Hanken School of Economics
Helsinki, Finland
€ 1200
€ 12000
12
Overview
About
Hanken School of Economics is one of Finland’s leading institutions for higher education in business and economics. Founded in 1909, it has established itself as a prominent institution offering world-class education and research in business administration, economics, and related fields. With a rich history, international outlook, and modern campus facilities, Hanken continues to attract students from all over the world. The school is dedicated to fostering academic excellence, promoting research innovation, and providing students with a strong global perspective in the ever-evolving world of business.
History and Heritage: Hanken School of Economics boasts a long and illustrious history, founded in 1909 in Helsinki, Finland. Originally established as a Swedish-language business school, it has remained deeply committed to maintaining its Swedish-speaking heritage. Over the years, Hanken has grown to become a leading business school, internationally recognized for its high-quality education and research. The school’s history is marked by a deep commitment to academic rigor, a focus on ethical business practices, and a strong connection to the business world, all of which continue to shape its educational philosophy today.
Academic Excellence: Hanken School of Economics is known for its academic excellence and offers a broad range of high-quality programs in business, economics, and management. The institution offers bachelor's, master's, and doctoral programs in areas such as economics, finance, international business, management, marketing, and strategy. Hanken’s academic programs are designed to equip students with the skills and knowledge required to excel in the global business environment. The school also has a strong focus on developing leadership, problem-solving, and critical thinking abilities, preparing graduates to meet the challenges of a rapidly changing world.
Campus and Facilities: Hanken School of Economics is located in the heart of Helsinki, offering students access to the city’s dynamic business ecosystem. The campus is modern and well-equipped with state-of-the-art facilities, including lecture halls, seminar rooms, study areas, and a library with extensive academic resources. The school also has dedicated spaces for group work, student organizations, and events. Hanken’s central location provides students with easy access to both local and international business opportunities, allowing them to connect with professionals, alumni, and companies.
Student Support and Wellbeing: Hanken School of Economics places great importance on student support and wellbeing, offering a wide range of services to ensure students have the resources they need to succeed academically and personally. The university provides counseling services, academic support, and career advice to help students navigate their studies and career paths. Additionally, the school fosters a collaborative and inclusive environment, where students are encouraged to engage in social activities, networking, and leadership opportunities. Hanken’s commitment to student wellbeing includes access to sports facilities, wellness programs, and various student-led initiatives.
Research and Innovation: Research is a cornerstone of Hanken School of Economics, with a strong focus on producing impactful, high-quality research that contributes to the advancement of business knowledge. Hanken’s research areas include economics, business strategy, management, entrepreneurship, and finance, with a special emphasis on sustainability and innovation. The school regularly collaborates with international research institutions, businesses, and policy makers to promote knowledge exchange and drive innovative solutions to global challenges. Hanken’s research outputs influence both academic circles and the business world, ensuring that its work is both relevant and impactful.
Global Perspective and International Opportunities: Hanken School of Economics offers students a global perspective through its extensive international networks and exchange programs. The school has partnerships with over 150 universities around the world, allowing students to study abroad, attend international conferences, and collaborate with peers from different cultural backgrounds. Hanken’s international programs prepare students for global careers, and the school’s diverse student body brings a wealth of international experience to campus. Furthermore, Hanken’s faculty is internationally recognized, with professors from various parts of the world contributing to the academic experience.
Community Engagement: Hanken School of Economics is making a positive impact on society, both locally and globally. The school actively engages with the business community, non-profit organizations, and government agencies to foster meaningful partnerships that address societal challenges. Hanken’s students are encouraged to participate in community outreach programs, internships, and consultancy projects, where they can apply their skills and knowledge to real-world problems. The university’s social responsibility is embedded in its teaching, research, and campus culture.
Student Life and Societies: Student life at Hanken School of Economics is dynamic and vibrant, with numerous opportunities for involvement in extracurricular activities. The university is home to a range of student societies and organizations, including those focused on business, finance, entrepreneurship, and social responsibility. These societies offer networking opportunities, events, workshops, and career development activities. Hanken’s students also benefit from the university’s strong alumni network, which provides valuable mentorship and career opportunities. In addition, the school’s location in Helsinki allows students to enjoy the city’s cultural offerings, including museums, theaters, and outdoor activities.
Accreditation: Hanken School of Economics is accredited by leading international bodies, including the AACSB, EQUIS, and AMBA, which are the three most prestigious accreditations in the field of business education. These accreditations ensure that the school meets the highest international standards for teaching, research, and overall academic quality.
