Economics
The Economics program at Hanken School of Economics in Finland offers a comprehensive and rigorous curriculum designed to equip students with advanced analytical skills and a deep understanding of economic theories and their applications. This progra...
🎯Not sure which universities you'll
ACTUALLY get into?
Get a personalized shortlist in 30 seconds
2,000+ students already shortlisted universities this week
Key Statistics
Duration
24 Months
Degree Level
Masters
Field of Study
Social Sciences
Intl. Fee
15000 EUR per academic year
Intake
Annual intake in August
Deadline
January 15
Free guidance • Verified partners • Fast response
Overview
The Economics program at Hanken School of Economics in Finland offers a comprehensive and rigorous curriculum designed to equip students with advanced analytical skills and a deep understanding of economic theories and their applications. This program emphasizes both theoretical knowledge and practical skills, preparing students for diverse roles in academia, industry, and public policy. Students engage with topics such as microeconomics, macroeconomics, econometrics, and international economics, supported by modern teaching methods and research opportunities. The program fosters critical thinking, quantitative analysis, and problem-solving abilities essential for addressing complex economic challenges globally. Hanken’s reputation as a leading business school in the Nordic region ensures exposure to a vibrant academic environment and international networks. Graduates emerge well-prepared for careers in economic research, consultancy, government agencies, international organizations, and the private sector. The program’s international focus and Finland’s innovative economic landscape provide a unique learning experience tailored for future economic leaders and analysts.
Programme Highlights
- Comprehensive curriculum covering microeconomics, macroeconomics, and econometrics
- Strong emphasis on quantitative and analytical skills
- Opportunities for research projects and thesis work
- Access to a vibrant international academic community
- Career support and networking with Nordic business and policy sectors
- Scholarship opportunities for international students
- Focus on real-world economic issues and policy analysis
Who Should Apply
This program is ideal for students passionate about economic theory, quantitative analysis, and policy-making. It suits individuals aiming for careers in economic research, consultancy, government, or international organizations. Graduates seeking to enhance their analytical and problem-solving skills within a global context will benefit. Those interested in understanding complex economic systems, data-driven decision-making, and the impact of economics on society should consider applying. The program also appeals to professionals looking to advance their expertise in economics while experiencing a multicultural academic environment in Finland.
Career Outcomes
Graduates of the Economics program at Hanken are well-equipped for diverse career paths including economic consulting, financial analysis, policy advising, and academic research. The strong analytical foundation enables roles in government agencies, international organizations like the OECD or IMF, private sector firms, and think tanks. Many alumni pursue doctoral studies or positions in economic forecasting and market analysis. The program’s emphasis on practical skills and international perspectives enhances employability and career advancement opportunities globally. Graduates often contribute to shaping economic policies and strategies in public and private sectors.
Admission Requirements
Applicants must hold a relevant bachelor’s degree or equivalent from an accredited institution. A strong academic record in economics or related fields is essential. Candidates should demonstrate proficiency in quantitative methods and intermediate-level economics courses. The application requires a CV, a statement of purpose outlining academic and career goals, and two letters of recommendation. Additionally, proof of English language proficiency is mandatory for non-native speakers. A motivation letter that highlights the applicant’s interest in economics and how the program aligns with their aspirations is highly recommended. Competitive applicants often have research experience or relevant internships. Meeting the minimum academic standards does not guarantee admission, as the selection process is competitive and based on academic merit, motivation, and alignment with the program’s focus areas.
Essential Documents
Requirements for Indian Students
Indian applicants must hold a relevant bachelor’s degree with strong academic records in economics or related fields. They must provide certified transcripts, a statement of purpose, CV, and two recommendation letters. Proof of English proficiency through IELTS or TOEFL is mandatory unless previous education was in English. Additionally, Indian students should submit a motivation letter explaining their interest in the program and career goals. Financial proof for visa purposes is also necessary. Indian candidates are encouraged to demonstrate quantitative and research skills. Meeting the minimum criteria does not guarantee admission, as selection is competitive and based on holistic evaluation.
English Language Requirements
Applicants must demonstrate proficiency in English through recognized tests such as IELTS (minimum 6.5 overall), TOEFL iBT (minimum 90), or equivalent qualifications. Proof of English language skills is required unless the applicant has completed previous education in English. Some exemptions apply for native speakers or those with certain academic backgrounds. Meeting these requirements ensures students can successfully engage with the curriculum and participate actively in academic discussions.
