Aalto University School of Business Admissions to Master’s Degree
Admission 2014 Guide
Admission Guide 2014
Admissions to Master’s degree Master of Science in Economics and Business Applicants with an appropriate Finnish Administration or non-Finnish university or university of applied sciences degree may apply directly to a Master’s degree programme to take the degree of Master of Science in Economics and Business Administration at the Aalto University School of Business. 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 This admission guide covers only admissions studying. The student may also be assigned to Master’s degree and gives you information supplementary studies (max. 60 ECTS credabout the Master’s admission requirements, its). Studying towards the Master’s degree does not suit students working full time. the application and selection process and some general information regarding studying Depending on the course, the lectures may be during the daytime or sometimes also in the and living in Finland. The Aalto University evening. reserves the right to make changes to the names, contents and details of the degree programmes to further develop education. Admission criteria for admission round 2014 have been decided and cannot be changed.
Application period begins 16 Dec 2013 and ends 31 Jan 2014 at 4:15 pm (GMT +2:00). Application form is available online only during the application period at:
https://apply.aalto.fi
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Contents
1 Aalto University School of Business 2 Master’s Programmes and Quotas 2014 3 Admission Process and Eligibility Requirements
3.1 Bachelor’s Degree 3.2 Required Economic Sciences Background 3.3 GMAT or GRE Test 3.3.1 GMAT 3.3.2 GRE 3.4 Requirements for Language Skills
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6 Selection of Students and Admission Results
6.1 Selection Schedule 6.2 Results of Admission 6.3 Right of Appeal 6.4 Accepting the Offer of Admission 6.5 Statistics
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7 Studying at the School of Business
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4 Criteria for Academic Assessment
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4.1 Accounting 4.2 Business Law 4.3 Corporate Communication 4.4 Creative Sustainability 4.5 Economics 4.6 Entrepreneurship 4.7 Finance 4.8 Information and Service Management 4.9 International Design Business Management 4.10 Management and International Business 4.11 Marketing 4.12 Strategy
7.1 Duration of Study Right 7.2 Objectives and Contents of the Master’s Degree 7.3 Supplementary Studies 7.4 Academic Year and Teaching Methods 7.5 Exchange Studies, CEMS and Double Degrees 7.6 Changing the Master’s Programme 7.7 Academic Recognition of Previous Studies 7.8 Cost of Study
8 General Information
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8.1 Residence Permit 8.2 Accommodation 8.3 Insurance and Student Health Services 8.4 Student Union AYY 8.5 Further Information and Useful Links
5 How to Apply
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5.1 Online Application System 5.2 Required Application Documents 5.2.1 Programme-specific Enclosures 5.2.2 Translations 5.2.3 Attesting the Copies 5.2.4 Country-specific Requirements 5.3 Information on ECTS Credits and Grades 5.4 Delivering the Application Documents
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1 Aalto University School of Business
The Aalto University provides world class education in the fields of art, business and technology. The university was founded in 2010 when three prestigious universities, Helsinki School of Economics, the Helsinki University of Technology and University of Art and Design Helsinki merged. The merger opened up a world of possibilities for multidisciplinary education and research. The Aalto University School of Business is the new name of the Helsinki School of Economics (HSE) which was founded in 1911. The Aalto University School of Business engages in economics and business research and education. It is the largest institution of its kind in Finland with over 4,000 students. The Aalto University School of Business belongs to the top 1% of schools of business that have been granted the most important international quality accreditations in its field: AACSB, AMBA and EQUIS. In 1998 the Aalto University School of Business became an academic member of the Community of European Management Schools (CEMS), thus enabling some of the Master’s students to obtain a CEMS MIM (Master’s in International Management Program) degree besides the Aalto University School of Business home degree. The school is also a member of PIM (Partnership in International Management). The Aalto University School of Business has two campuses: one in the city of Helsinki and the other in the city of Mikkeli. In Mikkeli, the Aalto University School of Business offers a degree of Bachelor of Science in Economics and Business Administration (BScBA, a lower academic degree) with a major in International Business. In Helsinki, the Aalto University School of Business offers a degree of Bachelor of Science in Economics and Business Administration (BSc, a lower academic degree) and a degree of Master of Science in Economics and Business Administration (MSc, a higher academic degree) as well as academic postgraduate degrees, i.e. licentiate and doctoral degrees. The applicant may apply in both admissions to Bachelor’s and Master’s degrees and to Helsinki and Mikkeli campus. The applicant may also be admitted in several admissions, but can accept only one study right. When the student has a study right at the School of Business Helsinki campus, s/he cannot, without a separate decision, study at the School of Business Mikkeli campus or vice versa. The Aalto University School of Business is genuinely international. You can apply to any of the Master’s programmes offered at the School of Business and if admitted, then apply for exchange studies, CEMS and double degrees as a student. The School of Business students may study one semester at a business school abroad and credits for the completed courses are transferred to the degree. In addition, the School of Business has agreements on double degrees with the University of Cologne and Université Catholique de Louvain, Louvain School of Management. The International Design Business Management degree programme has a double degree agreement with the Tongji University in Shanghai. More information is available in the Admission Guide section 7.5. Exchange Studies, CEMS and Double Degrees.
2 Master’s Programmes and Quotas 2014
In the Master’s admissions, applicants apply directly to a Master’s degree programme. It is possible to apply to only one Master’s programme. The selected degree programme is marked on the application form. The decision is binding and it cannot be changed after the admission deadline. In the 2014 admissions, a maximum of 247 students can be admitted**. The quotas i.e. the maximum numbers of new students that can be admitted to the respective programme are stated below. Master’s degree programmes offered in 2014 (quotas in parentheses): Accounting (15) Business Law (10) Corporate Communication (30) Creative Sustainability (16) * Economics (20) Entrepreneurship (20) Finance (9) Information and Service Management (40) International Design Business Management (12) * Management and International Business (40) Marketing (20) Strategy (15) * Quota in total 247**
* This quota includes also the internal applicants from the Aalto University School of Business. **This is the suggested quota for 2014. The President of Aalto University will confirm the quota later on.
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3 Admission Process and Eligibility Requirements
The Master’s admission process consists of two phases: 1) General eligibility check, where it is checked that the application fulfills the general eligibility criteria for applying. Incomplete or ineligible applications are rejected. 2) Academic evaluation. Only the applications that meet the general eligibility criteria are forwarded to the degree programmes for academic evaluation. In academic evaluation the applications are ranked and the final admission decision is made by the degree programme according to the predefined academic evaluation criteria. These requirements are explained in detail below. Applicants who fulfill 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. In addition, admitted students may be required to take supplementary studies (please see the section 7.3 Supplementary Studies).
3 Admission Process and Eligibility Requirements
university level MBA-programme. In addition to the degree granting eligibility to apply also other studies taken at a Finnish or non-Finnish university/university of applied sciences may, by the decision of the School of Business, be taken into consideration. For the studies completed at the Aalto University School of Business Open University, only basic and subject studies (A and C level courses) can be considered as a rule. Only studies completed by the application deadline, 31 January 2014 at 4.15 p.m., can be considered in the admissions (completed meaning that the applicant has submitted an official transcript of the courses and grades). Students in their final year of the Bachelor’s degree are eligible to apply, provided that they complete their Bachelor’s degree by 31 July 2014. 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 (and their translations in English if the documents are issued in any other language than Finnish, Swedish or English) as soon as they have obtained them, however no later than 8 August 2014 at 4.15 p.m. (GMT +2). The applicant loses his/her study place if the aforementioned documents are not provided by the deadline. Please note that if you expect to graduate after 31 July 2014 and cannot submit your degree certificate by 8 August 2014 you are not eligible to apply in the admission round 2014. There will be no exceptions to the deadlines.
Note! 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 for admission. Also 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. However, Aalto University’s cross-disciplinary degree programmes Creative Sustainability, International Design Business Management and Strategy make an exception for the rule. If admitted to one of the three degree programmes, the acceptance of the place will be considered as changing the study programme if the applicant has already chosen her/his Master’s degree programme at the School of Business.
