Business education in Finland: choosing a university

Business education in Finland: choosing a university

Finland for higher and postgraduate education is chosen by students from all over the world: they are attracted by the European quality of training, the international environment in universitiesthe high standard of living, as well as the affordable cost of education. A Finnish diploma allows you to start a successful career in any country, including those related to business, economics and finance. We will talk about the features of business education in Finland using the example of a particular university.

MBA in Finland: features

MBA and similar programs in Finland train highly qualified specialists, offering courses in business administration, marketing, management, accounting, business ethics. Thanks to intensive classes and a variety of educational projects, students get the opportunity to deepen their knowledge, improve business communication skills, prepare presentations, etc. The choice of specializations is wide, from the Master of International Business and Sales Management to the Master of Arts in Creative Entrepreneurship.

Entry Requirements

The list of documents required to apply for a business education program in Finland depends on the chosen university. For example, the basic requirements for future masters include a bachelor’s or specialist’s degree, GMAT or GRE test results, a sufficient level of English proficiency, confirmed by a certificate (TOEFL, IELTS).

Cost of education

Since 2017, for students from countries outside the EU and EEA, tuition for master’s programs in English is paid at all universities in Finland. Tuition fees vary depending on the university. For example, at the University of Helsinki, a year of study costs from 13,000 to 18,000 euros, at Aalto University – from 12,000 to 15,000 euros. At the Hanken School of Economics, the price is 12,500 euros per year, while all international students are eligible to apply for one of the scholarships: they are awarded to those who achieve academic excellence and are involved in research.

For example, Hanken Honors Scholarship covers the tuition fees for both the first and second years, Hanken Honors Second Year Scholarship covers the tuition fees for the second year, and Finland Scholarship includes the first year and 5,000 euros for relocation expenses.

Hanken School of Economics

The Hanken School of Economics is an example of a popular university with a high rating for those who want to get a business education. Here, students from abroad have access to masters and doctoral studies taught in English.

Hanken School of Economics was established over a hundred years ago. Today it is an international university focused on close ties with the business community. It has two campuses: in Helsinki and Vaasa.

Teaching and business research are conducted in several areas:

  • Accounting and commercial law
  • Finance and Economics
  • Management and organization
  • Marketing

Competence centers also operate at the university, for example:

  • Corporate Responsibility Center
  • Center for International Economic Law
  • Corporate Governance Center
  • Institute for Research on Gender, Diversity, Equity, and Social Sustainability
  • Institute of Humanitarian Logistics, etc.


  • The international U-Multirank ranking ranks Hanken 5th in the world in terms of research and scientific connections.
  • The university has all three of the most important international accreditations: EQUIS, AACSB and AMBA, which only 1% of all business schools in the world can boast of.
  • In 2021, the Master in Management program was ranked 45th in the Financial Times European Business School ranking.

The Hanken diploma is highly regarded: according to the latest alumni survey, the school ranks first in terms of educational programs. 95% of graduates who graduated from Hanken in 2016 are satisfied with their career development, 98% are satisfied with their degree and are ready to recommend their alma mater to other students.


Hanken School of Economics offers a wide range of master’s programs. For example, the two-year Master of Economics and Business Administration program includes 120 ECTS credits. Students who study in English choose one of several areas: it can be business and management, corporate governance, economics, finance and accounting, intellectual law, etc.

In addition to academic programs at all levels, Hanken has an internationally accredited Executive MBA (EMBA) program that helps professionals strengthen their strategic decision-making and leadership skills. The course consists of two-year part-time modules and is taught in English.

International connections

Hanken alumni work in more than 60 countries around the world. Once upon a time, Hanken was the first among Finnish business schools to introduce foreign internships for undergraduate students.

Since 2017, the school has been running the Hanken International Talent program, which helps international students acquire professional connections and integrate into the working life of Finland. Hanken HIT offers various ways of cooperation between the employer and students. Companies that have joined Hanken HIT invite students for internships or summer internships. Master’s students from more than 20 countries specializing in marketing, business management, finance, accounting, logistics and intellectual property law participate in the program, and thanks to Hanken HIT, they not only gain invaluable experience but also find work in international companies.

Education in Finland with Allterra Education

If you want to study business, economics or finance in Finland, there is a wide range of universities, programs and specialties waiting for you. To find out more and build your own educational route, contact Allterra Education consultants.

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