh graduate without that experience should prioritise other routes.
- QEM: Welcomes relevant degrees including finance, but emphasises mathematical preparation. Calculus, linear algebra, probability and statistics are useful evidence of readiness.
The English rules follow the same programme-specific approach. EPOG accepts IELTS Academic 7.0 and specified alternatives, with an exemption for a higher education degree entirely taught in English. GrEnFIn accepts specified B2 certificates and exempts applicants with nationality or degrees from the USA, Canada, Australia, New Zealand, Ireland or the UK. An English-medium letter from another country does not automatically establish that exemption.
Because these rules shape your shortlist, gather course descriptions and credible language evidence before polishing your motivation statement. That preparation gives the selectors evidence they can assess.
04 Where do you submit the Erasmus master’s and scholarship applications?
Apply to the programme’s designated institution or consortium portal; there is no single application covering all seven. The sequence below brings all seven official application resources into one place.
- Prepare your shared documents. Gather your passport, degree or permitted pending-degree evidence, transcripts, CV, English evidence and translations. Arrange references early, then tailor the supporting statement to each programme.
- GrEnFIn: Follow the official GrEnFIn application instructions to Bologna’s Studenti Online. Select the second-cycle programme and your track. Upload the ISCED classification template, academic and identity documents, English evidence and Europass experience record. GRE/GMAT evidence is optional; scholarship interviews form part of the current selection procedure.
- GLOCAL: Use the GLOCAL scholarship application page to enter Glasgow’s portal. Select one track and upload the scholarship form, two references and a personal statement of no more than 1,200 words. English evidence must arrive by the scholarship deadline.
- EPOG: Open the EPOG admission page and follow its application-platform link. Include academic documents, CV, passport, language evidence, two recommendations and a statement of purpose capped at 500 words, identifying preferred majors/minors.
- UlysseusAI: Follow the Studyinfo link on the official UlysseusAI programme page during the announced round. Programme application includes scholarship consideration, except for previous EMJM scholarship recipients. Entrance-exam performance and regional quotas determine awards.
- Keep the remaining programmes on your future shortlist. Use the official pages for EGEI, EMMIE and QEM when new calls appear. Their current recruitment positions are summarised in the comparison above.
I recommend drafting each motivation statement around a different academic case: the problem you want to investigate, the preparation you bring and the courses that will help. Reusing one generic “study in Europe” essay wastes the strongest part of your application.
After submission, monitor the portal and messages for references, interviews and decisions. Accepting admission should follow a clear understanding of whether the offer includes a scholarship.
05 Questions that can change your Erasmus application
A few distinctions are worth resolving before you submit. These concern exceptions, track choices and what a scholarship can realistically promise.
Is a GRE score compulsory for QEM?
No. QEM states that GRE is not required, although a GRE Mathematics Subject Test can provide optional supporting evidence. Your mathematics coursework remains important to the assessment.
Does a GrEnFIn recommendation letter replace supervisor acceptance?
The current admission notice does not require you to obtain a supervisor’s acceptance letter. Apply through the taught master’s admission process; the scholarship webpage’s mention of a recommendation is a different form of evidence.
Can GLOCAL applicants choose several tracks to improve their chances?
No. GLOCAL permits one study-track application, and Track H is not recruiting for 2027. Your choice determines the academic route assessed by the consortium.
Does an Erasmus Mundus master’s guarantee employment in Europe?
No scholarship offer guarantees a job or a right to remain after graduation. Use the programme’s curriculum, mobility and applied projects to judge its value for your career; immigration permission is a separate decision.
06 When are the Erasmus scholarship application deadlines?
The open programmes have separate deadlines, and a later self-funded round does not extend scholarship consideration.
GrEnFIn: The last date to apply for the Greening Energy Market and Finance Erasmus Mundus programme for 2027 entry is 7 January 2027 at 11:00 CET (UTC+1). Results are scheduled for 26 February, acceptance for 1–5 March and matriculation for 8–12 March 2027. Graduating applicants must obtain their degree by 23 July 2027; Environmental Finance applicants have an earlier LMU document deadline of 15 July, including APS where applicable.
GLOCAL: The last date to apply for the Global Markets, Local Creativities Erasmus Mundus Scholarship is 14 January 2027 at 13:00 UK time (UTC+0). Scholarship outcomes are scheduled for April 2027. Self-funded deadlines differ by track and do not extend this scholarship deadline.
EPOG: The last date to apply for the two-year Economic Policies for the Global Bifurcation programme is 27 January 2027 at 13:00 Paris time (UTC+1). Required English proof is due by 10 June; graduating candidates must finish by 31 July and provide degree certificates by 31 August.
UlysseusAI: Haaga-Helia announces the next separate application period as 25 January–8 February 2027, closing at 15:00 Finnish time (UTC+2). The January 2027-start intake has already closed; do not confuse that intake with the next application window.