3.1 Bachelor’s Degree
Applicants with an appropriate Finnish or non-Finnish university or university of applied sciences degree may apply directly to a Master’s degree programme to take the degree of Master of Science in Economics and Business Administration at the Aalto The admission criteria are different for the general eligibility check and for the academic University School of Business. evaluation. The general eligibility The applicant must hold an appropriate requirements (chapter 3) are the same for all applicants, but each Master’s programme Finnish lower university degree or university of applied sciences degree or a Bachelor’s has its own academic evaluation criteria degree from a foreign university. The degree (chapter 4). Applications need to fulfill must be equivalent of 180 ECTS credits both the general eligibility criteria and the or more, i.e. the degree must be of at least programme-specific criteria of the Master’s three years of full-time studies. The programme applied for. foreign university must be an official and recognized part of the national education General Eligibility system and the university has to be found Requirements on an official list or in an international handbook that is completed by some In short, the general eligibility requirements international organization (e.g. UNESCO). for admission are: The School of Business reserves the right • Bachelor’s degree to determine whether a degree or the • sufficient academic background university granting the degree fulfill the in economic sciences eligibility requirements. The degree must be • GMAT or GRE test result above in the same or relevant field. An applicable the minimum criteria degree may also be a university-level BBA• language test result above programme or internationally accredited the minimum criteria
3.2 Required Economic Sciences Background
To be eligible to apply in the Master’s admission for the School of Business the applicant must have completed in the following subjects, or subjects that the School of Business considers to be corresponding, altogether at least 36 ECTS credits: Management, Quantitative Methods of Economics and Management Science, Accounting, Marketing, Economics, Business Law, Finance, Logistics, or Business Communication; so that the applicant has completed courses in at least three of those subjects (at least 3 ECTS credits / subject). Thesis works, internships or language studies are not included in the credits. Basic and intermediate level studies are taken into account for the general eligibility requirement. The applicant has to submit course descriptions of all the courses s/he wishes to be taken into account in the admissions –
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3 Admission Process and Eligibility Requirements
3 Admission Process and Eligibility Requirements
including syllabuses, information on course literature and level of the course (not of courses completed at the Aalto University School of Business Helsinki/Mikkeli campus or the Open University of Aalto University School of Business). Large courses (over 5 ECTS credits) need to be itemized especially if they include several subjects, i.e. explained how the credits are composed of. If only part of the course content is relevant for admission, the School of Business has the right to consider only part of the course credits. If there is ambiguity about the content or level of the courses or course descriptions are not provided, the School of Business is forced to interpret the information in an unfavorable way as regards to the applicant. An explanation of the extent of the courses completed at a non-Finnish university compared to the European Credit Transfer System (ECTS) credits and the grades in a 5-point grading scale is required of all studies the applicant wishes to be taken into account in admission – unless they are originally registered in ECTS credits and grades. Information on ECTS credits and grades is available in section 5.3. The School of Business reserves the right to determine which courses are taken into account in admissions and it is decided case by case whether an applicant fulfills the requirement of sufficient previous studies in economic sciences or not. Courses are compared with the Bachelor-level courses at the School of Business (and other Finnish universities of Economic Sciences), and for instance, courses with very much applied content cannot be considered. It is the applicant’s responsibility to demonstrate that
at least the minimum amount of credits (36 ECTS) in the required subjects is fulfilled. In addition to the course descriptions, the applicant can provide a listing of the courses on his/her study transcript that fulfill the requirement in his/her opinion. Applications or the general eligibility of an applicant cannot be pre-evaluated before the application period. The decisions are made during the application period when all the required application documents (including course descriptions!) have been submitted. Note that Master’s programmes may have also programme-specific requirements for previous studies. The programme-specific requirements are listed in chapter 4.
The GRE comparison tool gives a predicted GMAT score for GRE Verbal Reasoning and Quantitative Reasoning Scores. Same GMAT result can be received with different combinations of GRE Verbal and Quantitative Reasoning Scores. Only the predicted GMAT total score is considered (the score range is not taken into account). The official GMAT or GRE test score report must arrive at Aalto University directly from the test organizer by 14 February 2014. 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. GMAT and GRE results are valid for five years; the earliest possible test date accepted in admissions is 16 December 2008. Applications without GMAT or GRE test result by the deadline or with a result below the minimum requirement are not processed. GMAT or GRE test result is required of all applicants and there are no exceptions. GMAT or GRE is not a language test. Thus, if a language test is required of the applicant, it cannot be replaced with GMAT or GRE test.
* If you apply for Master’s Programme in Corporate Communication, note that you may get additional points in academic evaluation for very good/ excellent performance in the Analytical Writing Assessment (AWA) section of the GMAT test.
3.3.1 Graduate Management Admission Test (GMAT)
Graduate Management Admission Test (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 In Finland, the GMAT test is administered by LAN Group Finland (LGF) in Espoo (www.lgf.fi). For further information about GMAT and finding a test center closest to you, please visit www.mba.com.
3.3 GMAT or GRE Test
All applicants are required to take a Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) standardized admission test. These tests are internationally used by Business Schools and Graduate Schools as one criterion in student selection to master and doctoral programmes. The tests measure the applicants’ general verbal, mathematical and analytical skills. Both tests can be taken at various test centers all over the world. The minimum test score is a total score of 550 in GMAT or an equivalent GRE result. The tests are equal in the Master’s admissions i.e. taking one or the other is not considered better.* GRE scores are converted to GMAT scores using the ETS (Educational Testing Service) guidelines and comparison tool available at: www.ets.org/gre/institutions/about/mba/comparison_tool
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3 Admission Process and Eligibility Requirements
3 Admission Process and Eligibility Requirements
The GMAT in the Aalto University School of Business Master’s admissions: The Official Score Report must be delivered to the School of Business directly by 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 chosen to be sent to a maximum of 5 institutions. The GMAT Program Code to be used in the School of Business Master’s admission is C1N-9F-85 (”MSc Degree Programs”). It is the applicant’s responsibility to provide the test organizer with the right code. If you have taken the test earlier and have not chosen the score to be sent to the Aalto University School of Business with the above code, please ask the test organizer to mail your Official Score Report to the Aalto University School of Business. Only the Total Score is considered for the general eligibility requirement. Total Score consists of Quantitative Section and Verbal Section, thus, Analytical Writing Assessment and Integrated Reasoning do not count for the Total score. Please note, however, that if you apply for the Master’s Programme in Corporate Communication, you may get additional points in academic evaluation for very good/excellent performance in the Analytical Writing Assessment (AWA) section of the GMAT test in 2014 admissions.
3.3.2 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.
If the test has been taken earlier and not sent to the Aalto University, GRE report must be ordered from the test organization again with a code (”Additional Score Report”).
The following groups are exempted from the language test requirement: Applicants who have completed a higher education degree (minimum 2 years of fulltime studies) 1. instructed in Finnish, Swedish or English at a Finnish university or a university of applied sciences. 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. 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.
The GRE revised General Test has the following sections: • Verbal Reasoning: measures ability to analyze and draw conclusions from discourse, understand multiple levels of meaning, select important points and understand the meanings of sentences and entire texts. • Quantitative Reasoning: measures ability to interpret and analyze quantitative information and use mathematical skills such as arithmetic, algebra, geometry, probability and statistics to solve problems. • Analytical Writing: measures ability to sustain a well-focused, coherent discussion, articulate complex ideas clearly and effectively, support ideas with relevant examples and examine claims and accompanying evidence. 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 185 USD. In Finland, applicants can take GRE at the Premeria Test Centre in Helsinki (www. premeria.fi). For further information about GRE, finding a closest test center and for registering for a test; please visit the website of the test organizer at www.ets.org. The GRE in the Aalto University School of Business Master’s admissions: The official GRE test report must arrive directly from the test organization. The reporting code of the Aalto University is 7364.
3.4 Requirements for Language Skills
The language of instruction in the Master’s programmes is English. The applicants must have an excellent command of English and they are required to attach an official language test report to their application (see also the exemptions below). The accepted language tests and the minimum scores are: • • • 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
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Note! Aalto University does not organize GMAT or GRE test. In questions concerning the tests, test locations or test dates, please contact the test organizers directly!
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.
Only the groups listed above 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 be rejected.
Submitting the language test scores
Applicants who take the IELTS need to enclose a copy of the score report with the application documents. The IELTS score can be verified officially by the Admission Services from an online service offered by the testing authority.
