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Hanken School of Economics

Helsinki, Finland

Updated: Reviewed by: Experts from Study Abroad Courses Org Team
4.2(1500 reviews)

Hanken School of Economics, located in Helsinki, Finland, offers a vibrant academic environment where students can immerse themselves in high-quality education. With a focus on business and economics, the university provides a unique opportunity for both local and international students to study in Finland and gain valuable skills for a global career.

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Key Statistics

Total Students

2000

Academic Staff

300

International Students

600

Bachelor's Programs

5

Master's Programs

7

Locations

2

Why Study Here

Choosing Hanken School of Economics means opting for a high-quality education that prepares students for success in the global business environment. The university's strong focus on practical learning and international exposure equips graduates with the skills needed to thrive in various industries. Hanken's connections with leading companies provide students with ample internship and networking opportunities, crucial for career development. Additionally, the diverse student body enhances the learning experience, as students share different perspectives and cultures, enriching classroom discussions. With a commitment to research-driven education and a supportive community, Hanken stands out as an ideal choice for those looking to study in Finland and achieve their career goals.

Our Campuses

Hanken School of Economics has its main campus located in the heart of Helsinki, offering students access to a vibrant urban environment while pursuing their studies. The campus is equipped with modern facilities, including state-of-the-art classrooms, study spaces, and a well-stocked library that supports a variety of learning needs. In addition to the main campus, Hanken also has a campus in Vaasa, which focuses on finance and business administration. Both campuses foster a sense of community and collaboration, with numerous opportunities for students to engage in extracurricular activities and networking events. The Helsinki campus, in particular, is surrounded by a rich cultural scene, giving students the chance to explore Finnish culture while enjoying a diverse student life.

Overview

Hanken School of Economics is one of the top universities in Finland, dedicated to providing a comprehensive education in business and economics. Established in 1909, Hanken combines academic rigor with practical application, ensuring students are well-prepared for the challenges of the modern business world. The university emphasizes internationalization, welcoming students from diverse backgrounds, particularly those looking to study abroad for Indian students interested in European education. Alongside its strong academic programs, Hanken fosters a collaborative learning environment, encouraging students to engage with faculty and industry leaders. Students benefit from a well-rounded educational experience, blending theoretical knowledge with hands-on projects and internships, enhancing their employability upon graduation. With a variety of bachelor's and master's programs, Hanken is positioned as a leader in higher education in Finland.

History

Hanken School of Economics was founded in 1909 by a group of Finnish businessmen, aiming to provide a high-quality education in economics and business administration. Over the years, the university has evolved, expanding its academic offerings and adapting to the changing needs of the business world. In the 1960s, Hanken began to gain international recognition, establishing partnerships with various universities across Europe and beyond. This growth paved the way for a more diverse student body, enabling Indian students and others from around the globe to study in Finland. The university has continually updated its curriculum and teaching methods, ensuring that it remains at the forefront of business education. Today, Hanken is celebrated not just for its academic excellence but also for its vibrant campus life and strong connections with the business community.

Education

Hanken School of Economics offers a wide range of academic programs at both the bachelor's and master's levels, providing students with the tools they need to succeed in the competitive business landscape. The university's teaching approach emphasizes critical thinking, teamwork, and practical applications of theoretical concepts. Courses are designed to foster an interactive learning environment, with a strong focus on real-world case studies and projects. Students can choose from various specializations, including finance, marketing, and management, ensuring they receive a tailored education that meets their career aspirations. Hanken also promotes international exchange programs, allowing students to experience different cultures while enhancing their academic profiles. This holistic approach to education not only prepares students for successful careers but also equips them with the skills necessary to navigate the complexities of the global economy.

Cost & Finance

Estimated Cost (INR)

The estimated yearly cost ranges from INR 800,000 to INR 1,200,000.

Tuition Fees

Tuition fees at Hanken School of Economics vary depending on the program level and the student's nationality. For international students, bachelor's programs typically range from EUR 12,000 to EUR 15,000 per year, while master's programs may cost between EUR 14,000 and EUR 18,000 annually. These fees include access to various university services, resources, and facilities. Additionally, students should budget for living expenses, which can significantly impact the overall cost of studying in Finland. Hanken offers various scholarships that can help offset tuition costs, making it more manageable for students to pursue their education.

Housing & Living Costs

Living costs in Helsinki can vary depending on lifestyle choices but are generally estimated to be around EUR 800 to EUR 1,200 per month. This includes accommodation, food, transportation, and leisure activities. Students can find various housing options, from university dormitories to private rentals, each with different price ranges. Public transportation is efficient and relatively affordable, making it easy to navigate the city. While Helsinki is known for its high standard of living, many students find ways to manage their expenses effectively, allowing them to enjoy their time in Finland without financial stress.

Scholarships

Hanken Scholarship

Awarded to students demonstrating exceptional academic performance, covering a significant portion of tuition fees.

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Finland Scholarship

Aimed at international students, this scholarship provides financial support to help cover living costs while studying in Finland.

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Business Excellence Scholarship

For students pursuing business-related programs, this scholarship recognizes outstanding academic achievements and offers financial relief.

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Diversity Scholarship

Encourages applications from underrepresented groups, providing financial support to enhance diversity within the student body.

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International Student Grant

This grant is available for international students facing financial difficulties, aiming to support their studies and living expenses.

