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Master's Admissions

Admission to take only the Master's degree at the Helsinki Business Campus

An applicant who already has an appropriate Bachelor's/Master's degree may apply for a Master's degree program. The appropriate degrees are defined in the Admission Guide.

The Master of Science (Economics and Business Administration) degree is a higher academic degree (second-cycle degree) in Finland and equals to 120 ECTS credits which corresponds to two years of full-time studying. The student may also be assigned supplementary studies (max 60 ECTS credits). Studying towards the Master's degree does not suit students working full time. Depending on the course, the lectures may be during the daytime or sometimes also in the evening.

If you know Finnish, please go to the Finnish webpage, even if planning to apply to a degree program taught in English. This site is only for applicants who do not know Finnish.

Timetable for Master's Admissions 2012 and Studies that are Considered
Admission Guide 2012
Degree Programs in English and Requirement of GMAT/GRE in 2012
CEMS Master's in International Management (MIM)
Admission procedure
Required Enclosures for Application
Deadlines and Principles related to GMAT/GRE in 2012
Language Test requirements in 2012
Fees and Scholarships
Other Information for Decision-Making: Contents of the Degree, Statistics
More information

Timetable for Master's Admissions 2012 and Studies that are Considered

It is possible to apply with an incomplete degree. The degree giving the eligibility to apply must be completed and the completion verified by July 31, 2012.

However, only studies completed by the application deadline, 15 February 2012 at 16:15, can be considered in the admissions (completed meaning that the applicant is able to present a transcript or equivalent of courses and grades).

When assessing the application, those studies included in the applicant’s university degree/program will be assessed in the first place. Also other studies taken at a Finnish or non-Finnish university/polytechnic may, by the decision of Aalto University School of Economics, be taken into consideration. For the studies completed at Aalto University School of Economics Open University, only basic and subject studies (A and C level courses) can be considered as a rule.

Admission Guide 2012

» Admission Guide 2012: Admissions to Master's Degree (PDF published on 21 Dec 2011)

The applicant applies straight to the Master's degree program. Only one degree program can be chosen. Admission Guide includes admission criteria (who can apply and in what conditions: administrative and academic evaluation), general information related to studying and degrees, cost of study, language test requirements, taking GMAT, etc. GRE will be added for 2012.

Degree Programs in English and requirement of GMAT/GRE in 2012

In Master's admissions 2012, it is possible to apply to only one of the 12 degree programs taught in English. Please see below for the list of the degree programs and information on whether GMAT/GRE is required. See details of administrative (admission groups 1-4) and academic evaluation and ranking in admission guide.

CEMS Master's in International Management (MIM)

You can apply to ANY of Aalto Unversity School of Economics' Master's degree programs and if admitted to the School of Economics, then apply to CEMS as a student. See about CEMS at the School of Economics in CEMS MIM (into.aalto.fi), CEMS in general in www.cems.org and about rankings.

Admission procedure

The applicants for Master's degree programs fill in an online application form at https://apply.aalto.fi. The application form is available only during the application period 2 January - 15 February 2012 (4.15pm, GMT +2hrs).

Before filling in the on-line application form, please read PDF document "Application Steps 2012" carefully.

After filling in the on-line application, you need to print it out and send it to Aalto University School of Economics with the necessary enclosures by 29 February 2012 at 16.15 (4.15 pm, GMT +2hrs). The application will be considered only if the paper version of the online application is received by deadline; incomplete or late applications will not be considered. Please note that if multiple applications are sent, only the most recent will be processed.

The complete application package (application form in paper and all required enclosures) should be sent to:
    Aalto University School of Economics
    Admission Services
    P.O. Box 21210
    00076 AALTO, Finland

If you use courier services, please give the following address
    Aalto University School of Economics
    Admission Services
    Runeberginkatu 14-16
    00100 Helsinki
    Finland

When the paper applications arrive to School of Economics, Admission Services check required enclosures and eligibility (criteria of admission groups 1-4). The qualified applications proceed to academic evaluation and ranking. See admission guide for details.

Required Enclosures for Application

Aalto University School of Economics considers that the admission of a student is based on all the studies and courses which can be seen from the application documents or the enclosures that the applicant has provided the School of Economics with. The enclosures should be in Finnish, in Swedish or in English. The documents will not be returned, so please do not attach any originals.

» List of required enclosures for admission 2012 (PDF published on 21 Dec 2011)

Deadlines and Principles related to GMAT/GRE in 2012

Graduate Management Admission Test (GMAT®), GRE® General Test or GRE® revised General Test are considered. GMAT and GRE are equal in admissions to Master’s degree i.e. taking the other is not considered better. GRE® Subject Test is not used. GRE result which is comparable to GMAT is estimated using the guidelines provided by ETS (Educational Testing Service), see comparison table.