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3 Admission Process and Eligibility Requirements
4 Criteria for Academic Assessment
The general admission requirements in chapter 3 apply to all applicants. In addition to the general eligibility requirements, each Master’s programme has programmespecific evaluation criteria according to which the applicants are ranked. Only applications that fulfill the general eligibility criteria are forwarded to academic assessment. It is possible to apply for one Master’s programme only. The programme-specific criteria are defined below.
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 to the Aalto University reporting code 7364. Only the official score report submitted by the 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 the Aalto University School of Business.
Aalto University School of Business Admission Services P.O. Box 21210 FI-00076 AALTO Finland
University, please notify us by e-mail (admissions@aalto.fi). Of course, with the TOEFL test, the official score report needs to be ordered from the ETS (reporting code 7364). 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. The IELTS, PTE A and TOEFL language test reports are valid for two years, starting from the test date. Be advised that the ETS does not send TOEFL test results after they have expired. CAE and CPE do not have any restriction for their validity.
4.2 Business Law
To be considered for admission, the applicant must have completed at least 30 ECTS credits of such studies that give the applicant the ability to start the advanced studies in the Master’s degree programme in Business Law. Thesis work or internships cannot be included in the credits. The applicant’s previous studies are assessed by a representative of the degree programme. Previous studies can include max. 6 credits of Accounting or Finance studies in addition to Business Law studies. Previous studies must be completed with satisfactory grades. Applicants are ranked by the following criterion (max 11 points): 1) GPA of the previous studies (0-5 points) Points for the weighted Grand Point Average of the courses taken into account in the above criterion are given as follows: (5-point grading scale 1-5, where 5 is the best grade): GPA 4.5-5.0 5 points GPA 4.0-4.4 4 points GPA 3.5-3.9 3.5 points GPA 3.0-3.4 3 points GPA 2.5-2.9 2.5 points GPA 1.5-2.4 0 points Not eligible for admission if weighted GPA is less than 1.5. 2) GMAT / GRE test score (0-3 points) Points for the GMAT (Total Score) test result (or comparable GRE) are given as follows: 3 points = GMAT test result 700 or more 2 points = GMAT test result 650 or more 1 point = GMAT test result 600 or more
Registration for a language proficiency test
Please make sure that you register for the language test well in advance. There might not be test dates available or they may be fully booked. You need to take the test early enough in order for the result to reach the Aalto University in time. Please check from the testing center how long it takes for the test result to arrive at the Aalto University. The official language test result has to arrive at the Aalto University by 14 February 2014. To find out more about the test dates and test centers, please visit the website of the test organizer: IELTS: www.ielts.org PTE Academic: http://pearsonpte.com/PTEAcademic TOEFL: www.ets.org/toefl CAE: www.cambridgeesol.org/exams/cae CPE: www.cambridgeesol.org/exams/cpe
4.1 Accounting
The applicant must have completed at least 30 ECTS credits of studies in Accounting and/or closely related subjects. The studies must include: • • • a minimum of two courses (at least 12 ECTS credits in total) in financial accounting, and a minimum of two courses (at least 12 ECTS credits in total) in management accounting, and a minimum of one course (6 ECTS credits in total) in financial accounting, management accounting, corporate finance, or business law.
For courier service, please give the following address:
Aalto University School of Business Admission Services Runeberginkatu 14-16 00100 Helsinki Finland tel. +358 40 353 8114
If you receive your language test score after submitting your application to the Aalto
Applicants are ranked on the basis of their GMAT/GRE score. In a case of a tie, the applicants are ranked on the basis of the number of credits and the grades of studies in Accounting. The applicants are not interviewed.
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4 Criteria for Academic Assessment
4 Criteria for Academic Assessment
GMAT test result under 550 = not eligible for admission GRE is compared to GMAT using ETS guidelines and comparison tool. 3) Motivation (0-3 points) The applicant must show his/her motivation for studying by writing a motivation letter. The letter must be written in the electronic application system and the maximum length of the letter is 4000 characters. The motivation letter should answer at least the following questions: Why am I applying for admission to this particular study programme? Why should I be admitted? What interests me in the degree programme in Business Law? What would be interesting in becoming a Business Law expert? What research area interests me the most in the field of Business Law? The applicants are ranked on the basis of the total score gained in the above mentioned criteria. In a case of a tie, the applicants are first ranked on the basis of the GMAT or GRE test result and then according to the GPA of the previous studies. The applicants are not interviewed.
3.5 – 3.9 3.0 – 3.4 < 3.0
2p 1p 0p
4.4 Creative Sustainability
An applicant’s eligibility will be always checked according to the criteria of the School through which the applicant is applying (such as required minimum score of language test, required background education, required attachments). An applicant can apply for the CS programme through more than one School. In this case an applicant should deliver appropriate application package to each School. Such an applicant, however, can be selected only through one School. The applicants are ranked in two phases on the basis of the following criteria (max 21 points): Phase I 1) Academic performance (max 7 points) Points are given for the weighted GPA of the courses that provide the eligibility of the applicant on a scale from 1-5. GPA score is rounded to one-decimal figure and equals the following points: 4.8 – 5.0 7p 4.5 – 4.7 6p 4.2 – 4.4 5p 3.9 – 4.1 4p 3.6 – 3.8 3p 3.3 – 3.5 2p 3.0 – 3.2 1p Applicants with less than 3.0 weighted GPA are not considered. In the two previous sentences GPA score 3.0 does not refer to a rounded figure.
3) Relevant work experience (0-2 points) To claim admission points for work experience, the applicant has to provide his/her updated CV, together with relevant testimonials from the employers, including the time of employment. The relevance of the work experience for the programme will be determined by the Programme representatives. Both the length of the experience and the type of work will be evaluated. 4) GMAT result > 550 or corresponding GRE result (0-4 points) > 700 4p 660 – 700 3p 2p 610 – 650 560 – 600 1p 5) Other relevant factors (0-2 points) Other relevant factors include 1. Additional relevant studies (outside the degree). The relevance of the studies for the program will be determined by the Programme representatives. 2. Very good/ excellent performance in the Analytical Writing Assessment (AWA) section of the GMAT test. Maximum number of points 18. The programme reserves the right to interview the applicants whose total points based on the above criteria either equal the minimum number of points for admission or fall within +/-1 points of the minimum. The final decision will be made on the basis of the interviews.
2) Motivation and suitability evaluated on the basis of a motivation letter (max 7 points) Applicant must show his/her motivation for studying in the CS programme by writing a letter of motivation. The letter should answer at least the following questions: • Why am I applying for the CS programme? • Describe your area of interest for Master’s thesis research work. • Describe your professional interests or a dream job after completing your studies. 3) Professional activities (max 7 points) Considered from a wide perspective, related to work experience, research activity, acting as an entrepreneur, responsible organizer in non-governmental organizations or artistic activity. Evidence provided in a CV and/or portfolio. The applicants are ranked on the basis of the total score gained in criteria 1-3. In a case of a tie, the applicants are first ranked on the basis of criterion 1, after that on the basis of criterion 2, and finally on the basis of the criterion 3. Phase II Based on the total scores of phase 1 the most suitable applicants are interviewed. To be invited for the interview, the student must have gained at least 10 points in phase 1. The interview panel will assess the practical ability of the applicant to communicate and undertake the programme. The final acceptance of applicants will be made on the basis of the interviews.
