Studies

Master of Science in Economics and Business Administration

The admissions to Master's programmes at Aalto University are organized once a year. The application period for studies starting in autumn 2016 is from 1 December 2015 to 15 January 2016. These instructions apply to the 2016 admissions in the field of Business and Economics.

Selection schedule

The application period for studies starting in autumn 2016 is 1 December 2015 - 15 January 2016.

Application period 2016

1 Dec 2015
 

Application period begins, online application system opens.

15 Jan 2016 (at 15.00 pm, GMT +2hrs)

Application period ends, online application system closes. Deadline for delivering the printed and signed application cover letter and the required application documents. Studies to be considered in admissions need to be completed and graded and transcript submitted. Official GMAT, GRE and language test results need to have arrived at the School of Business.

Feb - March 2016

Eligible applications are evaluated by the programme staff.

29 March 2016

First possible publication date of admission results.

31 May 2016 (at 15.00 pm, GMT +2hrs)

Deadline for accepting the study place.

31 July 2016

The degree granting eligibility to apply must be completed and the completion verified.

5 Aug 2016
(at 15.00 pm, GMT +2hrs)

Deadline for providing officially certified copy of degree certificate and final study transcript. (concerns applicants with incomplete degree)

around week 35/36

Term starts with orientation to studies.

Programmes offered

In the Master’s admissions, the applicants apply directly to a Master’s programme. It is possible to apply for one of the Master’s programmes offered at the Aalto University School of Business. The selected Master's programme is marked on the application form. The decision on the programme is binding and it cannot be changed after the admission deadline.

The Master's programmes offered at the Aalto University School of Business in 2016 and their language of instruction are listed below. The programme-specific academic evaluation and eligibility criteria for 2016 are defined on the programme pages.

Who can apply

Admission groups and degrees granting eligibility to apply

Applicants with an appropriate Finnish or non-Finnish university or university of applied sciences degree may apply directly to a Master’s programme to take the degree of Master of Science in Economics and Business Administration at the Aalto University School of Business. Applicants apply in one of the two admission groups based on the degree granting eligibility to apply. 

ADMISSION GROUP 1: Applicants with Finnish lower university degree in “Economics and Business Administration”

Only applicants with a lower university degree in “Economics and Business Administration” completed at a university in Finland apply in Admission Group 1. The name of the degree is kauppatieteiden kandidaatti, KTK in Finnish. The Finnish universities are listed on the Ministry of Education and Culture website. In addition, applicants having completed a Finnish lower university degree with a major in Economics can apply to the Master’s Programme in Economics in admission group 1.

An applicant with a Finnish higher university degree in “Economics and Business Administration” (Master of Science in Economics and Business Administration) is not eligible to apply.

All other applicants, including applicants from Finnish universities of applied sciences, apply in Admission Group 2.

ADMISSION GROUP 2: Applicants with Finnish university degree other than in "Economics and Business Administration”, university of applied sciences/polytechnic degree or non-Finnish university or university of applied sciences/polytechnic degree

Applicants with Finnish university degree other than in "Economics and Business Administration”, Finnish university of applied sciences degree and non-Finnish university or university of applied sciences degree apply in admission group 2.

The non-Finnish degree granting eligibility to apply must be equivalent of 180 ECTS credits or more, i.e. the degree must be of at least three years of full-time studies. The university granting the degree must be an official and recognized part of the national education system and it has to be found on an official list or in an international handbook that is completed by some international organization (e.g. UNESCO). The degree must be in the same or relevant field. An applicable degree may also be a university-level BBA-program or internationally accredited university level MBA-program. Aalto University School of Business has the right to determine whether a degree or the university granting the degree fulfill the eligibility requirements.

In addition to the degree granting eligibility to apply, applicants in the Admission Group 2 must have GMAT or GRE test result and language test result above the minimum criteria. More information about the general eligibility criteria below:

GMAT / GRE test result

In Admission Group 2 Graduate Management Admission Test (GMAT) or Graduate Records Examination (GRE) is obligatory and the minimum criteria is 550 (Total score) in GMAT or an equivalent GRE result. More information about the tests, delivering the test results and deadlines at: GMAT/GRE test result.

  • Applicants applying for the Master’s Programme Yritysjuridiikka (offered only in Finnish) are not required to take GMAT or GRE test.

Language requirements

The language of instruction in the Master's programmes at the Aalto University School of Business is English, except for the Master’s Programme Yritysjuridiikka which is in Finnish. The applicants must have excellent command of English and they are required to attach an official language test report to their application. The accepted language tests, their minimum scores and exemptions from the requirement are listed at: Language requirements.

Applying with an incomplete degree

Students in their final year of a Bachelor's degree programme are eligible to apply, provided they will graduate by 31 July 2016. If the applicant is accepted to the university, he/she must deliver a certified copy of the degree certificate (and its authorised translation, if applicable) to the university by 5 August 2016. If the student is not able to graduate or fails to deliver a degree certificate by the given deadline, the conditionally offered study place will be cancelled. 

If you apply with an incomplete degree, please note that you will have to be able to graduate by 31 July 2016. In some faculties/institutions it may not be possible to graduate during the summer. The students must reserve enough time to complete all the courses required for the degree and for the administrative processes of obtaining a degree certificate at their home institution. Please note that if you expect to graduate after 31 July 2016 or cannot submit your degree certificate by 5 August 2016 you are not eligible to apply in the admission round 2016. There will be no exceptions to the deadlines.

Only studies included in the official transcript of records submitted by the end of the application period (15 January 2016 at 15.00) can be taken into account in the admissions.

Additional information

  • In addition to the degree granting eligibility to apply also other studies taken at Finnish or non-Finnish university/university of applied sciences may, by the decision of Aalto University School of Business, be taken into consideration.

  • An applicant, who already has a study right to take the Master’s degree at the Aalto University School of Business, is not eligible to apply for admission. However, Aalto University’s cross-disciplinary degree programmes Creative Sustainability and International Design Business Management make an exception for the rule. If admitted to one of those programmes, the acceptance of the place will be considered as changing the study programme if the applicant has already chosen her/his Master’s programme at the Aalto University School of Business.