• GMAT/GRE must be taken on 15 February 2007 or later.
• GMAT/GRE cannot be taken after the application deadline, 15 February 2012.
• If multiple scores are provided, taking account of the above time limits, the highest score will be the one used.
• GMAT/GRE needs to be available for School of Economics to analyze by 15 February 2012 at 16.15 (4.15 pm, GMT +2hrs). The (preliminary) test result can be written into the online application system of Aalto University.
• To ensure that the application arrives in time, it is also possible to fill in the online application writing there only test date without test result, especially if the test date is close to the application deadline. The result must then be informed separately – preferably attached when delivering the paper version of the application and the necessary enclosures (if necessary can also be informed to admissions(at)aalto.fi using an informative subject title).
• When delivering the paper version of the online application and necessary enclosures at least the preliminary GMAT/GRE test result needs to be enclosed. GMAT test taker usually gets a preliminary test result in paper immediately after taking the test. GRE test taker can see the preliminary Verbal and Quantitative Reasoning Scores in the computer immediately after taking the test. However, usually those cannot be printed. (S)he could write them in paper and when giving the paper out, transfer the information for example to mobile phone. Enclosed to the Master's application, (s)he can then inform at least the test date, preliminary result and test place. GRE result received through My GRE Account must be informed as soon as possible!
• Official score report of GMAT/GRE must come directly from the test organization for the applicant to be admitted. The schools where the applicant wishes the test results to be send are chosen in the test session. Aalto University School of Economics uses still HSE's old GMAT Program Code C1N-9F-85 (School of Economics - MSc Degree Programs). Aalto University uses code 7364 in GRE.

Please book your test session early enough. It is also useful to get to know the test structure and practice the test before taking it. More information in Admission Guide and:
» www.mba.com (GMAT)
» www.gmac.com (GMAT)
» www.ets.org/gre (GRE)

Language Test requirements in 2012

When applying to English degree programs, a language certificate is needed. Only the following test results and levels are accepted:

• IELTS (Academic): Overall Band Score 6.5 and Writing 5.5
• Toefl iBT: Total Score 92 and Writing 22 (or TOEFL PBT: Total Score 580 and Writing 4.0)
• Cambridge Certificate in Advanced English (CAE) or Cambridge Certificate of Proficiency in English (CPE), grade A, B or C

IELTS and Toefl certificates are valid for two years, thus the oldest test result which is acceptable in the Master’s admissions 2012 is the result dated on 15 February 2010. CAE and CPE are valid forever, thus there are no restrictions for the oldest date in them. Please note that GMAT/GRE is not a language test. Thus, if a language test is required of the applicant, it cannot be replaced with GMAT/GRE.

For Toefl, the code for Aalto University is 7364. That is preferred, although the former Helsinki School of Economics (HSE) code 0636 (Graduate Schools 02) also still exists.

A language test is not needed only in the following cases:

• The applicant has completed a degree in Finnish, Swedish or English at a university or university of applied sciences (polytechnic) located in Finland.
• The applicant has completed a degree in English at a university or university of applied sciences (polytechnic) located in the EU or EEA (European Economic Area) country. The language of education being English has to be stated in the diploma, its enclosure, transcript or a separate official document given by the university or university of applied sciences.
• The applicant has completed a degree in English at a university or university of applied sciences (polytechnic) physically located in the USA, Canada, Great Britain, Ireland, Australia or New Zealand.

When applying to Finnish degree programs, the applicant needs to have adequate skills in Finnish. This will be confirmed with an interview if needed. This webpage does not include admission criteria of education, which is organized in Finnish.

Fees and Scholarships

For the intake of 2012, the programs listed below will charge a tuition fee of 8000€/academic year (non-EU/EEA-citizens). Aalto University offers also scholarships for non-EU/EEA-citizens in these programs. There continues to be no tuition fee for EU/EEA citizens. The fees/scholarships will not be imposed retroactively (i.e. students admitted in 2010 or earlier).

• Master’s Degree Program in Information and Service Management
• Master’s Degree Program in International Business Communication
• Master’s Degree Program in Marketing
• Master’s Degree Programme in International Design Business Management (IDBM)

Degree programs which are not listed, do not currently have either tuition fees
or scholarships. Only student union fee (less than 100€/year) needs to be paid. The student needs to pay for accommodation, school books etc. expenses himself/herself.

» More information on the fees and scholarships (studies.aalto.fi/en) 

Other Information for Decision-Making: Contents of the Degree, Statistics

When deciding which degree program to apply for, the applicant may consider his/her educational background, interests and the degree programs' principles of ranking. Additionally, it may be wise to get to know to the contents of the Master's degree and statistics.

» Master's Degree: Degree Programs, Minors, Common Core Studies (into.aalto.fi)
» Statistics on Master's Admissions

More information

Admission Services: email admissions(at)aalto.fi, or tel. +358 40 353 8104