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Admissions & Visa

Indian Student Requirements

The admission process for Indian students at Hanken School of Economics is straightforward and designed to facilitate a smooth transition to studying in Finland. Prospective students are required to submit their academic transcripts, proof of English proficiency, and a motivation letter detailing their interest in the program. The university evaluates applications based on academic performance, relevant experience, and motivation. Indian students can also benefit from targeted support services, including pre-arrival guidance and orientation programs upon arrival in Finland. It is advisable for applicants to stay updated on application deadlines and requirements, which can vary by program. By following these steps, Indian students can successfully navigate the admission process and embark on their educational journey at Hanken.

English Proficiency

To gain admission to Hanken School of Economics, students must demonstrate proficiency in English through standardized tests such as IELTS or TOEFL. A minimum IELTS score of 6.5, with no section lower than 6.0, or a TOEFL score of 90 is generally required for undergraduate and master's programs. These requirements ensure that students can engage fully with the curriculum and participate in discussions effectively. Prospective students should prepare adequately for these tests to meet the necessary benchmarks, as proficiency in English is crucial for successful study in Finland.

Visa Overview

The student visa process for Finland involves applying for a residence permit, which is necessary for non-EU/EEA students planning to stay longer than 90 days. Students must gather required documents, including proof of admission from Hanken, financial statements showing sufficient funds to cover living expenses, and health insurance. The application can be submitted online, and students are advised to allow sufficient time for processing, as it can take several weeks. Once the application is approved, students can travel to Finland and must register their residence upon arrival. The Finnish immigration authorities provide detailed guidance on the steps involved, ensuring a smooth transition for students embarking on their educational journey.

Research

Hanken School of Economics is committed to advancing knowledge through impactful research in business and economics. The university is home to several research centers that focus on key areas such as consumer behavior, sustainability, and corporate governance. These centers collaborate with industry partners and other academic institutions to address real-world challenges, ensuring that research output is relevant and applicable. Hanken’s faculty members are active researchers, contributing to prestigious journals and presenting their findings at international conferences. This research culture enriches the academic experience for students, as they are often involved in projects that contribute to innovative solutions in the business field. Moreover, Hanken encourages interdisciplinary research, fostering collaborations that push the boundaries of traditional business studies, further solidifying its reputation as a leading research institution among universities in Finland.

Accreditation & Recognition

Hanken School of Economics holds multiple accreditations that affirm its quality of education and international recognition. It is accredited by the AACSB (Association to Advance Collegiate Schools of Business), a hallmark of excellence in business education. Additionally, Hanken is part of the CEMS (Community of European Management Schools), which allows students to participate in a global network of leading business schools and multinational companies. These accreditations not only enhance the university's credibility but also provide students with a competitive advantage in the job market. Employers recognize Hanken graduates for their high standard of education, which is further supported by the university's continuous commitment to maintaining and improving its educational quality through rigorous evaluation and feedback mechanisms.

Career & Post-Study Work

After completing their studies at Hanken School of Economics, international students have the opportunity to apply for a post-study work permit. This permit allows graduates to stay in Finland for up to one year to seek employment related to their field of study. This period provides valuable time for graduates to establish themselves in the Finnish job market, which is known for its high standard of living and robust economy. Graduates are encouraged to utilize their time effectively by networking and applying for jobs, as many companies value the skills and perspectives that international graduates bring. The supportive career services at Hanken can assist students in this transition, offering resources and guidance as they embark on their professional journeys.

Student Life & City Life

Life at Hanken School of Economics is dynamic and enriching, providing students with numerous opportunities to engage both academically and socially. The university boasts various student organizations and clubs that cater to diverse interests, including entrepreneurship, finance, and international relations, allowing students to connect with peers who share similar passions. Campus events, workshops, and guest lectures frequently take place, promoting a vibrant community where ideas can flourish. Additionally, students can enjoy the cultural richness of Helsinki, with its museums, theaters, and outdoor activities readily available. The supportive environment at Hanken encourages students to develop not only academically but also personally, preparing them for their future careers and fostering lifelong friendships.

What Students Say

Studying at Hanken for my Master's in Management was a transformative experience. The faculty were incredibly supportive, and I had the chance to intern at a leading Finnish firm. This opportunity allowed me to apply my skills in a real-world setting, leading to a job offer right after graduation in a top consultancy firm.

Postgraduate Student

As an undergraduate student in Economics, I found Hanken to be a great place to learn and grow. The diverse environment and engaging classes helped me understand complex concepts easily. Living in Helsinki was an adventure, and I secured a job in a multinational company before completing my degree, thanks to the university’s strong industry connections.

Undergraduate Student

Frequently Asked Questions

What is the process for obtaining a student visa for Finland?

To obtain a student visa for Finland, you need to apply for a residence permit, which requires proof of admission, financial resources, and health insurance.

What are the estimated costs of studying at Hanken?

The cost of studying at Hanken can vary, with tuition fees ranging from EUR 12,000 to EUR 18,000 annually, plus living expenses.

How can Indian students apply for admission?

Indian students can apply online by submitting their academic documents, proof of English proficiency, and a motivation letter through Hanken's application portal.

Are there scholarships available for international students?

Yes, Hanken offers various scholarships for international students based on academic merit and financial need, which can significantly reduce tuition costs.

What are the job opportunities for graduates in Finland?

Graduates from Hanken have excellent job prospects in Finland, with many finding employment through internships and connections made during their studies.

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