  • Applications that meet the general eligibility criteria are evaluated in the degree programmes. Each master's programme has programme-specific academic evaluation criteria according to which the applications are ranked and the final admission decision is made. Programmes may have eligibility prerequisites such as minimum amount of credits in a specific subject or minimum GPA. The programme-specific academic evaluation criteria are available on the programme pages. Note! See the academic criteria according to the Admission Group you are applying in.

  • Applicants who fulfil the requirements are not guaranteed to be admitted, because admission to the programmes is limited. Only the best applicants are admitted and the programmes do not have a minimum quota.

How to apply

The application period is once a year and the next application round in Master's admissions is 1 December 2015 - 15 January 2016 for studies beginning in autumn 2016. It is possible to apply for one of the Master’s programmes offered at the Aalto University School of Business. The selected Master's programme is marked on the application form. The decision on the programme is binding and it cannot be changed after the admission deadline.

1. Before applying

All applicants in Admission Group 2 and all applicants to the Master's Programme in Finance are required to take the Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) -test. The official test result has to arrive at Aalto University directly from the test organizer by 15 January 2016. Make sure to book the test date and take the test early enough. The test procedure may take several months including booking the test date, practising for the test, taking the test and reporting the official results. Note also that there might not be test dates available or they may be fully booked closer to the application period. Applications without the test result by the deadline or with a score below the minimum requirement will not be processed. More information at GMAT/GRE test result.

Also the language test needs to be taken early enough for the results to arrive by the deadline. Further information on the accepted language tests, their minimum requirements as well as language test exemptions is at Language requirements.

2. Application fee

Applicants to Finnish higher education institutions (polytechnics/universities of applied sciences (UAS) and universities) who are applying based on a degree completed outside the EU/EEA area or Switzerland will be required to pay an application fee of 100 €

The application fee concerns applicants to Bachelor's and Master's level studies. Application fees will be collected for the first time when applying for studies beginning in autumn 2016.

The collection of the application fee is independent of the home country or nationality of the applicant. The fee will be collected according to the country where the applicant’s previous degree has been completed.

If you have completed the degree that you are applying with elsewhere than

  • the EU/EEA countries: (Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, the United Kingdom of Great Britain and Northern Ireland and Gibraltar)
  • Switzerland

you are required to pay the fee of 100 € before sending the application. The application fee is valid for one application period, and it covers all the applications that you make for study programmes that begin in the same semester.

The application fee payment can only be made electronically through the Studyinfo.fi service. The application and the payment have to be made by the same person. An applicant who is liable for payment must pay the application fee in order for the application to be processed.

The payment will not be returned even if the applicant is not accepted to any of the study programmes that he or she has applied to. The payment can be returned only if it has been faultily collected.

More information about the application fee is available in the Application fee FAQ leaflet (PDF) by the Finnish National Board of Education.

3. Online application system

The online application form is available only during the application period 1 December 2015 - 15 January 2016. The application forms are specified by field. Before filling in the online application form or submitting any documents, please read carefully the admission requirements and instructions.

You may apply for only one Master's programme in the field of business and economics. Only one application form per applicant can be processed, do not fill in several application forms in the system.

Applicants use the online application system to follow the status of their application and see the arrival of their documents. The online system is used throughout the selection process. Also the final admission results will be published via the online application system.

4. Gathering the required application documents

After filling in and submitting the online application form, the provided application cover letter needs to be printed out from the online system, signed and sent to the Aalto University School of Business with all the required application documents

The application can be processed only if the signed cover letter and all the necessary enclosures are received by the university by 15 January 2016 at 3 pm local time (GMT +2:00); incomplete or late applications will not be processed. Application documents cannot be sent by email or fax.

5. Administrative check of general eligibility

Once your documents have been received by the Aalto University School of Business and marked as arrived into the application system, you will receive an e-mail notification. The Admission Services process all the applications and check their general eligibility, i.e. check the authenticity of the documents, make sure that the application contains all the requisite documents and that the applicant fulfills the general admission requirements. Only eligible applications are forwarded to the degree programme for academic assessment. Incomplete or ineligible applications will be rejected at this stage. 

Applicants should check the Monitoring page in the online application system to see the status of their application, i.e. whether their application documents have been received by the Aalto University and if anything is missing. We cannot reply to enquiries concerning the reception of the documents.

6. Academic evaluation

The final admission decision is made by the degree programme based on the predefined academic evaluation criteria. See the programme-specific requirements on the programme pages which you can find at Programmes offered. Admission is granted on a competitive basis - the applicants are assessed for instance on the basis of their previous academic record and compared with each other. Only the best applicants will gain admission. The number of seats is restricted. This means that some applicants might not be admitted even if they are eligible for the programme. The programmes are not obligated to fill up all the available study places. The status of the applications cannot be commented during the academic evaluation.

7. Results of admission

All eligible applicants whose applications are processed will be informed of their admission decision via the online application system. Successful applicants will also receive a formal letter of admission, which will be mailed to the address specified in the online application system. The applicants are themselves responsible for keeping their contact information updated in the application system during the whole application procedure.

8. Appealing against the admission decision

The right of appeal means that the applicant has the possibility to request for rectification if she/he believes that there has been an error in the decision-making process. The appeal should be submitted to the Registry of the University within 14 days after the publication of the decisions. In the appeal the applicants should specify the reasons for it. The right of appeal is not intended as means for receiving feedback or asking for further information about the application process.

9. Accepting the offer of admission

The admitted applicants must accept the offer of admission according to the instructions sent with the admission letter. The study place must be accepted by the given deadline. The acceptance is binding and it cannot be changed later on. Further instructions are sent with the admission letter to the admitted students by mail.

Required application documents

Applicants need to fill in and submit an online application form. In addition, the provided cover letter has to be printed from the online system, signed and sent with all of the required application documents to the School of Business.

