One characteristic of Iceland's higher education system is a four-year course. After completion of undergraduate degree, The University of Icleand often have scholarships for those students who may want to further studies to master’s and doctorate levels. It is based in Vesturbær, Reykjavik and was founded in 1911.

A master’s degree is an advanced academic program that can take about two years of full-time schooling to earn, provided students have already received a bachelor’s degree. Earning an MA may help students achieve their educational goals and set them on the path toward accomplishing their professional goals as well.

Part time learning allows one to obtain part-time degrees even if one cannot attend school on a full-time basis. One can learn at his or own pace, gradually accumulating credits which count towards final qualification.