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Department of Business and Economics

Business Adminis-
tration with a minor in Law BSc

Duration
3 years
Credits
180 ECTS
Degree
BSc
Internship possible
Yes
Distance learning possible
No

What will I learn?

Taught in Icelandic. Proficiency in Icelandic is a requirement.
More information on courses taught in English can be found in the course catalogue

Students acquire a solid foundation in Business Administration (120 ECTS) while gaining considerable insight into Law (60 ECTS). Graduates receive their degrees from the Department of Business and Economics. 

Two Degrees in Four Years 

It is possible to complete a BSc in Business Administration with a minor in Law and a BA in Law with a minor in Business Administration within four years. 

Upon completing the programme, students will: 
  • Apply and integrate critical theories, concept models, applications, and quantitative and qualitative methods in the vital areas of business administration: accounting, finance, marketing, management, and economics. 
  • Apply critical and creative thinking to analyse and propose solutions to local, national and international business issues.   
  • Act upon opportunities and ideas to create social and/or cultural and/or financial value for yourself and others, locally, nationally and internationally. 
  • Think, plan and act in a manner consistent with the principles and values of ERS and global citizenship.   
  • Lead, manage or work with a range of stakeholders to foster and nurture impactful relationships that are mutually beneficial. 
  • Communicate clearly, constructively, compassionately and interculturally appropriately (verbally and in writing) in various academic, social and professional contexts. 
  • Confidently and critically use Information Society Technology (IST) for professional, communicative and collaborative purposes. 
  • Pursue and persist in academic and professional development through effective time and information management, individually and in groups. 
  • Have knowledge, understanding, and insight into major legal theories and concepts, the societal role of law, and legal methodologies. 
  • Be familiar with analytical methods and data processing techniques used in business and law and be able to assess their reliability. 

Teaching methods

Students engage in diverse learning methods, for example, lectures, workshops, and group work, and they can collaborate in interdisciplinary teams. This prepares them for the business world and provides the skills to start their own businesses. The Department of Business and Economics aims to strengthen students' entrepreneurial skills while providing a strong academic foundation in key business areas.  

Guest Lecturers 

Each year, 60–80 guest lecturers from the business sector participate in teaching. 

Internship

Undergraduate students in Business Administration with a minor in Law can apply for internship placements as part of their studies. Internships provide a unique opportunity to prepare for the challenges business professionals face. 

The internship programme provides students with hands-on industry experience, bridging the gap between academics and the job market. 

Career

A degree in Business Administration with a minor in Law opens doors to various career paths and further education. Graduates work in business start-ups and operations, human resources, finance, strategy, sales and marketing, production, and accounting. 

Further studies

A degree in Business Administration with Law as a minor prepares students for postgraduate studies in either Business Administration or Law. 

It has been incredibly rewarding to work closely with companies and get to work with real data. The tasks become much more interesting when you have real data in your hands.

Rakel Guðjónsdóttir
BSc in Business Administration with a minor in Law

As a marketing manager, I have used the knowledge and tools I gained while studying at RU. The programme prepares students well for the challenges of diverse future jobs, focusing on social responsibility and initiative.

Silja Mist Sigurkarlsdóttir
BSc in Business Administration with a minor in Law

Structure

  • 108 ECTS in core subjects (18 courses) 
  • 60 ECTS in the minor subject (Law) (8 courses) 
  • 12 ECTS final project 

Typically, students take five 6 ECTS credit courses per semester, which is considered a full-time study load. Final exams are held at the end of each term. After exams, students take three-week intensive courses, where the course material is applied in a practical context through project work, group work, and/or collaboration with companies. 

As part of the undergraduate programme in Business and Economics, students take six 1-ECTS credit courses under the theme Success in Studies and Careers (Personal Development). However, it is optional for students with a BSc in Business Administration with minor in Law.  

Starting in the Spring Semester 

Applications are not open for admission to the spring semester. Exceptions may be made if a current Reykjavik University student wishes to transfer to Business Administration and meets the admission requirements. Additionally, students who have studied Business Administration at another university may apply for transfer. More information is available from the programme administrator. 

Autum
Applied Mathematics I
V-104-STÆR / 6 ECTS
Marketing Management I
V-105-MAR1 / 6 ECTS
Financial Accounting
V-108-REHA / 6 ECTS
Macroeconomics
V-103-THAG / 6 ECTS
Personal development – University Life
V-100-LIFU / 1 ECTS
Methodology
V-502-ADFR / 6 ECTS
Spring
Applied Statistics I
V-303-TOL1 / 6 ECTS
Management
V-203-STJ1 / 6 ECTS
Microeconomics I
V-201-RHAG / 6 ECTS
Managerial Accounting
V-202-REGR / 6 ECTS
Sustainability and Ethics
V-615-SIÐF / 6 ECTS
Personal development – Well-being
V-200-VELS / 1 ECTS

Three-week courses

Methodology
Entrepreneurship and Starting New Ventures
International Business
Sustainability and Ethics
Seeking Solutions to Legal Problems
Family and Inheritance Law
Duration
3 years
Credits
180 ECTS
Degree
BSc
Internship possible
Yes
Distance learning possible
No
The BSc program at the Department of Business at RU stands out from comparable programs in Iceland. It has international certification (EFMD) that confirms its quality.

Facilities

Everything in one place

At Reykjavik University, all teaching and operations take place under one roof. Emphasis is placed on ensuring that everyone has easy access to the services within the building.

Further information: Campus | Háskólinn í Reykjavík

Living in Iceland

Many things must be considered before arriving in Iceland and during the first few weeks of your stay. Find everything you need about living, studying, and thriving in Iceland here:

Why business administration at RU?

  • Strong connections with the industry 
  • Outstanding local and international faculty with diverse backgrounds
  • International Accreditation 
  • Practical preparation for the job market 
  • Diverse career opportunities 
  • Training for international careers  
  • Exchange programmes 
  • Internship 
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