Required application documents

The application form must be filled in and submitted online. The following documents must be enclosed with the printed and signed application cover letter and sent to the Aalto University School of Business:

  1. An officially attested copy of an official Bachelor's degree certificate, or a certificate of equivalent studies
  2. Authorised translation of the degree certificate (if the degree certificate is not in Finnish, Swedish or English)
  3. Official transcript of records listing your completed university studies, or an officially attested copy of it
  4. Authorised translation of the transcript (if the transcript is not in Finnish, Swedish or English)
  5. Copy of passport or ID card
  6. GMAT or GRE test result for admission group 2 (and applicants to Finance). The official test result has to arrive directly from the test organizer by the deadline, in addition an unofficial copy of the score report can be submitted.
  7. Language test scores

Additional documents, if applicable:

  • Course descriptions of the courses in subject/s required by the Master's programme you apply for (if any). Not required of courses completed at Aalto University School of Business.
  • Explanation of the extent of the courses completed at a non-Finnish university/university of applied sciences compared to the European Credit Transfer System (ECTS) credits (unless originally registered in ECTS credits)
    Explanation of the grading of the courses completed at a non-Finnish university/university of applied sciences
  • Official transcript of records of additional studies to be taken into account in admission (or an officially attested copy)
  • Diploma Supplement, if applying with a foreign degree certificate and if available. More information on the European Commission website (ec.europa.eu)
  • Enclosures required by the Master's programme for academic evaluation. In addition to the compulsory application materials, some programmes require additional documents to be able to better evaluate your application, such as CV or relevant work certificates. These documents do not affect the general eligibility of the application, but can affect the selection decision.
  • Students in their final year of a Bachelor's programme may apply, provided that they will graduate no later than 31 July 2016. When applying with an unfinished degree, please provide a certificate of your student status or a statement by the higher education institution about your estimated time of graduation. Your valid study right may also show on your transcript of records.

If an obligatory application document has not been provided by the end of the application period, the application will not be processed. The application documents are not returned. Do not use staples, paper clips or interleaves; simply arrange your application documents in order. Do not attach a photo to the application form.

GMAT/GRE test result

All applicants in Admission Group 2 (except applicants for Yritysjuridiikka which is offered only in Finnish) and all applicants for the Master's Programme in Finance regardless of the admission group are required to take a Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) standardized admission test. The minimum test score is a total score 550 in GMAT or an equivalent GRE result. GMAT and GRE tests are equal in the Master’s admissions i.e. taking one or the other is not considered better. GRE results are converted to GMAT results using the ETS (Educational Testing Service) guidelines and comparison tool at: ETS GRE/GMAT comparison tool (ets.org).

The official test result has to arrive at Aalto University by 15 January 2016, therefore we recommend booking your test date early enough. It is the applicant’s responsibility to take the test early enough and to make sure that the test organizer provides the official test result in time. Please note that there might not be test dates available or they may be fully booked closer to the deadline. GMAT and GRE results are valid for five years; the earliest possible test date accepted in the admission is 1 December 2010.

Applications without GMAT/GRE test result in admission group 2 or with a result below the minimum requirement will not be processed. GMAT/GRE is not a language test, thus if a language test is required of the applicant, it cannot be replaced with GMAT/GRE.

  • GMAT: Aalto University School of Business requires that the applicant’s Official Score Report is delivered to the School of Business directly by the test organizer. Aalto University School of Business receives the test reports electronically from the test organizer. The institutions where the applicant wishes the score report to be sent are chosen in the beginning of the test session. The results can be sent to a maximum of 5 institutions. The GMAT Program Code for the Aalto University School of Business Master’s degree admissions is C1N-9F-85 (MSc Degree Programs). If you have taken the test earlier and the score was not sent to Aalto University School of Business with the above code, request the test organizer to mail your Official Score Report to Aalto University School of Business. Only the Total Score is considered for the general eligibility requirement in the admissions. Total Score consists of Quantitative Section and Verbal Section, thus Analytical Writing Assessment and Integrated Reasoning do not count for the Total score. For further information about GMAT, please visit GMAT (mba.com).
  • GRE: In addition to GMAT score, a comparable GRE test score is accepted. GRE General Test or the GRE revised General Test are taken into account. GRE Subject Test is not used. Aalto University School of Business expects to receive the applicant's official GRE test report directly from the test organization. The reporting code to Aalto University is 7364. If the test has been taken earlier and not sent to Aalto University, GRE report must be ordered from the test organization again with a code (”Additional Score Report”). Only the Verbal Reasoning Score and Quantitative Reasoning Score of the GRE test are taken into account in admissions. GRE results are converted to GMAT results with the ETS GRE/GMAT comparison tool (ets.org). For further information about GRE, please visit the website of the test organizer at GRE (ets.org).

More information about GMAT and GRE is available also in FAQ section of this website.

Language requirements

Accepted language tests and their minimum scores

  • IELTS (Academic IELTS only)
    • Overall Band Score: 6.5 and Writing Band Score: 5.5
  • Pearson Test of English Academic (PTE A)
    • Total score: 59 and Writing score: 50
  • TOEFL (IBT = Internet Based Test, PBT = Paper Based Test)
    • Total score: 92 (IBT), 580 (PBT) and Writing score: 22 (IBT), 4.0 (PBT)
  • CAE/CPE (CAE = Cambridge Certificate of Advanced English, CPE = Cambridge Certificate of Proficiency in English)
    • Grades A, B, C

No other English proficiency tests are accepted. The minimum requirements are very strict. If your score does not fulfill the minimum requirements, you are not eligible to apply and your application cannot be processed.

Exemptions from the language test requirement

The following groups of applicants do not need to submit a language certificate:

Applicants who have completed a higher education degree:

  • instructed in Finnish, Swedish or English at a university or a university of applied sciences in Finland.
  • instructed in English at a university or a university of applied sciences in an EU/EEA country. The official language of the degree programme has to be stated in the degree certificate or its supplement, in the transcript of records or in an official document issued by the higher education institution in question.
  • instructed in English at a higher education institution that is physically located in one of the following countries: USA, Canada, UK, Ireland, Australia or New Zealand.

Only the above-mentioned groups are exempted from the language test requirement. For all other applicants the official language test result is an obligatory application document and applications without the test result will not be processed. There are no exceptions to the above-mentioned requirements.

Submitting the language test scores

Applicants who take the IELTS need to enclose a copy of the score report with the application documents. Because IELTS certificates can be electronically verified by Aalto University, applicants may send plain copies of their IELTS certificates. If you receive your IELTS score after submitting your application to Aalto University, you can send a scanned copy of your result by e-mail (admissions [at] aalto [dot] fi). Please mention the programme you are applying for as well as your full name and application ID number in the email. 

Applicants who take the PTE A test can deliver their score to Aalto University once they have signed in to the PTE account on the test organizer's website. The scores can be sent to an unlimited number of institutions free of charge. The test organizer will send an email to confirm that the scores have been sent. Note that according to PTE, it takes up to 48 hours for scores to be sent to institutions. For more information on how to deliver PTE results, please see the test organizer's website.