4.3 Corporate Communication
1) Motivation letter (0-6 points) Both the content of the letter and the quality of writing will be assessed by the Programme representatives. 2) GPA of previous degree (0-4 points) 4.5 – 5.0 4p 4.0 – 4.4 3p
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4 Criteria for Academic Assessment
4 Criteria for Academic Assessment
4.5 Economics
Applicants having already completed a Finnish MSc degree (higher academic degree) with the major subject in Economics or an equivalent non-Finnish degree or programme with the major subject in Economics (higher academic degree) are not eligible to apply to the MSc degree programme in Economics. To be considered for admission, the applicant must have completed at least 24 ECTS credits of such studies that give the applicant the ability to start the advanced studies in the Master’s programme in Economics. Those studies can include appropriate methodological studies and studies in Economics which equal at least the intermediate level courses in the subject of Economics taught in the Aalto University School of Business. Thesis work or internships cannot be included in the credits. The applicant’s previous methodological studies and studies in Economics, giving the ability to start the advanced studies, are assessed by a representative of the degree programme. However, to be considered for admission, the previous studies always need to include intermediate level courses in Microeconomics and Macroeconomics (basic courses are not sufficient to meet the requirement), and intermediate studies in Econometrics and in Mathematical Methods of Economics OR adequate enough studies in mathematical and statistical methods used in advanced Economics studies. When the above-mentioned prerequisites are fulfilled, the applicants are ranked on the basis of the previous studies giving the abil-
ity to start the advanced studies in the degree programme in Economics, the grades in them, GMAT/GRE test result and motivation letter (total max 20 points). 1) Points for the previous studies giving the ability to start the advanced studies are given as follows: ≥ 60 ECTS 5p 48 – 59 ECTS 4p 36 – 47 ECTS 3p 24 – 35 ECTS 2p < 24 ECTS not eligible for admission 2) Points for the weighted GPA of the courses taken into account in the above criterion are given as follows (5-point grading scale 1-5, where 5 is the best grade): 4.5 – 5.0 5p 4.0 – 4.4 4p 3.5 – 3.9 3.5 p 3.0 – 3.4 3p 2.5 – 2.9 2.5 p < 2.5 not eligible for admission 3) Points for the GMAT (Total Score) test result (or comparable GRE) are given as follows: ≥ 650 5p over 600 but under 650 3p < 550 not eligible for admission GRE is compared to GMAT using ETS guidelines and comparison tool. 4) The applicant must show his/her motivation for studying by writing a letter of motivation which will be graded on a scale 0-5 points. The letter must be written in the electronic
application system and the maximum length of the letter is 4000 characters. The motivation letter should answer at least the following questions: • Why am I applying for admission to this particular study programme? • What interests me in the degree programme in Economics? • Why should I be admitted? • What are my abilities to study Economics? Particular attention should be paid to explaining how the applicant’s previous studies cover the requirements of Microeconomics, Macroeconomics and adequate methodological studies (Econometrics, Mathematical Methods or other methodological studies). The applicants are ranked on the basis of the total score gained in the above-mentioned criteria. In a case of a tie, the applicants are ranked on the basis of the GMAT or GRE test result. The applicants are not interviewed.
2) Motivation to study (motivation letter, Open University, further education training): 3 points if excellent motivation to study; 2 points if good motivation to study. Not eligible for admissions, if little motivation to study (1 point). The motivation letter must be written in the electronic application system in English and the maximum length of the letter is 100 words per question (max.500 words in total). The motivation letter should indicate that the student will be engaged in full-time studies, and touch at least the following points: • your entrepreneurial experience and competences • skills and competences you’d like to acquire while studying Entrepreneurship and • ways you plan to acquire them • and topic/s of Entrepreneurship research you’re interested in 3) Suitability of the previous credits for the degree programme in Entrepreneurship: 3 points if excellent suitability; 2 points if good suitability; 1 point if little suitability 4) International studies and experience: 3 points if excellent international studies and experience; 2 points if good international studies and experience; 1 point if little international studies and experience; 0 points if no international studies and experience
4.6 Entrepreneurship
The applicants are ranked on the basis of the following criteria (total max 15 points): 1) Experience and competence in entrepreneurship and/or potential in innovations: 3 points if excellent experience/competence/ potential; 2 points if good experience/competence/ potential; 1 point if little experience/competence/potential; 0 points if no experience / competence / potential
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4 Criteria for Academic Assessment
4 Criteria for Academic Assessment
5) GMAT test result (Total Score) (or comparable GRE result): > 650 3 points 600-650 2 points 550 –600 1 point under 550 not eligible GRE is compared to GMAT using ETS guidelines and comparison tool. The applicants can be interviewed. The applicants are ranked on the basis of the total score gained in criteria 1-5. Additionally, the possible interview is taken into account.
4.8 Information and Service Management
To be considered for admission, the applicant must have completed at least 24 ECTS credits of such studies that give the applicant the ability to start the advanced studies in the Master’s programme of Information and Service Management. Thesis works or internships cannot be included in the credits. The previous credits in the core area of the degree programme, giving the ability to start the advanced studies, are assessed by a representative of the degree programme. The credits completed in the following subjects, or subjects that the Aalto University School of Business considers to be corresponding, may be considered: Logistics, Management Science, Information Systems Science, Technology Management, Business Mathematics and Statistics. Additionally, the weighted Grade Point Average (GPA) of those courses taken into account must be at least 2.5 using the 5-point grading scale 1-5 where 5 is the best grade. The applicants are ranked on the basis of the following criteria (total max 24 points): 1) Points are given for the previous studies giving the ability to start the advanced studies as follows: ≥ 60 ECTS 6p 48 – 59 ECTS 5p 36 – 47 ECTS 4p 24 – 35 ECTS 3p < 24 ECTS not eligible for admission 2) Points are given for the weighted GPA of the courses taken into account in the
above criterion 1 as follows: 4.5 – 5.0 12 p 3.5 – 4.4 8p 2.5 – 3.4 0p < 2.5 not eligible for admission 3) GMAT result (Total Score) or comparable GRE result: ≥ 600 6p 550 – 590 3p < 550 or no GMAT not eligible for admission GRE is compared to GMAT using ETS guidelines and comparison tool. The applicants are ranked on the basis of the total score gained in criteria 1-3. In a case of a tie, the applicants are ranked firstly on the basis of GPA evaluated in criterion 2, secondly on the basis of the amount of the previous studies in the core area of the degree programme, and thirdly on the basis of the GMAT/GRE result. The applicants are not interviewed.
• • •
Why am I applying for admission to this particular degree programme? What interests me in the IDBM programme? Why should I be admitted to the programme?
The motivation letter is evaluated and scored using a scale of 0-4 in which 4 points = excellent motivation and 0 points = minor motivation. 2) Academic Excellence/Portfolio (max 4 points) Applicant’s grades from studies completed and of which the applicant has provided the appropriate documents and/or portfolio by the end of the application period will be evaluated and scored as follows: Academic excellence: Excellent = 4 points, less than Good = 0 points; Portfolio: Sufficiently Acceptable, Non-Acceptable. 3) Professional Experience (max 4 points) Applicant’s professional experience is looked at broadly and is considered to include work experience relevant to the IDBM programme as well as experience in scientific and artistic work, entrepreneurship and/or other relevant civic activity. Professional experience will be evaluated based on the CV. Phase II Based on the total scores of phase I the best applicants are interviewed. The number of applicants invited to the interview is double the amount of the quota. The applicants’ practical skills and ability to communicate in English are evaluated and the applicants are required to give a short oral presentation
4.7 Finance
Phase I: GMAT/GRE Applicants are ranked by GMAT (Total Score) test result (or comparable GRE). When GMAT/GRE scores are equal, the quantitative score determines the ranking. GRE is compared to GMAT using ETS guidelines and comparison tool. Phase II: Interview Double the amount of candidates that can be accepted to the programme will be invited for an interview. The applicant must be available for an interview via video conferencing at a time to be indicated by the programme. Interviewees need to provide ID in advance. The interviewers will each score the candidate on a scale of 1-10 based on motivation and spoken communication skills. The final ranking of the candidates will be determined by GMAT + 10*(average interview score). If this score is equal, the average interview score determines the ranking.
4.9 International Design Business Management
The Master’s programme in International Design Business Management evaluates and ranks the applicants in two phases on the basis of the following criteria (max 12 points): Phase I 1) Motivation (max 4 points) Applicant must show his/her motivation for studying in the IDBM programme by writing a letter of motivation. The letter should answer at least the following questions:
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4 Criteria for Academic Assessment
4 Criteria for Academic Assessment
in English on a subject given when invited to the interview. The interviews will take place during week 13-14 and they will be recorded. The final acceptance of applicants will be made on the basis of the interviews. The student can be admitted only for one Master’s Degree Programme in International Design Business Management.
