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Aalto Doctoral Programme in Business, Economics and Finance

Aalto Doctoral Programme in Business, Economics and Finance is a four-year, English-language doctoral programme with three specialization areas: Business, Economics and Finance.
Four students studying together. Three of them have their computer and one is having papers in front of them.


Doctor of Science (Economics and Business Administration)

Application period:

1.12.2021 – 14.1.2022

Language of instruction:



4 years, full-time


Relevant master’s degree awarded by a Finnish university or a Finnish university of applied sciences, or a corresponding degree completed abroad

Field of study:

Business and Economics


Organising school:

School of Business

The application period has closed

Aalto University’s strategic objectives is to educate game changers — professionals with the knowledge and capabilities to build a sustainable society and to increase well-being through disruptive change. These capabilities need to be rooted in disciplinary excellence augmented by art, creativity, multidisciplinary collaboration and entrepreneurship.

The programme provides doctoral students with comprehensive research training in a unique multidisciplinary environment, characterized by a longstanding commitment to research excellence and courageous, low-hierarchy culture with empowered students. The programme is designed for highly-motivated and ambitious aspiring business, economics and finance scholars who have excellent analytical, critical thinking, communication, and interpersonal skills and who are willing to serve as the future leaders in the world of higher education and academic research.

The programme is offered by the School of Business, which is an inclusive, multicultural academic community with excellent students, faculty, and staff. Our faculty features internationally highly-regarded scholars, many of whom are world-leading experts in their field. All doctoral students are assigned at least two dedicated dissertation advisors, who guide their research and mentor their development as scholars and higher education professionals throughout the programme.

The programme offers doctoral training in 12 disciplines: Accounting, Business Law, Economics, Entrepreneurship, Finance, Information Systems Science, International Business, Logistics, Management Science, MarketingOrganization and Management, and Organizational Communication. The degree offered is Doctor of Science in Economics and Business Administration.


The purpose of the Aalto Doctoral Programme in Business, Economics and Finance is to equip its graduates for successful international careers in the world of higher education and academic research.

The programme is designed to provide doctoral students with the knowledge, skills, and capabilities to succeed in demanding, high-level positions in universities, research institutions, think tanks, and other research organizations at regional, national, and supra-national (e.g. the EU, OECD, World Bank) levels. The graduates of the doctoral programme will demonstrate:

  1. competence to carry out independent and original academic research
  2. deep and broad discipline-specific knowledge of their field of research
  3. mastery of the scientific research methods in their respective fields of research
  4. deep understanding of research ethics
  5. good project management skills
  6. enhanced pedagogical and academic leadership skills, and
  7. strong communication and interpersonal skills.

Admissions timeline

The application period for studies beginning in the autumn of 2022 runs from 1 December 2021 to 14 January 2022 (12:01, GMT +2).

1 December 2021 at 08:00 (GMAT +2) Application period starts and online application form opens
14 January 2022 at 12:01 (GMAT +2) Application period ends and online application form closes
September 2022 Studies begin with the orientation week


Structure of the degree

The School of Business Doctoral Degree is 240 ECTS and consists of the following study modules:

Doctoral degree 
Common core studies 12 ECTS
Specialization Area studies 48 ECTS
  • Common studies in specialization area
  • Disciplinary studies
Doctoral thesis 


The Common core studies are offered in three different areas: research capabilities, methodologies and methods, and economic and business administration theories. The content and scope of each study module varies depending on the specialization area and discipline (see the study guide).

Each doctoral student is assigned at least two dedicated dissertation advisors, who are responsible for guiding and mentoring the student throughout the doctoral dissertation process.

The teaching methods and pedagogical solutions used in the programme are many but are generally based on the philosophy and methods of learner-centered instruction. Learner-centered instruction emphasizes the importance of actively engaging students in the learning process, by encouraging and enabling them to take personal responsibility for setting learning goals, developing and choosing their own strategies for learning, as well as evaluating their own progress and learning outcomes.

How to apply?

New doctoral candidates are admitted once a year. The application time begins in December 1, 2021. The application, together with appendices, must be submitted by January 14, 2022 by 12:01 o’clock (Finnish time, GMT +2) at the latest. Late submission will not be evaluated and only complete applications will be processed.

The GMAT or GRE test and language tests must be taken before the application deadline.

Frequently asked questions

Contact us

If there you have any questions about admissions and application instructions or programme-specific inquiries, you can contact [email protected]

You may want to talk to the faculty in your preferred major before submitting an application. Please find below a list of the professors who are in charge of doctoral studies in their respective majors and whom you can contact (please look up email addresses in

Accounting Associate Professor Lasse Niemi
Business Law Assistant Professor Moritz Scherleitner
Economics Associate Professor Pauli Murto
Entrepreneurship Associate Professor Ewald Kibler
Finance Director Mikko Leppämäki
Information Systems Science

Professor Matti Rossi
Professor Virpi Tuunainen

International Business Professor Carl Fey
Logistics Professor Markku Kuula
Management Science Associate Professor Pekka Malo
Marketing Assistant Professor Henri Weijo
Organization and Management Assistant Professor Samuli Patala
Organizational Communication Professor Johanna Moisander

Departments and centres of the School of Business

Department of Accounting & Business Law

The Department of Accounting is one of the leading research faculties in the Nordic region.

BIZ Main Building by Mika Huisman

Department of Finance

The Department of Finance is the leading finance department in Finland with a strong dedication to research.

Architectural picture of the inside of the School of Business. Many people sitting on different coloured chairs.

Department of Management Studies

The Department of Management Studies offers a dynamic environment for scholarship and learning.

Stack of management books.

Department of Economics

The Department of Economics provides a comprehensive insight into the functioning of economies and the environment in which companies operate.

Outside picture of the School of Business building in Otaniemi. Three Aalto Flags swinging in front of the building.

Department of Information and Service Management

The Department of Information and Service Management refers to the creative use of information and digital technology in business and the move from industrial to service dominant forms of production.

Two business students, one is holding a laptop, discussing with the Professor after his lecture. Another group of students talk in the background.

Department of Marketing

The Department of Marketing is a thriving and dynamic community of faculty, researchers, staff, and students. The department has earned international acclaim for its ambitious and rigorous research output. We are at the bleeding edge of marketing.

marketing major

Center for Markets in Transition CEMAT

CEMAT conducts academic research focusing on Russia and channels research-based knowledge to the use of the business community and other societal stakeholders In Finland. CEMAT supports EU-level decision-making as the lead coordinator of the Northern Dimension Institute (NDI), the mission of which is to serve the knowledge needs of the Northern Dimension policy.

CEMAT St Petersburg

Center for Knowledge and Innovation Research CKIR

CKIR’s main research focus is on innovation ecosystems, ICT enabled service platforms and thus enabled new business dynamics.

Close-up of two students making notes to research articles that they are reading.

The application period has closed

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