Applicants who take the TOEFL test need to request for the official score report to be sent directly to Aalto University, reporting code 7364 as soon as the score is available. Only the official score report submitted by ETS is accepted.

Applicants who take the Cambridge Certificate (CAE, CPE) test, need to request the testing authority to mail an official score report to Aalto University School of Business:

Aalto University School of Business
Admission Services / Master's admissions
P.O.Box 21210
FI-00076 AALTO
Finland

If you use a courier service, please give the following address:

Aalto University School of Business
Admission Services / Master's admissions
Runeberginkatu 14-16
00100 HELSINKI
Finland
tel. +358 40 353 8114

The language test result has to be valid during the application period, i.e. the test result has to be valid at least on the first day of the application period. Please note that the IELTS, PTE A and TOEFL language test reports are valid for two years, starting from the test date. Note also that the ETS does not send TOEFL test results after they have expired. CAE and CPE do not have any restriction for their validity.

Registration for language proficiency test

Be advised to register for the language test well in advance. There might not be test dates available or they may be fully booked closer to the application period. You need to take the test early enough in order for the result to reach Aalto University in time. Please check from the testing center how long it takes for the test result to arrive at Aalto University. The official language test result has to arrive at Aalto University by 15 January 2016. To find out more about the test dates and test centres, please visit the website of the test organizer:

IELTS (ielts.org)
PTE Academic (pearsonpte.com)
TOEFL (ets.org)
CAE (cambridgeesol.org)
CPE (cambridgeesol.org)

Studies in Finnish (only Master's Programme Yritysjuridiikka)

International applicants who wish to study in Finnish, but have not completed a school or a university degree in Finnish or in Swedish, must provide a certificate of their Finnish proficiency. Sufficient proficiency can be proven only by passing the National Certificate of Language Proficiency ("yleinen kielitutkinto") with the minimum grade of 4/6. Applicants who fail to submit their test score by 7 August 2016 will not be admitted. You can check the test schedules for the Finnish test on the web pages of the Finnish National Board of Education (Opetushallitus), which coordinates the tests. Please note that there are only a few test dates available every year and especially in the Helsinki metropolitan area they fill out quickly so it is very important that you check the test dates well in advance.

Aalto University does not organize language tests.

Programme-specific enclosures

In addition to the application documents required from all applicants, the degree programmes require the following enclosures for academic evaluation:

Accounting: no additional enclosures
Corporate Communication: motivation video (length 2 minutes)
Creative Sustainability: motivation letter (approx. 1000 words)**, CV (curriculum vitae)
Economics: motivation letter*
Entrepreneurship and Innovation Management
: motivation letter*
Finance
: motivation letter (less than 300 words)**
Information and Service Management: no additional enclosures
International Design Business Management: motivation letter (1-2 pages)**, CV (curriculum vitae)
Management and International Business: analytic writing skills essay***
Marketing
: CV (curriculum vitae), relevant certificates of employment, other certificates of professional experience, other certificates and information the applicant considers necessary, analytic writing skills essay (for applicants in admission group 2)***
Strategy: CV (curriculum vitae), motivation letter*
Yritysjuridiikka: no additional enclosures

* Motivation letter is written in English in the online application system and it does not have to be printed out. You can prepare the letter beforehand and paste it onto the online form. The maximum length of the motivation letter is 4000 characters including space characters.
** Motivation letter for Creative Sustainability, Finance or IDBM is not written in the online system. The letter should be written in English with a computer, printed, and sent as a paper copy with the other application documents by mail.
*** Analytic writing skills essay (Management and International Business and Marketing) is written in English and it should have 750-1000 words. The essay is sent as a paper copy with the other application documents by mail.

Attesting the copies

If the degree is awarded by a higher education institution in Finland, the copies of study certificates must be certified either by the issuing institution or by two unbiased signatories. An unbiased person is at least 15 years old, not one's immediate family, current/former spouse, fiancé/e or adoptive parent/child. The copies must be made of the original, official documents. Copies of copies will not be accepted. If the certificate has several pages, each page must be certified from the right side of the page. Each page of the copy must carry the signature, name of the signatory/signatories and date. The signatories must see the original document and the copy of it side by side. By signing they certify that the copy is an unaltered copy of the original document.

If the degree is awarded by a higher education institution outside Finland, the copies of study certificates must be certified by the issuing institution or by a notary public. The certified copies must be made of the original, official documents. Plain copies of the original documents are not accepted. If the certificate has several pages, each page must be certified from the right side of the page. Each page must be certified separately and indicate clearly the date and the original signature, printed name and stamp of the certifying officer. The mere mention of the official copy (e.g. stamp "True copy") is not enough. Please see also the country-specific requirements.

Aalto University School of Business does not take copies of application documents or attest them.

Translations

All required documents must be available either in Finnish, Swedish or English. If the original study certificates are not issued in Finnish, Swedish or English, the applicant must provide official translations of them. A translation is regarded official if it is made by an authorised translator or by the university that has granted the degree. Translations must be either originals or certified copies of the original translations. Certified copies of the original study certificates in the original language must be enclosed as well.

Country-specific documentation requirements

There are country-specific documentation requirements for degrees awarded in Australia, Bangladesh, Cameroon, Canada, China, Eritrea, Ethiopia, Ghana, India, Indonesia, Iran, Ireland, Kenya, Malaysia, Nepal, New Zealand, Nigeria, Pakistan, South Africa, Sudan, United Kingdom and USA.

Please see the country-specific requirements.

