A field of electric drive devices and electric machines, such as electric motors and electric generators for industrial applications and more particularly to a method and an arrangement for controlling vibration of a variable frequency drive controlled electric machine. In the method for controlling vibration of a variable frequency drive controlled electric machine, the resonance frequency/frequencies and the stiffness are determined in a ramp up/ramp down test; amount of damping is determined in an impulse test; a mechanical transfer function is determined in a steady drive test; a vibration control model is determined utilizing said resonance frequency/frequencies, said stiffness, the amount of damping and the mechanical transfer function; and vibration is controlled utilizing the vibration control model.