•
International Business? What skills am I seeking to acquire while studying in the MIB degree programme?
taken into account). GPA under 3.0 is not eligible for admission. Grading scale: GPA 3.0 – 3.4 GPA 3.5 – 3.9 GPA 4.0 – 4.4 GPA 4.5 or more 0 points 3 points 5 points 7 points
4.10 Management and International Business
To be considered for admission, the applicant must have completed at least 24 ECTS covering the domains of Management or International Business or subjects that support those domains (for example sociology, social psychology, educational sciences or political science studies). It will be decided case by case whether an applicant fulfills this requirement of previous studies. The applicants are ranked on the basis of the following criteria (maximum 22 points): 1) Motivation letter and Thesis research plan (0-10 points) a) The motivation letter must be written in the electronic application system in English, and the maximum length of the letter is 4000 characters. The motivation letter should indicate that the student will be engaged in full-time studies, and should answer at least the following questions: • • Why am I applying for admission to this particular study programme? What are my experience and competences in the field of Management and
b) In the Thesis research plan the applicant describes the possible topic and research plan for his/her Master’s Thesis. The maximum length of the plan is 2000 characters and it must be written in English into the electronic application system. Motivation letter and the Thesis research plan are evaluated together. Grading scale: 0 points Not eligible for admission 3 points Satisfactory 5 points Good 7 points Very good 10 points Excellent 2) GMAT (or comparable GRE) test result (1-5 points) GRE is compared to GMAT using ETS guidelines and comparison tool. A GMAT score under 550 is not eligible for admission. Grading scale: 550 – 590 1 point 3 points 600 – 640 650 or more 5 points 3) Weighted GPA of previous studies (0-7 points) The ECTS grading scale GPA is counted from the course grades in the previous studies accomplished in universities or in universities of applied sciences (internships, tutoring, military service, language, physical training, computer, music and hobby courses are not
1) Previous credits in the core area of the degree programme (max 3 points) 3p ≥ 80 ECTS 48 – 79 ECTS 2p 24 – 47 ECTS 1p < 24 ECTS not eligible for admission 2) Weighted GPA of the courses taken into account in the above criterion 1 (on a 5-point grading scale) 4.5 – 5.0 10 p 4.0 – 4.4 8p 3.5 – 3.9 6p 3.0 – 3.4 4p 2.5 – 2.9 2p < 2.5 not eligible for admission 3) GMAT/GRE (Total Score) ≥ 650 4p 600 – 640 3p 550-590 2p < 550 not eligible for admission GRE is compared to GMAT using ETS guidelines and comparison tool. 4) Motivation, which is measured by activity in the field of business and economics (0-3 points) In addition to the above-mentioned criteria, applicant’s activity in the field of business and economics can be taken into account (such as work experience or internship, participation in projects or research, leisure time activity in the field of business and economics). Applicants can show their activity in the field of business and economics by submitting a CV, which is validated with work certificates or other official certificates. The representative of the
In a case of a tie between applicants, the applicants are primarily ranked on the basis of criterion 1, secondly on the basis of criterion 2, thirdly on the basis of the criterion 3, and after that on the basis of interviews (which will be organized if there are more candidates with the same points for available quota). The final acceptance of these applicants will be made on the basis of the interviews.
4.11 Marketing
To be considered for admission, the applicant must have completed at least 24 ECTS credits of studies that give the applicant the ability to begin advanced studies in the Master’s degree programme in Marketing. Thesis works or internships cannot be included in the credits. Previous credits in the core area of the degree programme, giving the ability to begin advanced studies, are assessed by a representative of the degree programme. In addition to studies on marketing, the required studies may include also other studies that the degree programme considers suitable. The applicants are ranked on the basis of the following criteria (total max 17 + 6 points):
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4 Criteria for Academic Assessment
4 Criteria for Academic Assessment
degree programme evaluates the suitability of the activity. Primarily activity in the field of marketing is taken into account. The degree programme reserves the right not to give extra points for activity in the field. 5) Analytic Writing Skills Essay (0-3 points) The applicant is required to submit an essay of 750-1000 words. In this essay the applicant should describe succinctly his/her undergraduate thesis topic, what s/he learnt during the thesis work process, what s/he found as challenging, and what s/he would do differently to improve the work. If the applicant’s prior studies do not include an undergraduate thesis, then s/he may write about an equivalent final project, assignment or paper. If the applicant has been in employment for more than 3 years, s/he may write about a work project or equivalent work-related situation. The applicants are ranked on the basis of the total score. In a case of a tie, the applicants are primarily ranked on the basis of GMAT/ GRE result and after that on the basis of the criterion 2. The applicants can be interviewed if required.
by case whether an applicant fulfills the requirement of previous studies for the M.Sc. in Strategy programme. The applicants are ranked on the basis of the following criteria (maximum 25 points): 1) Motivation Letter and Prior Experience (0- 10 points) The motivation letter must be written in the electronic application system in English and the maximum length of the letter is 4000 characters. The motivation letter should indicate that the student will be engaged in full-time studies, and should answer at least the following questions: • • • Why am I applying for admission to this particular study programme? What are my experiences and competences in the field of strategic management? What skills am I seeking to acquire while studying in the Strategy degree programme?
5 points 7 points 10 points
Good Very good Excellent
for available quota). The final acceptance of these applicants will be made on the basis of interviews.
2) GMAT (or comparable GRE) Test Result (1-5 points) GRE is compared to GMAT using ETS guidelines and comparison tool. A GMAT score under 550 is not eligible for admission. Grading scale: 550 – 590 600 – 640 650 or more 1 point 3 points 5 points
3) Weighted GPA of the Previous Studies (0-7 points) The ECTS grading scale GPA is counted from the course grades in the previous studies accomplished in universities or in universities of applied sciences (internships, tutoring, military service, language, physical training, computer, music and hobby courses are not taken into account). GPA under 3.0 is not eligible for admissions. Grading scale: GPA 3.0 – 3.4 0 points GPA 3.5 – 3.9 3 points GPA 4.0 – 4.4 5 points GPA 4.5 or more 7 points In a case of a tie between applicants, the applicants are primarily ranked on the basis of criterion 1, secondly on the basis of criterion 2, thirdly on the basis of the criterion 3, and after that on the basis of interviews (which will be organized if there are more candidates with the same points
4.12 Strategy
To be considered for admission, the applicant must have completed at least 24 ECTS, covering the domains of strategy, marketing, international business, accounting, finance, logistics, information systems science, economics, management, leadership and/ or work psychology. It will be decided case
In the Prior experience and knowledge section the applicant is evaluated based on the relevance of his/her prior experiences at work and in other activities. We evaluate the ability of the applicant to become business leader and to acquire new knowledge in the programme. The maximum length of the section is 2000 characters and it must be written in English in the electronic application system. Both letters are evaluated together. Grading scale: 0 points Not eligible for admission 3 points Satisfactory
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5 How to Apply
The application period is once a year. The application round for Master’s studies beginning in autumn 2014 is from 16 December 2013 until 31 January 2014. It is possible to apply to one of the Master’s programmes at the School of Business. The Aalto University does not charge application fees.
5 How to Apply
The following documents must be enclosed with the printed and signed cover letter and sent to the Aalto University School of Business: 1. Officially attested copy of an official Bachelor’s degree certificate, or a certificate of equivalent studies 2. Authorized translation of the degree certificate (if applicable) 3. Official transcript of records listing your completed university studies, or an officially attested copy of it 4. Authorized translation of the transcript (if applicable) 5. Course descriptions* 6. Copy of passport or ID card 7. GMAT or GRE test result 8. Language test scores (information on language requirements in section 3.4) 9. Explanation of the extent of the courses completed at a non-Finnish higher education institution compared to the European Credit Transfer System (ECTS) credits** (unless originally registered in ECTS credits) 10. Explanation of the grading of the courses completed at a non-Finnish higher education institution compared to the 5 scale grading system (unless originally graded in 5 scale system) * Course descriptions of the relevant courses
– including syllabuses, information on course literature, level of the course. Large courses (over 5 ECTS credits) need to be itemized, i.e., explained how the credits are composed of. Descriptions are not required of courses completed at the Aalto University School of Business. ** More information on the European Credit Transfer System (ECTS) is available on the Inter-
5.2 Required Application Documents
After filling in and submitting the online application, the cover letter form needs to be printed out, signed and sent to the School of Business with all the required application documents. The application can be processed only if the signed cover letter and all the required enclosures are received by the university by the deadline; incomplete or late applications will not be processed. See 6.1. Selection Schedule for the deadlines. Admission is based on the information given in the application form and its enclosures. The School of Business is forced to interpret obscure or defective information in an unfavourable way as regards to the applicant. The decision on admission is conditional and a study right already granted may be cancelled if it is revealed that the applicant has provided the School of Business with, in any way inaccurate, false or misleading information.
mation on ECTS Credits and Grades.
eu/education/lifelong-learning-policy/ ects_en.htm) and in this guide section 5.3 Infor-
net, for example on European Commission website (ECTS credits and extent) (http://ec.europa.