Additional information about the required documents

  • All requested documents or their translations must be provided in Finnish, Swedish or English.
  • All copies of study certificates must be officially attested and all translations of them must be authorised and accompanied by a copy of the original. Regular copies of study certificates are not accepted under any circumstances.
  • See also Country-specific documentation requirements if your degree is awarded in Australia, Bangladesh, Cameroon, Canada, China, Eritrea, Ethiopia, Ghana, India, Indonesia, Iran, Ireland, Kenya, Malaysia, Nepal, New Zealand, Nigeria, Pakistan, South Africa, Sudan, United Kingdom or USA.
  • The copy of your passport does not need to be attested.
  • Incomplete applications will not be considered.
  • Provisional degree certificate: In some countries students are awarded a provisional certificate upon graduation while waiting for the issuance of a final degree certificate. Provisional degree certificates cannot be more than five years old. If the provisional degree certificate has been issued more than five years prior to beginning of the application period, the applicant must deliver an attested copy of the final degree certificate.
  • Make sure you deliver all documents within the application period. Documents delivered after the deadline cannot be taken into consideration. Applicants will not be requested to supplement additional documents. See the deadlines for providing the application documents at Selection schedule.
  • Applications or application documents are not accepted by e-mail or fax.
  • If you deliver supporting or missing documents after you have sent your other application documents, please make sure that it is stated clearly in the delivery for what purpose the documents are, what is your name and your application ID number.
  • The application documents are not returned. Do not use staples, paper clips or interleaves; simply arrange your application documents in order. Do not attach a photo to the application form.
  • You can apply for one Master's programme in the field of business and economics. Remember to include the programme-specific enclosures for the programme you apply for.
  • The use of false application documents will lead to the rejection of the application and will be reported to relevant authorities.

Delivering the application documents to Aalto University School of Business

The signed application cover letter with the required documents should be sent to:

Aalto University School of Business
Admission Services / Master's admissions
P.O. Box 21210
FI-00076 AALTO
Finland

If you use courier services, please give the following street address:

Aalto University School of Business
Admission Services / Master's admissions
Runeberginkatu 14-16
FI-00100 Helsinki
Finland
tel. +358 40 353 8114

All application documents need to arrive at the School of Business by 15 January 2016 at 15.00 (3 pm, GMT +2:00). Application documents delivered after the application deadline will not be processed. The applicant is responsible for meeting the application deadline also in case the application documents are delivered by a third party, e.g. postal service. The Aalto University considers that an application is delivered to the School of Business when it physically reaches the School of Business. We strongly advise international applicants to use a courier company or other service where it is possible to track the delivery.

Please note that we cannot reply to enquiries concerning reception of application documents during the application period. Arrived application documents are marked into the application system; you will receive an email notification once your application cover letter with the enclosures have arrived and your application is being processed. The online system should be used for following the arrival and status of your documents. 
 

Frequently asked questions

Here are answers to some of the most frequently asked questions about applying and admissions.

General Questions

How do I start the application procedure?

Familiarize yourself first with the Master's programmes offered at the School of Business and decide which programme interests you the most. You can apply for one programme. Read carefully the instructions on how to apply and the admission requirements as well as the academic evaluation criteria of the programme you are interested in. It is important that you read the programme requirements carefully in order to make sure you meet them. For instance, certain previous studies may be prerequisite for the programme you are interested in.

The application form is available only during the application period. The application period is 1 December 2015 - 15 January 2016.

Before the application period begins you can start preparing the required application documents. All applicants in admission group 2 (except when applying for Yritysjuridiikka) are required to take the Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) test and the official test result has to arrive at Aalto University by 15 January 2016. Also the language test needs to be taken early enough for the results to arrive by the deadline. Please see the selection schedule.

How many programmes can I apply for?

You can apply for one Master's programme at the Aalto University School of Business.

In addition, it is possible to apply for Aalto University programmes in the field of Art and Design and field of Science and Technology, if your background is suitable. The admission requirements and application procedures vary by field of study.

The study options at the Aalto University.

Where can I find information about the Master's programmes?

The Master's programme descriptions and programme-specific academic evaluation and eligibility criteria can be found on the programme webpages.

Course level information concerning the academic year 2015-2016 is available in the online Study Guide, published in the Into portal for Aalto students.

I study at a university in my home country. Can I transfer to Aalto University?

It is not possible to transfer to Aalto University. You should apply and be admitted in the Bachelor's or Master's admissions in order to obtain a study right at the School of Business. Bachelor's studies at the Helsinki Campus are only offered in Finnish. The Mikkeli Campus offers an intensive Bachelor´s degree programme in English in the field of International Business.

Are there any distance learning / online programmes available?

No, we do not have any distance learning or online programmes. All studies require attendance at the university in Finland.

Can I have a scholarship?

Aalto University does not offer any scholarships or any other type of funding for the intake of 2016. All students must take care of their living expenses and other study related costs with their own financial resources. More information about living expenses can be found under the section Studying at Aalto (For future student).

Do I have to pay tuition fee?

Currently, studies are tuition free regardless of nationality. Since no tuition fees are charged, there are no scholarships available either. However after the April 2015 parliamentary elections, the new government has included tuition fees for non-EU/EEA citizens into their governmental programme - what this means exactly, remains yet to be seen. We will of course post any updates on our site if/when they become available. News regarding the situation of tuition fees in Finland can be followed on the Study in Finland website.

How many applied last year?

Information on admission statistics is available at: Statistics. Admission criteria is decided on annually and due to the changes in the admission criteria the statistics on Master's admissions in different years are not comparable. Statistics are also not comparable between the Master's programmes in a specific year because of different evaluation and ranking criteria.

Can I postpone the start of the studies if I'm admitted?

According to the Universities Act (as of 1 April 2015), a first-year student may register as absent during the first academic year only for the following reasons:

  1. service under the Conscription Act, Non-Military Service Act or Act on Women’s Voluntary Military Service;
  2. maternity, paternity or parental leave;
  3. or if the student cannot begin studies due to being incapacitated by personal illness or injury.

Registering as non-attending due to an illness or injury is counted in the maximum period of registering as absent. It is not possible to register as absent during the first academic year for any other reason than those listed above.

The normative duration of the Master’s degree is two years. The student has the right to complete the degree in a time exceeding the normative duration of studies by a maximum of two years. The duration of studies does not include leave due to voluntary military service or conscription or maternity, paternity or parental leave. Students can register as non-attending for the maximum period of two terms (i.e. one year) during the Master's studies (but during the first academic year only for the reasons listed in the Universities Act).

General Eligibility

Do I need to have a Bachelor’s degree to apply?

Applicants should hold a Bachelor's degree equivalent of 180 ECTS credits or more to be eligible to apply. The degree must be of at least three years of full-time studies. An applicable degree may also be a university level BBA program or internationally accredited university level MBA program.

In addition, the university granting the degree must be an official and recognized part of the national education system and it has to be found on an official list or in an international handbook that is completed by some international organization (e.g. UNESCO).