Official Website: https://www.hanken.fi
Year of Establishment: Hanken School of Economics was established in 1909.
University Address: Hanken School of Economics, Arkadiankatu 22, FI-00100 Helsinki, Finland
Country Rank: 12th
University Type: Hanken School of Economics is a private university.
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Facilities
Hanken School of Economics offers a comprehensive set of facilities designed to support the academic, social, and professional needs of its international student body. Located in the heart of Helsinki, the school’s modern and well-equipped campus provides an ideal environment for students to thrive both academically and personally. From state-of-the-art classrooms to dedicated spaces for student collaboration, Hanken ensures that international students have access to everything they need for a successful university experience.
Campus and Learning Spaces: Hanken’s campus is centrally located in Helsinki, providing international students with easy access to the city’s business and cultural life. The campus features a range of modern facilities, including lecture halls, seminar rooms, and specialized spaces for group work and independent study. The learning environments are designed to foster collaboration, innovation, and active learning. Additionally, the university provides access to online learning platforms and digital resources to support the academic needs of students.
Library and Research Resources: Hanken’s library offers an extensive collection of academic resources, including books, journals, databases, and research papers, supporting both student studies and faculty research. International students can access the library’s services in multiple languages, ensuring that resources are accessible for all. The library also provides study areas, research support, and digital tools to enhance the academic experience.
IT Services and Support: Hanken School of Economics provides comprehensive IT services to international students, including access to high-speed internet, computer labs, and technical support. Students are provided with university email accounts, access to necessary software tools, and online platforms for coursework and collaboration. The school ensures that students can seamlessly integrate digital tools into their studies.
Career and Internship Services: The university has strong connections with the business community, providing international students with various opportunities for internships, part-time work, and post-graduation employment. The Career Services office offers career counseling, job-search assistance, resume workshops, and interview preparation. These services are specifically tailored to help international students navigate the Finnish job market and secure internships and career opportunities in their field.
Cultural and Social Spaces: International students at Hanken can enjoy a vibrant social life, thanks to the numerous student clubs, societies, and events organized throughout the year. Hanken provides common areas, lounges, and study spaces where students can meet, collaborate, and relax. The university also hosts social events, cultural exchanges, and networking opportunities to foster a sense of community among students from diverse backgrounds.
Student Health and Wellbeing: Hanken places great emphasis on the health and wellbeing of its students. The university provides access to student healthcare services, including counseling and mental health support. In addition, there are fitness facilities on or near campus, promoting a healthy lifestyle for international students. Hanken’s focus on student wellbeing also extends to stress management workshops, wellness programs, and social activities to help students balance their academic responsibilities with personal care.
Accommodation Assistance: Hanken School of Economics provides guidance and support for international students seeking accommodation in Helsinki. The university has partnerships with local student housing organizations, offering options for both on-campus and off-campus housing. The student accommodation services assist in finding suitable housing, ensuring that international students have a comfortable place to live during their studies.
Student Services and Orientation: To help international students settle in, Hanken provides a comprehensive orientation program before the start of each semester. This includes practical information about life in Finland, academic expectations, and tips on adjusting to life as a student. Additionally, there are dedicated student advisors and support services to assist with any challenges that may arise during the academic year. International students can access personal and academic support, ensuring a smooth transition to university life.
Networking Opportunities: Hanken offers a variety of networking events, guest lectures, and alumni meetups, providing international students with the chance to connect with business professionals, academic leaders, and fellow students. The university's strong network of alumni and partners offers valuable opportunities for mentoring and career development, both during and after studies.
Notable Alumni
Ranking
- 12 in Webometrics Finland National Ranking
Scholarship
Hanken School of Economics offers a range of scholarship opportunities for international students to support their studies in Finland. The university is committed to making education accessible to talented students from all over the world by providing financial assistance in the form of scholarships. These scholarships aim to attract and retain high-achieving students, enabling them to focus on their academic journey without the worry of financial constraints.
Hanken Scholarships for Non-EU/EEA Students: Hanken offers competitive scholarships for international students who are not from the European Union (EU) or European Economic Area (EEA). These scholarships are primarily aimed at students applying for the Master's degree programs and are awarded based on academic excellence. The scholarships can cover a portion of the tuition fees or, in some cases, the entire tuition fee. Scholarships are generally awarded for the duration of the student's studies, subject to satisfactory academic progress.