Additional documents, if applicable: • Official transcript of records of additional studies that the applicant wishes 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 for academic evaluation by the degree programmes. 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 may affect the selection decision. See 5.2.1 Programme-specific Enclosures. Students in their final year of a Bachelor’s programme may apply, provided that they will graduate no later than 31 July 2014. When applying with an unfinished degree, please submit a certificate of your student status or a statement by the higher education institution about your estimated time of graduation.
5.1 Online Application System
The Aalto University has its own online application system. The online application form is filled at https://apply.aalto.fi. The application form is available only during the application period 16 December 2013 - 31 January 2014 at 4.15pm (GMT +2hrs). Please read the instructions carefully before filling in the form. After filling in the online application form, remember to submit it in the system. You will get an automatic email after the application has been submitted. After submitting the form electronically, the provided cover letter must be printed out from the online system, signed and sent to the School of Business with the required enclosures (see 5.4 Delivering the Application Documents for further information). The online system is used throughout the application process. Applicants should follow the status of their application and see the arrival of their documents in the system. Also the final admission results will be published via the online application system.
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Note! The application documents are not returned. Do not use staples or paper clips; simply arrange your application documents in order. Do not attach a photo to the application form.
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5 How to Apply
Additional information about the required documents • The copy of your passport does not need to be attested. • The use of false application documents will lead to the rejection of the application and will be reported to the relevant authorities. • Applications or application documents • cannot be delivered by e-mail or fax. • If you deliver supporting or missing • documents after you have sent your application, please make sure that it is stated clearly in the delivery for what purpose the documents are, what is your name and the application ID number. • relevant certificates of employment, applicant’s list of those workplaces and descriptions of the responsibilities, name and contact information of the supervisor, other certificates of professional experience, other certificates and information the applicant considers necessary (e.g. portfolio). Management and International Business: motivation letter*, research plan** Marketing: CV, analytic writing skills essay, relevant certificates of employment, other certificates of professional experience, other certificates and information the applicant considers necessary Strategy: motivation letter *, prior experience and knowledge essay** in Finnish, Swedish or English, the applicant must provide official translations of them. A translation is regarded official if it is made by an authorized translator or by the university that has granted the degree. Translations must be either originals or certified copies of the original translations. All translations must be accompanied with a certified copy of the original document.
5 How to Apply 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 next chapter 5.2.4 Country-specific Requirements. The School of Business does not take copies of application documents or attest them.
5.2.3 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 are not 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 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
5.2.4 Country-specific Requirements
There are country specific documentation requirements for degrees awarded in: Australia, Bangladesh, Cameroon, Canada, China, Eritrea, Ethiopia, Ghana, Great Britain, India, Indonesia, Iran, Ireland, Kenya, Malaysia, New Zealand, Nigeria, Pakistan, South Africa, Sudan, and USA. If your degree was awarded in Australia, Cameroon, Canada, Eritrea, Ethiopia, Ghana, Great Britain, Indonesia, Ireland, Kenya, Malaysia, New Zealand, Nigeria, South Africa, Sudan, or USA, an official transcript of records must be sent directly from your university to the Aalto University School of Business Admission Services in a sealed envelope. The envelope cannot contain any other application documents than the transcript. Transcripts handled or delivered by the applicant are not accepted. If your degree is awarded in Bangladesh, the copies of the degree certificate and transcript of records have to be certified by the Ministry of Foreign Affairs of Bangladesh. Each page of the transcript of records and the degree certificate has to be stamped and signed by the Ministry of Foreign Affairs of Bangladesh. Copies of copies will not be accepted. All copies must have the original
5.2.1 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 Business Law: motivation letter* Corporate Communication: motivation letter*, CV, relevant certificates of employment Creative Sustainability: motivation letter*, CV / portfolio Economics: motivation letter* Entrepreneurship: motivation letter*, CV, relevant certificates of employment, other certificates and information the applicant considers necessary Finance: no additional enclosures Information and Service Management: no additional enclosures International Design Business Management: motivation letter *, CV,
* Motivation letter is written in English in the online application system and it does not need 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). ** Research plan (MIB) / essay (Marketing and Strategy) is written in English in the online application system and it does not need to be printed out. You can prepare the plan/ essay beforehand and paste it onto the online form. The maximum length of the document is 2000 characters (including space characters).
• • •
5.2.2 Translations
All required documents must be available either in Finnish, Swedish or English. If the original study certificates are not issued
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5 How to Apply stamp given by the Ministry of Foreign Affairs of Bangladesh. Further information can be found on the Ministry’s website www.mofa.gov.bd. If your degree is awarded in China, the official transcript of records must be verified, translated, and delivered through the China Academic Degree and Graduate Education Development Center (CDGDC). This means that the CDGDC must translate the transcript into English as well as verify the original Chinese document, and then deliver the translated and verified documents to Aalto University. The CDGDC will also automatically include a report of your studies with your transcript, and this report must be in English. You must also submit officially certified copies of your degree certificate and graduation diploma in original language, as well as their official translations. The degree certificate and graduation diploma must be verified by the issuing institution, by a notary public or by the CDGDC. In case you are applying with an unfinished degree, you should submit also an official letter from your university estimating the date of your graduation. Note that the Chinese New Year holiday season may affect the processing of your documents and therefore you must have your documents verified and delivered by the CDGDC well in advance. No exceptions to the deadlines will be made. Further information on the CDGDC website http://cqv. chinadegrees.cn/. If your degree is awarded in India, in addition to the attested copies of your degree certificate and transcript of records, attested copies of individual mark sheets from each semester are required. If your degree is awarded in Iran, copies of the educational documents must be legalized by the Iranian Ministry of Foreign Affairs and the Finnish Embassy in Tehran. Official translations of educational documents must be certified by the Ministry of Justice. Copies of copies will not be accepted. All the copies must have the original stamp given by the Iranian Ministry of Foreign Affairs and the Finnish Embassy in Tehran. Original transcripts issued in English by the university are accepted only if the transcript arrives in the university’s sealed envelope. If your degree is awarded in Pakistan, your degree certificate and transcript of records have to be attested by the Higher Education Commission (HEC) in Pakistan. Each page of the degree certificate and the transcript of records must have the original attestation stamp and signature of an HEC official. Copies of copies are not accepted. The authenticity of the qualifications will be verified with the HEC. Please note that a faster verification process applies for academic documents certified by the HEC after February 2009. We therefore urge everyone with older attestations to arrange for new ones. For more information, please see the HEC website www.hec.gov.pk.
5 How to Apply 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.
5.3 Information on ECTS Credits and Grades
ECTS credits ECTS is based on the principle that 60 credits measure the workload of a full-time student during one academic year. For example a Finnish 3-year Bachelor’s degree equals nowadays typically 180 ECTS credits (sometimes more). 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. The student workload of a fulltime study programme in Europe amounts in most cases to around 1500-1800 hours per academic year and one credit stands for around 25 to 30 working hours. In Finland the standard is 1600 hours per academic year, and 1 ECTS equals 26,66 hours of work. The general idea of ECTS conversion of the studies that the applicant has taken outside of Finland is needed for the application (not course by course). 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 •
More information for example on the European Commission website at: http://ec.europa.eu/education/lifelonglearning-policy/doc48_en.htm. ECTS grades 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. The Table 1 shows how the grades in Finland and at the School of Business would be compared to ECTS grades. 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 ECTS grading scale is based on the class percentile. The passing grades are divided into five subgroups: the best 10% are awarded an A grade, the next 25% a B grade, the following 30% a C, the following 25% a D and the final 10% an E. More grading definitions and converting of grades for example at: www.suny.edu/provost/international/studyabroad/ects/ ECTS%20Grade%20Converter.htm.