Professional studies (such as ACCA) are not taken into account in the Master's admissions.

I will receive my Bachelor’s degree certificate after the application deadline. Can I apply?

Students in their final year of the Bachelor's degree are eligible to apply, provided that they complete their Bachelor's degree and graduate by 31 July 2016. Admission is conditional for successful applicants who have not received their degree certificate by the application deadline. Conditionally admitted applicants must submit an officially certified copy of their degree certificate and final transcript as soon as they have obtained them, however no later than the deadline given by the university.

When sending your application documents, please enclose all other requested documents except for the degree certificate. Instead, please submit a certificate of your student status (valid study right may show on your transcript of records) or a statement by the higher education institution about your estimated time of graduation. 

Only studies completed by the end of the application period, meaning studies of which the applicant has submitted an official transcript of records by 15 January 2016 at 15.00, can be considered in the admissions.

Can my eligibility be assessed before I apply?

Applications or the eligibility of an applicant are not pre-evaluated before the application period. The general eligibility decisions are made during the administrative check when all the required application documents have arrived at the university by the given deadline. Only eligible applications are forwarded to the degree programmes for academic assessment. The programme-specific eligibility is checked during the academic evaluation. The degree programmes do not evaluate documents or previous studies of applicants in advance.

Please read carefully the general eligibility requirements, academic evaluation criteria and how to apply before applying. 

Can I be exempted from the GMAT / GRE requirement?

Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) test result is obligatory for all applicants in admission group 2. In addition, also applicants in admission group 1 are required to take the GMAT or GRE test when applying for the Master's Programme in Finance. Only applicants for Yritysjuridiikka (only in Finnish) are not required to have GMAT or GRE score. The minimum score is a Total score 550 in GMAT or an equivalent GRE result. GRE results are converted to GMAT results using the ETS (Educational Testing Service) guidelines and comparison tool: ETS GRE/GMAT comparison tool (ets.org).

Applications without GMAT or GRE test result above the minimum criteria by the given deadline will be rejected.

My GMAT / GRE test score is below the minimum criteria, can I apply?

The minimum criterion is a Total score 550 in GMAT or an equivalent GRE result. The requirements are strict and applications with results below the minimum criteria will be rejected.

The language of instruction is English in my university. Do I need to take a language test?

According to the language requirements, all applicants are requested to submit a valid, official language test report. There are only few exceptions to this rule:

You do not need a language certificate if

  • you have a higher education degree instructed in Finnish, Swedish or English at a university or a university of applied sciences in Finland.
  • you have a higher education degree instructed in English at a university in an EU/EEA country. The official language of the degree programme has to be stated in the degree certificate or its supplement, in the transcript of records or in an official document issued by the higher education institution in question. All studies must be in English.
  • you have a higher education degree instructed in English at a higher education institution that is physically located in one of the following countries: USA, Canada, UK, Ireland, Australia or New Zealand.

Only the above-mentioned groups are exempted from the language test requirement, for all other applicants the official language test result is an obligatory application document and applications without the test result will not be processed. There are no exceptions to the above-mentioned requirements. See the accepted language tests and their minimum scores at Language requirements.

My language test score is below the minimum requirement. Can I still apply?

The minimum requirements are very strict. If you fail to meet them you are not eligible to apply and your application cannot be processed.

There are no language tests available before the application deadline. Can I be conditionally admitted and send the language test score later? 

The language test score must arrive at the university by the given deadline without any exceptions. Incomplete applications will be rejected during the administrative check. Applicants are responsible for booking the test date and taking the language test in time for the official result to arrive at the university by the deadline (15 January 2016).

I do not meet all the admission requirements but have relevant work experience, can I be accepted?

No. All applicants need to fulfill the admission requirements.

Application documents

What is a certified / officially attested document?

A certified copy is a document that carries a stamp or a seal of an authority that has the power to confirm that the document copies correspond to the originals. The authority responsible for certification varies from country to country, but in Finland it is the Notary Public in a local register office. University documents are regarded official if they have been certified by the university in question.

If the degree is awarded by a higher education institution in Finland, the copies of study certificates must be certified either by the issuing institution or by two unbiased signatories. An unbiased person is at least 15 years old, not one's immediate family, current/former spouse, fiancé/e or adoptive parent/child. The copies must be made of the original, official documents. Copies of copies will not be accepted. If the certificate has several pages, each page must be certified from the right side of the page. Each page of the copy must carry the signature, name of the signatory/signatories and date. The signatories must see the original document and the copy of it side by side. By signing they certify that the copy is an unaltered copy of the original document.

If the degree is awarded by a higher education institution outside Finland, the copies of study certificates must be certified by the issuing institution or by a notary public. The copies must be made of the original, official documents. Copies of copies will not be accepted. If the certificate has several pages, each page must be certified from the right side of the page. Each page must be certified separately and indicate clearly the date and the original signature, printed name and stamp of the certifying officer. The mere mention of the official copy (e.g. stamp "True copy") is not enough. Please see also the country-specific documentation requirements for degrees awarded in Australia, Bangladesh, Cameroon, Canada, China, Eritrea, Ethiopia, Ghana, India, Indonesia, Iran, Ireland, Kenya, Malaysia, Nepal, New Zealand, Nigeria, Pakistan, South Africa, Sudan, United Kingdom or USA.

Aalto University School of Business does not take copies of application documents or attest them.

What is GMAT or GRE?

Graduate Management Admission Test (GMAT) and Graduate Record Examinations (GRE) are standardized admission tests, which measure the applicants’ general verbal, mathematical and analytical skills. Both tests can be taken at various test centers all over the world. These tests are internationally used by Business Schools and Graduate Schools as one criterion in student selection to master's and doctoral programmes.

All applicants in admssion group 2 (except applicants for Yritysjuridiikka, which is offered only in Finnish) are required to take either the GMAT or the GRE test. The minimum test score is a total score 550 in GMAT or an equivalent GRE result. GRE scores are converted to GMAT scores using the ETS (Educational Testing Service) guidelines and comparison tool (ets.org). Different combinations of GRE Verbal and Quantitative Reasoning Scores may produce the same GMAT result. Only the predicted GMAT total score is considered (the score range is not taken into account).