Important Notes for Indian Students
Indian students should carefully prepare all required documents, including certified academic transcripts, proof of English proficiency, and valid identification. Timely application for both the program and Finnish residence permit is crucial due to processing times. Financial proof demonstrating sufficient funds for living expenses is mandatory for visa approval. Indian students are advised to secure health insurance coverage valid in Finland before arrival. Familiarity with Finland’s climate and culture is helpful for adaptation. Engaging with Hanken’s international student services can ease the transition. Additionally, students should stay informed about any changes in visa regulations and scholarship deadlines. Networking with the Indian student community in Finland can provide support and valuable insights.
Fees & Funding
International Tuition Fee
15000 EUR per academic year
Home/Local Tuition Fee
No tuition fees for EU/EEA and Swiss citizens
* Fees are subject to change. Please verify with our counselors or the university website.
Estimated Cost (INR)
Approximately 1,320,000 INR per academic year (subject to exchange rate fluctuations)
Fee Summary
The tuition fee for international students is 15,000 EUR per academic year. EU/EEA and Swiss citizens are exempt from tuition fees. Students should also consider living expenses, study materials, and health insurance costs when planning their budget. Scholarships may reduce the financial burden for eligible students.
Scholarships
Hanken offers a range of scholarships for international students based on academic excellence and financial need. Scholarships may cover partial or full tuition fees and are awarded through a competitive process. Applicants must submit a separate scholarship application along with their admissions documents. The scholarships aim to attract talented students globally and support diversity within the program. Some scholarships also provide stipends for living expenses. Early application is recommended as scholarships are limited and highly sought-after.
Visa & Work Permit
International students from outside the EU/EEA must apply for a Finnish residence permit for studies. The application requires proof of admission, sufficient financial resources, valid health insurance, and a valid passport. The permit allows students to reside in Finland for the duration of their studies and permits limited work hours during the academic term. Processing times can vary, so early application is advised. Students must register with local authorities upon arrival. The Finnish immigration service website provides detailed guidance on the application process.
Student Visa Overview
Non-EU/EEA students require a Finnish student residence permit to study at Hanken. The permit application demands proof of admission, financial means (approximately 560 euros per month), health insurance, and a valid passport. Students can work up to 25 hours per week during term time. Residence permits are typically granted for one year and can be renewed. Applicants should apply well in advance to accommodate processing times. Upon arrival, registration with local authorities is mandatory. The permit also facilitates travel within the Schengen area.
Post-Study Work Opportunities
Finland offers graduates from Finnish universities a post-study work permit allowing them to stay for up to 12 months to seek employment or start a business. This opportunity enables international students to gain practical experience and transition into the Finnish labor market. Graduates can apply for a residence permit based on employment after securing a job. Finland’s strong economy and demand for skilled professionals in economics-related fields enhance prospects. Networking during studies and career services at Hanken support job placement. This pathway provides valuable experience and potential for long-term residence.
Why we recommend this programme
"We recommend prospective students apply early to maximize their chances for admission and scholarship opportunities. Applicants should ensure their academic background aligns closely with economics and quantitative subjects to thrive in this program. Strengthening research experience and obtaining strong recommendation letters can improve admission prospects. Indian students should prepare for visa processes ahead of time and seek guidance from Hanken’s admissions office if needed. Engaging with pre-arrival orientation and Finnish culture resources can facilitate a smooth transition. The program’s strong academic reputation, combined with Finland’s innovative environment, offers a unique advantage for career development in economics. Taking advantage of networking and career services during studies is highly advisable to build a professional foundation."
Frequently Asked Questions
Is work allowed during studies?
Yes, international students can work up to 25 hours per week during the academic term.
Are scholarships available for international students?
Yes, Hanken offers merit-based scholarships for outstanding international applicants.
Do Indian students need a visa?
Yes, Indian students need to apply for a Finnish student residence permit before arrival.
Is prior economics knowledge required?
Applicants should have a background in economics or related quantitative fields.
What are the English language requirements?
IELTS (6.5) or TOEFL iBT (90) is required unless previous education was in English.
University Profile
Explore campus life, rankings, and more about Hanken School of Economics.
Hanken School of Economics ProfileReady to Apply?
Get expert guidance and start your application process today.
Ready to pursue Economics?
Explore programmes, scholarships, and get expert guidance from our advisors to kickstart your journey.