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5 How to Apply
5 How to Apply
Aalto University School of Business Admission Services/ Master’s Admissions Runeberginkatu 14-16 FI-00100 Helsinki Finland tel. +358 40 353 8114 Be advised that we cannot reply to enquiries concerning reception of application documents during the application period. Arrived application documents are marked into the application system; applicants will receive an email notification once their documents have arrived and been registered to the system. Applicants should check the Monitoring page in the online application system for following the arrival and status of their documents.
ECTS ECTS Finnish Grade Letter Grade Verbal Grade (grading 1-5) A B C D E FX/F Excellent Very Good Good Satisfactory Sufficient Fail 5 4 3 2 1 Fail
Grade of Finnish Universities prior to 8/2005 (grading 1-3) 3-, 3, 3+, ECLA, SCLA, L, ET, Excellent 2+, 2.5, MCLA, Very good 2-, 2, NSLA, CL, HT, Good 1, 1+, 1.5, A, LUB, TT, (Very) Satisfactory 1Fail
5.4 Delivering the Application Documents
After submitting the form electronically, the provided cover letter must be printed out, signed and sent to the Aalto University School of Business with the required enclosures. The signed cover letter and the enclosures need to arrive at the School of Business by 31 January 2014 at 4.15pm (GMT +2hrs). Applications 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. Note! If you mail your application documents, take care that they will be delivered by the application deadline and to the correct address. The mailing address for the printed online cover letter and enclosures is: Aalto University School of Business Admission Services/ Master’s Admissions P.O. Box 21210 FI-00076 AALTO FINLAND We strongly advise international applicants to use a courier company or other service where it is possible to track the delivery. If you use courier services, please give the following street address:
Table 1: ECTS grades and an example of how some Finnish grades would compare to the ECTS system. *Aalto University School of Business (former HSE) used another grading system than 1-5 prior to 2010.
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6 Selection of Students and Admission Results
6.1 Selection Schedule
Application period for studies starting in autumn 2014 is 16 December 2013 - 31 January 2014. Selection results are published at the earliest 3 April 2014. 16 Dec 2013 31 Jan 2014 at 16:15 (4.15 pm, GMT +2hrs) Application period begins, online application system opens. Application period ends, online application system closes. Deadline for delivering the printed and signed online cover letter and the required application documents. Studies that the applicant wishes 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. Eligible applications are evaluated by the programme staff. First possible publication date of admission results. Deadline for accepting the study place. The degree granting eligibility to apply must be completed and the completion verified. Deadline for providing officially certified copy of degree certificate and final study transcript. Term starts with orientation to studies.
6 Selection of Students and Admission Results admission or fails to accept the study place as required, the study place can be offered to the next best applicant on the waiting list who has not been admitted. Applicants can be selected from the waiting list until the time limit set by the School of Business. An applicant selected from the waiting list will be informed of the offered study place immediately. The programmes are not obligated to fill up all the available study places and can decide not to accept students from a waiting list.
The Admission Services process all the applications and check their general eligibility, i.e. check the authenticity of the documents, that the application contains all the requisite documents and that it fulfills the admission requirements. Only eligible applications are forwarded to the degree programmes for academic assessment. Incomplete or ineligible applications will be rejected. The final admission decision is made by the degree programme based on the predefined academic evaluation criteria (section 4. Criteria for Academic Assessment). Admission is granted on a competitive basis - the applicants are assessed e.g., on the basis of their previous academic record and compared with each other. The number of seats is restricted and only the best applicants will gain admission. 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.
6.3 Right of Appeal
Dissatisfied applicants may appeal against the admission decision within 14 days after the publication of the decisions. The written appeal about a possible mistake made in the admission procedure has to be submitted to the registry of the Aalto University. The appeal must specify the subject matter of the appeal as well as the grounds for it. The appeal should be addressed to the Dean of Aalto University School of Business. The appeal has to contain the applicant’s personal data and be signed either by the applicant or an authorized representative. The right of appeal does not mean a request for reconsidering your application or asking for further information. The right of appeal means that an applicant has the possibility to request rectification, if s/he believes that there has been an error in the decision-making process. The decision on admission is conditional. Should we find any false information in an application or its supplements, the admission can be cancelled.
14 Feb 2014 at 16:15 (4.15 pm, GMT +2hrs) Feb - March 2014 3 April 2014 30 May 2014 at 16:15 (4.15 pm, GMT +2hrs) 31 July 2014
6.2 Results of Admission
The admission decisions are published at the earliest on 3 April 2014. 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 admission letter, 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. In case someone does not accept the offer of
8 Aug 2014 at 16:15 (4.15 pm, GMT +2hrs) around week 35
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7 Studying at the School of Business
7.1 Duration of Study Right
An applicant who is admitted to the Aalto University School of Business in Master’s admissions will be granted a study right 1) only for the Master’s degree, 2) only to a particular degree programme and 3) only for the Aalto University School of Business Helsinki campus. According to the Universities Act 558/2009, the student has a right to complete the studies leading to a Master’s degree according to the degree regulations and syllabus of the university in question. for the degree the year s/he confirms her/his enrolment to the university, that is, the year s/he is admitted to the university. The above time limitations start then. Being non-attending for reasons of voluntary or compulsory military service, maternity leave, paternity leave or parental leave does not decrease the duration of study right or the time limits set above.
6.4 Accepting the Offer of Admission
The admitted applicants must accept the offer of admission with the confirmation form sent with the admission letter. The signed confirmation form for accepting the study place has to arrive at the Aalto University School of Business at the latest 30 May 2014 (4.15 pm local time, GMT +2hrs). The acceptance is binding and it cannot be changed later on. Further instructions are sent to the admitted students with the admission letter.
6.5 Statistics
You can see the statistics of the Master’s admissions in previous years on our website at: www.aalto.fi/en/studies/admissions/biz/masters_degree/statistics/. The statistics of the Master’s admissions in different years are not comparable because of changes in the admission criteria. For example, in 2005-2007 a so-called index score was used. Statistics are also not comparable between the degree programmes due to different evaluation and ranking criteria.
Table 2: Statistics of 2013 admissions
7.2 Objectives and Contents of the Master’s Degree
Degree programme Accounting Business Law Corporate Communication Creative Sustainability Economics Entrepreneurship Finance Information and Service Management International Design Business Management Management and International Business Marketing Strategy Total
The extent of the Master of Science in Economics and Business Administration A student must register to the university (MSc) degree is 120 ECTS (European Credit either as attending or non-attending every Transfer System) credits. The extent of the year within the time limits for registration academic year is approximately 60 ECTS set by the university. Should s/he fail to do credits corresponding to 1600 hours of work that, s/he loses the study right and has to by the student (lectures, exercises, seminars, plead the university to allow her/him to get other forms of instruction and independent it back. work at home, in the library etc.). Thus, the normative length for taking the degree is two The standard time for taking the Master’s years. degree is two years. Sometimes, for undefined reasons, a student may end up studyIf the student is admitted to the Aalto ing for a longer time. However, based on the University School of Business to take the Universities Act the following limitations Master’s degree only, s/he may also be ashave been set nationwide. signed supplementary studies (maximum 60 ECTS credits). A student admitted to study for the Master’s degree only, must complete his/her degree in The objective of the Master’s degree at the four years (the maximum given). In addition School of Business is to prepare the stuto this, the student can be non-attending for dents for challenging managerial careers in four terms (the maximum given). This means global business, responsible expertise jobs that the student may register as attending either in private or public sector, or as an altogether for 8 terms (4 years) and nonentrepreneur. After completing the Master’s attending for 4 terms (2 years). degree, the students should have excellent preparedness for demanding international The student is considered to start the studies postgraduate studies and research work. The
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Master’s degree provides the students with skills based on research in business administration and economics that enable them to function in demanding careers in a global environment. In 2013-2014 the Master’s degree, 120 ECTS credits, consists of: • Studies in the degree programme (major), 84 ECTS credits, include also Master’s thesis (30 ECTS credits) and seminar (6 ECTS credits) • Minor studies, 24 ECTS credits • Free electives, 12 ECTS credits ies and to reach the objectives and learning goals of the degree. The previous studies of the admitted applicants are evaluated with relation to the objectives of the Aalto University School of Business Master’s degree, defined in the degree regulations and based for example on the objectives of the Aalto University School of Business Bachelor’s degree (including a wide core knowledge in the field of business). The supplementary studies can include: • language and communication studies in foreign languages and in Finnish and Swedish* • basic business studies from the socalled “Fundamentals of Business Knowledge” study module (for example Management, Accounting, Marketing, Economics, Business Law and Finance), which is a part of the Aalto University School of Business Bachelor’s degree • essential intermediate level studies in the subjects of the degree programme • a course related to reading and writing scientific texts will be assigned to all applicants admitted on the basis of a university of applied sciences degree
* If the applicant has not in his/her previous degree demonstrated the Finnish and Swedish skills required of civil servants in bilingual public agencies and organizations in Finland (Act on the Knowledge of Languages Required of Personnel in Public Bodies 424/2003) and/or necessary for the objectives of the business degree, the skills are demonstrated in the degree of Master of Science (Econ. and Bus. Adm.) and s/he is assigned Finnish and Swedish courses in supplementary studies: Talouselämän viestinnän perusteet and Ruotsinkielinen yritysviestintä 1). However, based on the Aalto University School of Business degree regulations the student can be exempt from those
7 Studying at the School of Business a midterm examination week between the periods. The fall and spring terms end with the examination term. There can also be examinations in between. The School of Business has actively adopted modern teaching methods and increased student involvement in the teaching-learning process. Presentation, teamwork, and communications skills are emphasized in teaching and special attention is paid to the use of cases, reports, and other assignments. The goal of teaching is to enable the graduating students acquire the necessary skills in working life: teamwork skills, communication skills, analytical skills and abilities to lifelong learning. Varied and interactive methods are used in teaching throughout the studies and students are encouraged to be active. Several courses are completed in parts. In addition to the traditional lectures and final examinations, the courses can have, for example, a starting examination, midterm examinations, exercises, essays, case works and/or oral presentations. The studies are full-time and they cannot be completed as distance learning.
