Aalto University School of Business

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Aalto University School of Business
Aalto-yliopiston kauppakorkeakoulu
Aalto-universitetets handelshögskola
Aalto University School of Economics.jpg
Established 1911
Dean Professor Ingmar Björkman
Students 3,789 (2013)
Location Helsinki, FinlandFinland
Campus Urban, Inner City
Website business.aalto.fi/en

The Aalto University School of Business (Aalto BIZ, Finnish: Aalto-yliopiston kauppakorkeakoulu; Swedish: Aalto-universitets handelshögskola), is the largest and leading business school in Finland. Founded in 1911, it is the second oldest business school in Finland and one of the oldest business schools in the Nordic countries. The school became part of Aalto University as of 1 January 2010. It has been previously known as Helsinki School of Economics (HSE), Helsinki School of Economics and Business Administration (HSEBA), and during 2010-2012 as Aalto University School of Economics.[1]

Consisting of about 3,500 students and 500 researchers, the Aalto University School of Business is conducting research with relations with the business community.


The Aalto University School of Business was established in Helsinki in 1904 by the business community and was given the status of a university in 1911. It operated as a private university until 1974, when the state of Finland was given the financial responsibility of the university. Nevertheless, the school has remained autonomous in its administration and internal affairs. Since the foundation in 1911, 23,000 students have graduated from different programmes.

Rankings & Accreditations

The Aalto University School of Business has been accredited by all three major international organizations that certify business schools (AACSB, AMBA, EQUIS), a “triple-crown” accreditation possessed by only 55 other universities in the world. The school is also an active member of the CEMS (Global Alliance in Management Education) and PIM (Partnership in International Management).

Since 2005 the Financial Times has ranked the CEMS program among the top Masters in Management programs in the world.[2] The Aalto University School of Business is an active member of this joint program. Financial Times ranked Aalto University School of Business 29th in the European Business school rankings in 2013.,[3] 78th in Global MBA program,[4] 43rd in Master in Management program.[5]

Degrees and Programmes

The Aalto University School of Business offers university degrees in economics and business administration at the Bachelor, Master, Licentiate and Doctoral levels, along with MBA programmes targeted to business professionals hosted through Aalto University Executive Education.[6]

In its degree programmes, the school has a two-step program structure, accordingly with the Bologna Treaty, with a three-year bachelor's degree followed by a two-year master's degree. New students start by studying towards the BSc in Economics and Business Administration degree and on completion, are eligible to continue to study for the master's degree. A doctoral degree normally takes four additional years.

Bachelor's Programmes

From 2013, the School offers the following Bachelor's Programmes (3-year programme, 180 ECTS):

  • Economics & Business Management (in Helsinki, in Finnish)
  • International Business (in Mikkeli, in English).


Master's Programmes

The School offers the following Master’s programmes (2-year programme, 120 ECTS):

  • Accounting
  • Corporate Communication
  • Creative Sustainability
  • Economics
  • Entrepreneurship and Innovation Management
  • Finance
  • Information and Service Management
  • International Design Business Management
  • Management and International Business
  • Marketing
  • Strategy
  • Yritysjuridiikka (only in Finnish)

Students of the Aalto University School of Business MSc programmes are eligible to apply for double degree programs and CEMS MIM.[8]

MBA Programs

MBA and Executive MBA programs are offered by the Aalto University Executive Education AEE with operations in Helsinki, China, Singapore, South Korea, Taiwan and Sweden. There is a tuition fee in the MBA program unlike in the BSc/MSc degree programs. The MBA program is taught through two-week modules by visiting faculty from some of the best business schools in the world, including Emory University, Rutgers Business School, University of South Carolina, Georgetown University, UCLA, Concordia University, Queen’s University, Rotterdam School of Management, Erasmus University, Indiana University, ESADE and INSEAD.[9][10]


Each year, around 400 students are admitted into the Bachelor's Programmes and around 200 students to the Master's Programmes. Bachelor's admissions are based mainly on an admissions test (in Finnish) and the nationwide matriculation examination. Non-Finnish speakers and international students have the opportunity to gain admission through the SAT (Scholastic Admissions Test) conducted in English. Applicants with an appropriate bachelor's degree may apply in the Master’s admissions to take only the degree of Master of Science in Economics and Business Administration.

More information on School of Business admissions is available at: www.aalto.fi/en/studies/admissions/biz

Partner Universities

The Aalto University School of Business has exchange partnerships with over 150 universities in six different continents. Each year, close to 400 students go abroad on their exchange and the school welcomes over 350 incoming exchange students. The School of Business is collaborating with the leading business schools in Europe within the CEMS Community. Partner schools include, among others, Warwick Business School in the UK, Simon Fraser University in Canada, WHU-Otto Beisheim School of Management in Germany, National Chengchi University College of Commerce in Taiwan, Yonsei University in South Korea, Peking University in China, Sophia University in Japan, University of Southern California, University of Florida in the US and Skema Business School and ESCP Europe in France. In the CEMS network, partner schools include HEC Paris, ESADE in Spain, the London School of Economics in the UK and Universität St. Gallen in Switzerland. Comprehensive list of partner schools.

CEMS Master's in International Management

The CEMS includes 29 academic institutions from 5 continents, over 60 corporate partners and 4 social partners from around the globe.[11]

The CEMS Corporate Partners of Aalto University School of Business are Kone and Nokia.

The students at the Aalto University School of Business have the opportunity to take the CEMS MIM programme in addition to their MSc degree programme at Aalto BIZ. CEMS MIM is a one year's specialization program in international management. The CEMS MIM curriculum has been jointly designed by CEMS Schools and the Corporate Partners. At graduation, CEMS students at Aalto BIZ receive both MSc degree certificate and CEMS MIM certificate. CEMS MIM has a high recognition among the corporate sector. CEMS MIM has been ranked among the top ten in the world by the Financial Times among Masters in Management programmes.

PIM Partnership in International Management

The School of Business is a member of the PIM Network, which consists of 60 top business schools worldwide. Member institutions share reputations for upholding the highest degree of academic excellence both regionally and globally, and value the organization's spirit of international cooperation among its students, faculty and administrations. The know-how acquired within PIM has permitted members to enhance the international commitment of their institutions. Members meet annually to network, share best practices, discuss PIM's strategies for growth and development and collectively address issues that impact international education.

Notable alumni

The Aalto School of Business and its predecessor the Helsinki School of Economics has provided the Finnish markets with much of the management that has grown local Finnish companies into international actors. The school has also provided a platform for academic research in economy for a large number of merited Finnish scholars.


External links

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