Graduate Management Admission Test (GMAT)

GMAT is a standardized, computer-based test that is organized in over four hundred GMAT test centers around the world. The test is in Standard American English and measures basic verbal, mathematical and analytical writing skills. It has been developed specifically to meet the needs of student admissions in business schools. The current fee to take the test is approximately
250 USD. The fee is paid to the test organization in connection with the registration. Before taking the test, you should familiarize yourself with the test structure and its contents and practice for the test, especially if you do not have previous experience from a similar test. Test-preparation software for the GMAT can be downloaded for free at www.mba.com. There are also GMAT prep books and study guides available to help you prepare for the test.

The test consists of the following sections:
• Analytical Writing Assessment (1 topic), 30 minutes
• Integrated Reasoning (12 questions), 30 minutes
• Quantitative (37 multiple-choice questions), 75 minutes
• Verbal (41 multiple-choice questions), 75 minutes

Only the Total Score is considered for the general eligibility requirement in the admissions. Total Score consists of Quantitative Section and Verbal Section, thus Analytical Writing Assessment and Integrated Reasoning do not count for the Total score. The GMAT Program Code to be used in the School of Business Master’s admission is C1N-9F-85 (MSc Degree Programs).

Graduate Record Examinations (GRE)

The GRE General Test or the GRE revised General Test are taken into account in admissions. GRE Subject Test is not used. The GRE revised General Test has the following sections:

• Verbal Reasoning: measures ability to analyze and draw conclusions from discourse; reason from incomplete data; identify author's assumptions and/or perspective; understand multiple levels of meaning, such as literal, figurative and author's intent, select important points; distinguish major from minor or relevant points; summarize text; understand the structure of a text, understand the meanings of words, sentences and entire texts; understand relationships among words and among concepts.
• Quantitative Reasoning: measures ability to understand quantitative information, interpret and analyze quantitative information, solve problems using mathematical models, apply basic mathematical skills and elementary mathematical concepts of arithmetic, algebra, geometry and data interpretation, includes real-life scenarios.
• Analytical Writing: measures ability to articulate complex ideas clearly and effectively, support ideas with relevant reasons and examples, examine claims and accompanying evidence, sustain a well-focused, coherent discussion, control the elements of standard written English.

Only the Verbal Reasoning Score and Quantitative Reasoning Score of the GRE test are taken into account in Master's admissions of the School of Business. GRE results are converted to GMAT results with the ETS GRE/GMAT comparison tool (ets.org). Information on the test structure, contents and test preparation materials are available on the test organizer website at www.ets.org. The test fee is currently 195 USD.

The official GRE test report must arrive directly from the test organization. The reporting code of the Aalto University is 7364.

Important:

  • The test procedure may take several months including booking the test date, practising for the test, taking the test and reporting the official results. Be sure to book your test date and take the test early enough! The official results have to arrive directly from the test organizer by 15 January 2016. Check with the test organizer how long it takes to deliver the official results.
  • GMAT and GRE results are valid for five years; the earliest possible test date accepted in admissions is 1 December 2010.
  • Aalto University does not organize GMAT or GRE tests and all questions concerning the tests should be addressed to the test organizers.

Where can I take the GMAT or GRE test?

There are over 400 GMAT test centers around the world. In Finland, the test is administered by LAN Group Finland Oy (LGF), Valkjärventie 7 E (2nd floor), 02130 Espoo (Pohjois-Tapiola). Lan Group Finland only administers the test, audits the test takers, and monitors the test situation. More information about the test can be found on the test organizer website. Also registration for the test and payment of the test fee takes place on the website. When registering you should make sure that your name is written exactly the same as on your passport or ID card. The current fee to take the test is approximately 250 USD. The fee is paid when registering to the test.

The GRE revised General Test is available at about 700 test centers in more than 160 countries. More information about GRE is available on the test organizer website at www.ets.org/gre. You can register for the test on the registration website. In Finland, the GRE test center is: Nuevo Mundo, Arabiankatu 12 (2nd floor), 00560 Helsinki. The test fee is approximately 195 USD.

When do I need to take the GMAT or GRE test?

The official GMAT or GRE test score report must arrive at Aalto University directly from the test organizer by 15 January 2016. It is the applicant’s responsibility to take the test early enough and to make sure that the test organizer provides the test result in time and with the correct reporting code. The test procedure may take several months including booking the test date, taking the test and reporting the official scores. It is important to start the process well in advance as there may not be test dates available or they can be fully booked closer to the application period. There are no exceptions to the deadlines and only the official test results sent by the test organizer are accepted.

Aalto University does not organize GMAT or GRE test. In questions concerning the tests, test locations, test dates or reporting time of the results, please contact the test organizers.

What are course descriptions, which courses are they required of and where can I get them?

Course descriptions describe the content, learning outcomes and literature of the course. In addition they include information about the teaching and assessment method, workload and level of the course. Course descriptions are often available in the university study guide or online course portal and they can be easily printed. The applicant should contact his/her university to obtain course descriptions if they are not available online. If the descriptions are in some other language than English, Finnish or Swedish, translation of the descriptions is required. Course descriptions or their translations do not need to be official or stamped by the university registrar. In case the applicant is unable to obtain course descriptions or provides them only of some courses or if there is ambiguity about the content or level of the courses, the Aalto University School of Business is forced to interpret the information in an unfavorable way as regards to the applicant. The admission decision is based on the documents submitted during the application period.

Course descriptions should be submitted of the relevant courses for academic evaluation, if the Master's programme you apply for has requirements for previous studies in its academic evaluation criteria.

Large courses (over 5 ECTS credits) that contain more than one subject need to be itemized, i.e. explained how the credits are composed of. For example, "Business course X, 10 ECTS" could be itemized as follows: Marketing 2 ECTS, Logistics 2 ECTS, Accounting 3 ECTS and Management 3 ECTS.

My university does not use ECTS credit system. How do I convert my studies into ECTS credits?

European Credit Transfer and Accumulation System (ECTS) is based on the principle that 60 credits measure the workload of a full-time student during one academic year. A 3-year Bachelor’s programme has therefore usually 180 ECTS credits and a 2-year Master’s programme usually 120 ECTS credits.

Student workload in ECTS consists of the time required to complete all planned learning activities such as attending lectures, seminars, independent and private study, preparation of projects, examinations, and so forth. In Finland the standard is 1600 hours per academic year, and 1 ECTS equals 26,66 hours of work.

