Hanken School of Economics is offering two exclusive scholarships to students from developing countries for its two-year Master’s Degree program in Economics and Business Administration for the 2025–2026 academic year in Finland.
The Hanken Premium Scholarship is available to outstanding candidates from GBSN member schools in developing nations. This prestigious scholarship covers the full tuition fee of €15,000 per year for two years and provides an additional €8,000 annually to support living expenses.
Designed for individuals seeking to excel academically and professionally, this program equips students with the skills and knowledge needed for leadership, management, and entrepreneurial success. The scholarship also facilitates opportunities to build global networks and enhance career prospects, preparing graduates for impactful roles in the international economy.
Benefits of Hanken School of Economics Masters Scholarship
The Hanken School of Economics will extend up to two premium scholarships to its 2-year Master’s Program to students applying from GBSN Member Schools located in developing countries. The premium scholarship includes:
- Full tuition fee for two years (equivalent to 15000 EUR/year)
- 8,000 EUR per year for living expenses
Requirements for Hanken School of Economics Masters Scholarship
Main admission requirements
- Bachelor’s or Master’s degree
- English language requirement
- At least 25–30 ECTS in subjects relevant for the particular programme
- GMAT or GRE aptitude test/GPA requirement
- CV in English
The Hanken Master’s Program in a nutshell:
- The MSc in Economics and Business Administration is a two-year leadership and business program
- Master’s programs are taught entirely in English. In addition, you can choose your major of interest. We strongly encourage you to go abroad on an exchange.
Graduate-level students currently studying at or alumni of GBSN member schools in developing countries are invited to apply for the Premium Scholarship at the Hanken School of Economics.
Candidates from GBSN member schools in the following countries are eligible to apply:
- Afghanistan
- Brazil
- Cambodia
- China
- Colombia
- Egypt
- Ghana
- India
- Kenya
- Kyrgyzstan
- Lebanon
- Mexico
- Morocco
- Nigeria
- Peru
- Philippines
- Pakistan
- Senegal
- South Africa
- Tunisia
- Turkey
To be considered as a GBSN Scholar for the Premium Scholarship, candidates must be a student or alumni of a GBSN member school by January 8, 2025.
Selection Process
Selection:
- All applicants who fulfill the general eligibility requirements are forwarded to academic assessment.
- The assessment is completed by the coordinator for the Master programme in questions based on the following criteria:
- Academic success and academic skillsbased on the scope, content and success in previous studies which are relevant for the the intended programme. The CV is considered in the assessment.
- The academic assessment is completed by the programme using a scale of 1.00–5.00 points (NOTE! not the same as GPA, but the average assessment score for the different listed sections).
- All applicants who fulfill the minimum requirement of 25–30 ECTS in subjects relevant to the intended programme (including possible subject-specific requirements) and who have a total evaluation score of at least 3.00 are ranked for admission for the set admission quota based on the total evaluation score.
- In the event of tied total points, the sub-scores in the assessment are considered to determine the applicants’ order as follows: 1) success 2) content, and 3) scope in the previous which are relevant for the indended programme. If applicants still have the same points, they are ranked according to the rules for tied scores.
- The academic eligibility and the ranking of the eligible applicants is based on the attachment uploaded in the application by the attachment deadline.
- Only the attachements listed in the admissions requirements are taken into consideration in the assessment.
Application Documents
- Completed application for admission to the Hanken Master’s Degree Program.
- Academic transcripts from previous studies.
- Proof of enrollment or alumni status at a GBSN member school.
- Valid identification document (e.g., passport or national ID).
- Any additional documents specified in the program’s admission guidelines.
Application Deadline
January 22, 2025
How to Apply
Interested and qualified? Go to Hanken School of Economics on opintopolku.fi to apply
- Please read the instructions carefully and take into consideration the specialization/track-specific requirements!
- The Hanken Premium Scholarships are awarded based on the applicant’s academic excellence.
- Applying for the scholarships is integrated with the application for Master’s Degree studies. Please visit the application portal in order to apply the Master’s Degree program.
For more details, visit Hanken School of Economics webpage