Tuition Fee Waivers: Hanken provides tuition fee waivers for selected international students, allowing them to pursue their education without the burden of full tuition fees. The university’s tuition fee waiver system is based on academic merit, and the eligibility criteria may vary depending on the program. International students who are eligible for tuition fee waivers can apply during the admission process, and successful applicants are notified upon acceptance to the program.
Hanken Alumni Scholarship Program: The Hanken Alumni Scholarship Program is available for exceptional international students who demonstrate a strong academic record and significant potential to contribute to the university community. The scholarship is a part of Hanken’s effort to build long-lasting relationships with alumni and students, supporting them throughout their academic careers and beyond. This scholarship helps alleviate financial pressures, ensuring that students can focus on their studies and extracurricular activities.
External Scholarships and Funding: In addition to the internal scholarships offered by Hanken, there are various external scholarships and funding opportunities available for international students. These scholarships are often provided by government agencies, foundations, and private organizations. Hanken collaborates with numerous external funding bodies to ensure that international students have access to a wide range of financial support options. Information on these external scholarships is available on Hanken’s official website and can be found through various scholarship portals.
Finances
Studying at Hanken School of Economics in Finland is an exciting opportunity for international students, but managing finances effectively is crucial to ensuring a smooth academic journey. Hanken offers a range of financial support options, resources, and advice to help students manage their tuition fees, living expenses, and overall financial planning. This detailed guide covers financial aid, part-time work opportunities, financial planning, and more for international students at Hanken.
Financial Aid: Hanken School of Economics provides various financial aid options for international students to help ease the financial burden of studying in Finland. Scholarships are available for non-EU/EEA students to help cover tuition fees. Additionally, Hanken collaborates with external scholarship providers to offer further funding opportunities for eligible students. The university also provides detailed guidance on applying for these scholarships and external funding options through its official website. Financial aid is generally awarded based on academic merit and the overall strength of the student’s application.
Part-Time Work Opportunities: International students in Finland are allowed to work part-time while studying, which can be an excellent way to support living expenses. At Hanken, students are encouraged to explore part-time work opportunities to enhance their experience and gain valuable skills. International students are permitted to work up to 25 hours per week during the academic year, and full-time work is allowed during summer months (June to August). There are a variety of job options available in Helsinki, such as roles in hospitality, retail, research assistantships, and other student-friendly employment. It’s important to balance work with academic commitments to ensure that studying remains the top priority.
Financial Planning and Support: Hanken School of Economics provides comprehensive financial planning support for international students. Before arriving in Finland, students are encouraged to review the estimated costs of living, tuition fees, and other associated expenses. Hanken offers budgeting tools and resources to help students understand their financial needs and plan accordingly. The Student Services team also offers assistance in creating financial plans to manage both short-term and long-term expenses. This includes providing advice on setting up bank accounts, understanding payment methods in Finland, and creating an effective budget to cover all essential expenses.
Financial Responsibility: As an international student, being financially responsible is key to avoiding financial stress during your studies. Hanken School of Economics emphasizes the importance of budgeting and managing personal finances effectively. Students are encouraged to keep track of their spending, avoid unnecessary expenses, and prioritize essential costs such as tuition fees, accommodation, transportation, and groceries. The university provides helpful resources and financial workshops to guide students on how to take responsibility for their finances, helping them maintain financial stability throughout their academic careers.
Financial Counseling: For international students who may encounter financial difficulties or need advice on budgeting, Hanken offers financial counseling through its Student Services team. This support is designed to assist students with managing unexpected financial challenges, adjusting their budgets, and seeking alternative financial resources. Whether it’s advice on how to balance work and study or guidance on accessing emergency financial support, Hanken’s financial counseling ensures that students are well-equipped to handle any financial concerns that may arise. Students can also inquire about accessing loans or additional scholarships that might be available to them.
Accommodation
Hanken School of Economics provides a range of accommodation options for international students, ensuring they have comfortable and affordable living arrangements during their studies in Finland. Whether you prefer on-campus housing or off-campus apartments, Hanken offers guidance and support to help students find the right accommodation for their needs.
On-Campus Accommodation: Hanken School of Economics does not have its own on-campus accommodation facilities. However, the university provides assistance in securing student housing in Helsinki through its collaboration with the local student housing organization, HOAS (Housing Foundation of the Helsinki Region). HOAS offers a variety of on-campus and off-campus housing options, including rooms in shared apartments and studio apartments. These student accommodations are located within easy access to public transport and the university campus, making them convenient for students. While on-campus housing is not guaranteed, students are encouraged to apply early to increase their chances of securing a place.