Normally 60 ECTS credits are taken within one academic year. Here are some examples of converting the international degree into ECTS credits:

  • In a Chinese 4-year Bachelor’s degree (~160 credits) 1 credit normally equals to 1.5 ECTS credits (the degree totals to about 240 ECTS credits)
  • In a UK 3-year BA degree (~360 credits) 1 credit normally equals to 0.5 ECTS credits (the degree totals to 180 ECTS credits)
  • In a US 4-year Bachelor’s degree (~120 credit hours) 1 credit may often equal up to 2 ECTS credits (the degree totals to about 240 ECTS credits)
  • In a Russian degree the work load of the degree is often measured in hours. In Finland one ECTS credit equals 26,66 hours. Therefore 26,66 could be used as a divider to work out how many ECTS credits a Russian degree corresponds to.

You may read further information about the ECTS on the European Commission website about the ECTS System or by downloading the ECTS User's Guide.

My studies are not registered in ECTS grades, where do I get the required explanation of the grading of the courses?

The School of Business uses 5-point grading scale (ECTS grades) in the Master’s admissions. If the applicant’s university does not use a 5 scale ECTS grading, the grades need to be transferred into a 5 scale system. In case you are able to get a conversion scale for ECTS from your university, you can attach that to the application. If it is not possible, you need to provide an explanation of the grading system used in your university.

Notice, that only the passing grades are mentioned in the 5 scale system. A failing grade is not part of the grading, so if the grading is 4 scale and includes 1 failing grade, it is not yet a 5 scale system.

The Table below is an example of how some Finnish grades would compare to the ECTS system.

ECTS Letter Grade ECTS
Verbal Grade
Finnish Grade (grading 1-5) HSE Grade
(40-100)
prior to 2010*
Grade of Finnish
Universities prior to 8/2005 (grading 1-3)
A Excellent 5 86-100 3-, 3, 3+, ECLA, SCLA, L, ET, Excellent
B Very Good 4 70-85 2+, 2.5, MCLA, Very good
C Good 3 60-69 2-, 2, NSLA, CL, HT, Good
D Satisfactory 2 50-59 1, 1+, 1.5, A, LUB, TT, (Very) Satisfactory
E Sufficient 1 40-49 1-
FX/F Fail Fail Fail Fail

*Aalto University School of Business (former HSE) used another grading system than 1-5 prior to 2010.

You may read further information about the ECTS on the European Commission website about the ECTS System or by downloading the ECTS User's Guide.

Application and admission process

When is the application period?

The application period for Master's programmes is once a year. The 2016 application round is 1 December 2015 - 15 January 2016 for studies starting in autumn 2016.

Application form is available only during the application period. See the selection schedule for further information on deadlines.

Can I send my application before the application period?

It is not possible to send an application before the application period begins. The online application system opens when the application period starts and the application form has to be filled in online before the cover letter can be printed out and sent to the university with the required enclosures. Admissions are organized once a year and applications are accepted only during the application period. The official language test results and GMAT or GRE test results can, however, be ordered from the test organizer already before the application period. The test results are saved into the Aalto University application system database.

Furthermore, it is not possible to send application documents for the purpose of pre-evaluating the application or the eligibility to apply. The general eligibility decisions are made during the administrative check when all the required application documents have arrived at the university by the given deadline. The degree programmes do not evaluate documents or previous studies of applicants in advance.

I missed the application deadline. Can my application still be considered?

The university will only consider complete applications submitted by the deadline. A complete application is one that includes the submitted online application, the printed cover letter and all the requisite application enclosures. The deadlines are very strict. If you fail to deliver the required documents by the given deadline, your application will be incomplete and will be rejected. Late applications are not accepted.

What is administrative check?

The Admission Services process all the applications and check their general eligibility, i.e. check the authenticity of the documents, and that all the requisite documents have arrived as required and that the application fulfills the general eligibility requirements. Only eligible applications are forwarded to the degree programmes for academic assessment. Incomplete or ineligible applications will be rejected at this stage.

Applicants can follow the status of their application and see the arrival of their documents in the online application system.

What is academic evaluation?

The final admission decision is made by the degree programme based on the academic evaluation criteria. The programme-specific admission criteria are available on the programme pages. The academic evaluation criteria may contain for example: GMAT/GRE test score, suitability of previous studies, GPA, motivation, work experience etc. There can be also programme-specific eligibility requirements like in Accounting "30 ECTS credits of studies in Accounting and/or closely related subjects” or in Management and International Business “GPA under 3.00 is not eligible for admission”. Read carefully both the general eligibility requirements and the academic evaluation criteria of the programme you are applying for!

Admission is granted on a competitive basis - the applicants are assessed according to the academic evaluation criteria and compared with each other. Only the best applicants will gain admission. The number of seats is restricted. This means that some applicants might not be admitted even if they are eligible for the programme. The programmes are not obligated to fill up all the available study places.

The status of the applications cannot be commented during the academic evaluation.

Online application system

Do I have to use the online application system?

Yes, the application has to be filled in and submitted online before the provided cover letter can be printed out and sent to the university along with all the required documents. Applications not found in the online application system cannot be considered.

The online system is used during the whole application process. You can follow the status of your application and the arrival of your documents on the Monitoring page of the application system. The final results will also be available in the system.

What if I forget my password to the online application system?

Go to the online application system. Choose “External users”. Click “Did you forget your password?”. You will be directed to a page where you are asked for the email address you have used to sign in into the system. The system will automatically send your password to the email address.

Please note that you must use the original email address that you used for signing into the online application system. Even if you change your email address in your contact information, your username will remain the same (i.e. the email address you entered when registering).

How can I make changes to a submitted application? Should I fill out another form?

If you submit an online application form and then notice you have made a mistake, do not make a new one. Instead, send an email to admissions [at] aalto [dot] fi and request for your form to be returned to you. Mark the name of the Master's programme you are applying for and the application ID number to the topic of the email. Once the form is returned, you will be able to log into your account and make alterations. Note that you will need to send the form again after you are done modifying the information.

Do not send several online application forms. Sending more than one online application form considerably slows down the processing of applications. If you are unsure which programme you would like to apply for, save your unfinished application form but do not submit it yet. If you save your work, you can return later to continue filling the form. Do not submit your online application form until you are absolutely sure it is finished.

Page content by: | Last updated: 03.09.2015.