Aalto University School of Business
|Aalto University School of Business|
|Dean||Professor Ingmar Björkman|
|Academic staff||over 120|
|Campus||Urban, Inner City|
|Affiliations||AACSB, AMBA, EQUIS, CEMS|
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 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), sometimes Helsinki School of Economics and Business Administration (HSEBA) until 2009, and for 2010-2012 as Aalto University School of Economics.
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), a consortium of 54 leading business schools worldwide.
In 2009, Financial Times ranked the CEMS program the No. 1 Masters in Management program in the world. The Aalto University School of Business is an active member of this joint program. Furthermore, the 2009 Eduniversal Global Business School Rankings ranked the Helsinki School of Economics the 9th best business school in the world. Financial Times ranked Aalto University School of Business 21st in European Business school rankings in 2012.
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.
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 of Science Programmes
From 2013, the School offers the following Bachelor's Degree Programmes (3-year program, 180 ECTS):
- Economics & Business Management (in Helsinki, in Finnish)
- International Business (in Mikkeli, in English).
Master's of Science Programmes
From 2013, The School offers the following Master’s Degree Programmes (2-year program, 120 ECTS):
- Business Law
- Corporate Communication
- Creative Sustainability
- Information and Service Management
- International Design Business Management
- Management and International Business
Students of MSc programs are also eligible to double degree programs such as CEMS MIM.
MBA and Executive MBA programs are offered in Helsinki, China, Singapore, South Korea, Taiwan and Poland and have tuition fees, unlike the 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.
Each year, around 400 students, from a pool of about 4500 applicants, are admitted into the BSc/MSc degree Program. 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.
The Aalto University School of Business has exchange partnerships with over 100 universities in five different continents. Each year, over 200 students go abroad on their exchange and the school welcomes over 200 incoming exchange students. Partner schools include, among others, Manchester Business School in the UK, Queen's University in Canada, National Chengchi University College of Commerce in Taiwan, Yonsei University in South Korea, Peking University in China, Sophia University in Japan, San Diego State University, the University of Texas in the US and ESCP Europe in France. In the CEMS network, partner schools include HEC Paris, ESADE in Spain, the London School of Economics and Universität St. Gallen.
CEMS Master's in International Management
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. In 2009, CEMS MIM was ranked 1st in the world by the Financial Times among Masters in Management programmes.
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.
- "Aalto University School of Economics is renamed the Aalto University School of Business as of 1 August 2012". Aalto University School of Business. 4 July 2012. Retrieved 2 August 2012.
- "HSE ranked 9th in the world by Eduniversal ranking". Aalto University School of Economics. 2009-11-12. Retrieved 2010-09-08.
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