Off-campus Accommodation: For those who prefer to live off-campus, there are plenty of rental apartments available in Helsinki, catering to students. Hanken offers advice on finding suitable off-campus housing through various private rental agencies and housing platforms. Many students opt for shared apartments or private flats, which can be found in different neighborhoods across the city. Off-campus accommodation allows students more flexibility and independence, and there are many affordable options, especially if you're willing to share with others. Hanken’s Student Services team provides detailed information on how to search for off-campus housing, what to expect in terms of rental costs, and guidance on the rental agreement process.
Housing Support Services: Hanken School of Economics provides comprehensive housing support services to help international students find suitable accommodation. The university’s Student Services team assists students with practical advice, including information about available housing options, rental contracts, and the cost of living in Helsinki. Students can reach out to Student Services for help navigating the various housing platforms and rental agencies in the area. While Hanken does not own its own dormitories, the university works closely with HOAS and other housing providers to ensure that students are aware of all the accommodation opportunities available to them.
Cost Of Living
The cost of living in Finland can vary depending on the city, lifestyle, and personal spending habits. On average, international students in Finland can expect to spend between €700 to €1,200 per month on living expenses, not including tuition fees.
Accommodation: Accommodation is usually the largest expense for students in Finland. Depending on the location, students can expect to pay between €300 and €700 per month for housing. In cities like Helsinki, rental prices tend to be higher, while smaller cities or student apartments may offer more affordable options. Many students opt for university-provided dormitories or shared apartments, which can help reduce costs.
Food and Groceries: The cost of food for international students typically ranges between €200 and €300 per month. Students can save money by cooking at home and shopping at budget-friendly grocery stores. Dining out at restaurants is more expensive, with average meal prices ranging from €10 to €20. Many students also take advantage of student discounts at various cafes and restaurants.
Utility: Utility costs (electricity, heating, water, and internet) are often included in accommodation fees if students live in university dorms or shared apartments. However, if renting privately, utilities can cost between €50 and €150 per month, depending on the size of the accommodation and the energy usage. High-speed internet is widely available in Finland and is essential for academic purposes.
Transportation: Public transportation is efficient, and students are eligible for discounted student fares on buses, trams, and trains. The cost of a monthly transport pass usually ranges from €30 to €60, depending on the city. In larger cities like Helsinki, public transportation is well-connected and often the most convenient way to get around. Students living in smaller towns or rural areas may find cycling to be a cost-effective alternative.
Health Insurance: Health insurance is mandatory for international students in Finland. The cost for student health insurance is generally between €30 and €100 per month, depending on the type of coverage and the insurance provider. The Finnish Student Health Service (FSHS) provides affordable healthcare services to students, and private health insurance may also be an option for students outside the European Union.
Leisure and Entertainment: Leisure activities, including cinema, museums, outdoor activities, and socializing, can vary in cost. On average, students may spend between €50 and €100 per month on entertainment, depending on their lifestyle. Finland offers plenty of free or low-cost activities, such as exploring nature, hiking, or attending student events. However, cinema tickets, theater performances, and nightclubs can add to the budget.
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Hanken School of Economics Entry Requirements
Undergraduate Entry Requirements
Application Fee: €100
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 60% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS/TOEFL/PTE can be waived off if the student has achieved the required scores in SAT.
Standardized Test Requirements:
- Scholastic Assessment Test (SAT): Overall score of 1100 or higher.
Postgraduate Entry Requirements
Application Fee: €100
Academic Qualifications: Applicants for postgraduate programs typically require a minimum academic achievement of 60% or above in their bachelor's degree.
English Language Proficiency:
- IELTS/TOEFL/PTE can be waived off if the student has achieved the required scores in GRE/GMAT.
Standardized Test Requirements:
- Graduate Record Examinations (GRE): Minimum score 150 or higher is required.
- Graduate Management Admission Test (GMAT): Minimum score 550 or higher is required.
It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.
Hanken School of Economics Fees
Hanken School of Economics, located in Finland, provides a world-class education to international students while maintaining providing a high standard of academic excellence. As part of the global educational landscape, Hanken has set tuition fees for non-EU/EEA students. These fees cover various aspects of the academic experience, including teaching, facilities, and student services, which contribute to the holistic learning environment at Hanken.
Undergraduate Tuition Fees: For international students pursuing undergraduate programs at Hanken School of Economics, the tuition fees range from €12,000 to €15,000 per semester. These fees are applicable to non-EU/EEA students who do not qualify for the fee exemption based on their nationality or other factors. The fees cover the full spectrum of services provided by the university, including access to libraries, online resources, student counseling, and career services. It is essential for prospective students to budget for these fees when planning their studies at Hanken.
Postgraduate Tuition Fees: Postgraduate students at Hanken School of Economics, including those enrolled in Master's programs, can expect to pay €15,000 to €18,000 per semester for their tuition fees. These fees are applicable to non-EU/EEA students and are designed to support the high quality of education and research at the university. Hanken offers various postgraduate programs in fields such as business, economics, finance, and management. The fees ensure access to an enriching academic environment, including expert faculty, a global network of peers, and world-class research opportunities.
Hanken School of Economics Placement
Hanken School of Economics is dedicated to providing its international students with valuable opportunities to enhance their careers through various placement services. Whether you are seeking internships, part-time job opportunities, or full-time employment after graduation, Hanken offers tailored support to help students succeed in the global job market.
Internship Opportunities: Hanken School of Economics actively promotes internships as a key part of its students' academic and professional development. The university has strong ties with various industries and organizations, both locally in Finland and internationally. Through the Career Services office, international students have access to a wide range of internship opportunities in fields such as business, finance, marketing, consulting, and management. These internships provide hands-on experience and the chance to apply theoretical knowledge in real-world business environments, enhancing students' employability upon graduation. International students are encouraged to explore internships as part of their degree program, and Hanken often facilitates internship placements in collaboration with external partners. Students can also attend career fairs, workshops, and networking events organized by Hanken to meet potential employers and gain insight into different industries.
Career Counseling and Guidance: Hanken offers extensive career counseling services to help international students navigate their job search. Career advisors provide personalized guidance on how to write effective CVs, prepare for interviews, and develop a career strategy tailored to each student's individual goals. The university’s career counseling services also include workshops on professional networking, personal branding, and how to leverage LinkedIn for job opportunities. International students can also receive advice on understanding the Finnish job market, cultural aspects of work life in Finland, and how to find job opportunities in both the local and international job markets. Hanken’s strong alumni network is another asset that students can tap into for career advice and mentorship.
Job Placement Assistance: Hanken School of Economics provides dedicated job placement support for international students seeking full-time employment after graduation. The Career Services office collaborates with numerous international companies, local startups, consulting firms, and NGOs to offer job placement assistance to Hanken graduates. Additionally, the university regularly hosts recruitment events, career fairs, and networking opportunities that connect students directly with hiring companies. Many students have successfully secured positions with leading firms in finance, consulting, marketing, and management both in Finland and abroad. Hanken also provides information on how to apply for work permits for non-EU/EEA students who wish to stay in Finland after graduation and work. The university assists international graduates in understanding the regulations around post-graduation employment in Finland and provides information on job opportunities that align with their degree.
Employer Partnerships and Networking: Hanken has developed strong relationships with leading companies and organizations that are eager to hire Hanken graduates. The university actively encourages collaboration with employers through guest lectures, workshops, internships, and recruitment events. These partnerships create a direct link between students and potential employers, improving the chances of securing a job after graduation. In addition to employer partnerships, Hanken encourages international students to take part in networking events, conferences, and career fairs. These events allow students to meet industry professionals, alumni, and recruiters who can offer career advice, job opportunities, and valuable industry insights.
Global Career Opportunities: As an international student at Hanken, you are not limited to opportunities within Finland. The university’s global network, combined with its international focus, offers students the chance to explore career opportunities in various parts of the world. Hanken’s alumni network spans across Europe, Asia, North America, and beyond, providing a vast resource for students looking to work internationally.
Please note that job placement can vary depending on individual circumstances, including a student's field of study, prior work experience, and individual job search efforts. It's also important to keep in mind that while the university can provide valuable resources and support, securing employment ultimately depends on the student's skills, qualifications, and the broader job market.
FAQ'S of Hanken School of Economics
Hanken School of Economics is located in two vibrant cities in Finland: Helsinki and Vaasa. The main campus is situated in Helsinki, the capital city of Finland, which is known for its dynamic cultural scene, modern infrastructure, and international business environment.
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