language requirements on the basis of his/her native language and language of elementary/secondary education (e.g. high school).
All supplementary studies must always be completed at the Aalto University School of Business or its Open University and they cannot be compensated by studies taken elsewhere. The admitted students will receive decisions concerning their supplementary studies in the beginning of their studies. In practice, international students usually have a good business background and not much supplementary studies are needed.
7.3 Supplementary Studies
According to the degree regulations of the Aalto University School of Business, students who have been admitted to take only the Master’s degree and who have not completed a Finnish university degree in “Economics and Business Administration” can be assigned supplementary studies up to a maximum of 60 ECTS credits. Students with a Finnish university degree in “Economics and Business Administration” are not assigned supplementary studies. The need to assign a student supplementary studies is determined by the School of Business and the evaluation is based on the application form and its enclosures, i.e. the studies, courses and course descriptions included in the application documents or the enclosures that the applicant has provided the School of Business with. Supplementary studies are assigned if the student lacks essential knowledge to progress the second-cycle (Master’s) stud-
7.4 Academic Year and Teaching Methods
The academic year begins officially on 1 August and ends on 31 July. However, courses are mostly offered from September to May. When starting the studies, the first term starts around the end of August with the orientation to studies, the objective of which is to familiarize the students with the facilities of the School of Business and the other new students, as well as to advise them on how to start and proceed with their studies. Later on, teaching usually begins at the beginning of September. The last exams of the academic year take usually place in May. The Aalto University School of Business Open University offers some courses also during the summer time. The academic year is divided into two terms (autumn and spring). The autumn term is further divided into two periods and the spring term into three periods. There is often
7.5 Exchange Studies, CEMS and Double Degrees
The School of Business Bachelor’s and Master’s students may study one semester at a business school abroad. Annually over 300 students have used this opportunity. Credits for the completed courses are transferred to the degree. The credits completed during the exchange period have usually formed the student’s minor studies in the degree.
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Design Business Management degree programme has a double degree agreement with the Tongji University in Shanghai. Within these agreements the students have the opportunity of completing a double Master’s degree parallel to their home university Master’s programme. A double Master’s is completed during two academic years, one spent at the Aalto University School of Business and one at the host university. There is a separate application system for exchange studies, CEMS and double degrees. The process takes place after the student is admitted to Master’s degree, usually during the first semester of the studies.
7 Studying at the School of Business fulfill the normal credit transfer rules and regulations of the Aalto University School of Business. The School of Business considers that the admission of a student is based on all of the studies and courses which can be seen from the application documents or the enclosures that the applicant has provided the School of Business with. Thus, all of those studies and courses have been taken into account in the admissions process. This means that the same studies cannot be used first for applying to the School of Business and then also to be transferred into the Master’s degree.
There are a number of partner schools (currently about 110) all over the world, which accept the Aalto University School of Business students as exchange students. Over 200 exchange students from abroad come annually to the School of Business for an exchange period. The membership in the Community of European Management Schools (CEMS) provides the Aalto University School of Business Master’s students with an opportunity to apply for the CEMS MIM (Master in International Management) Programme. Selected students can pursue the CEMS MIM parallel to their Master’s degree. Students will complete most CEMS elements, including studies at the home university and a semester abroad, during one academic year. The CEMS MIM is most suited for a student who is interested in languages, aims at a European career and is committed to a long-term study plan to achieve this goal. There are internship opportunities with the partner companies already during the studies and the corporate partners may recruit CEMS graduates for permanent jobs. The Finnish corporate partners are Nokia, Kone and Stora Enso. Some of the credits completed during the CEMS MIM usually form the student’s minor studies in the Aalto University School of Business Master’ degree. More information on CEMS: www.cems.org and http://biz.aalto.fi/en/studies/cems_studies_at_aalto_university/. The Aalto University School of Business has agreements on double degrees with the University of Cologne and with Université Catholique de Louvain, Louvain School of Management. In addition, the International
7.6 Changing the Master’s Programme
A student who is admitted in the Master’s admissions gets the right to study in a particular Master’s degree programme. Students admitted directly to the Master’s programme cannot change the study programme.
7.7 Academic Recognition of Previous Studies
The extent of the Master’s degree is 120 ECTS credits. When admitted to the School of Business in the Master’s admissions, students are required to complete the 120 ECTS credits and may, additionally, be assigned supplementary studies up to a maximum of 60 ECTS credits. Consequently, students will be required to complete 120+60 ECTS credits, at the maximum, in order to be conferred a Master’s degree. In practice, international students have so far been assigned 0-30 ECTS supplementary studies.
During their studies at the School of Business the students can take courses at other universities and apply for credit transfer. However, at least half of the degree must be completed at the Aalto University School of Business. Thesis work (thesis, thesis seminar, maturity test) and supplementary studies must always be completed at the School of Business. Courses taken at the Aalto University School of Business Open University are considered as studies completed at the According to the Council of Teaching and Research decision on 11 December 2007 con- Aalto University School of Business. cerning the academic recognition of studies completed at another university, students 7.8 Cost of Study admitted directly to the Master’s level at the Aalto University School of Business Since higher education is funded by the cannot transfer credits from the studies state through the Ministry of Education and that have been taken into account in the Culture, degree students have normally paid admissions. An exception can be made only no tuition fees. There are no tuition fees in with students who have been admitted on admission round 2014. the basis of a Finnish university degree in “Economics and Business Administration”. Students are expected to cover all living For these students it may be possible to expenses and other study related costs transfer credits from those studies that have from their own financial resources. The exceeded the aforementioned degree, if they minimum budget for a student for one
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7 Studying at the School of Business month is around 800 euros (incl. rent, food, transportation) – depending, for instance, on the kind of housing the student is able to obtain. The university does not offer scholarships or any funding in the tuition-free programmes. It is important that applicants consider financing their studies and living in Finland already before applying. In addition, international students need to show proof of sufficient funds for living expenses during their period of study in Finland when applying for a residence permit (See 8.1 Residence Permit). The Student Union membership fee (99 € per academic year in 2013) is obligatory for all university students studying for their Master’s degree. The fee includes a compulsory health care payment that entitles the students to inexpensive health care services (Finnish Student Health Service). The students get a student ID card which entitles them discounts, for example an affordable lunch at the campus. All Aalto University School of Business students belong to the Aalto University Student Union (AYY), which supervises the interests of students and arranges cultural, sports and social activities. There are a number of clubs for various hobbies, sports and cultural interests.
8 General Information
8.1 Residence Permit
International students planning to study in Finland for more than three months need a residence permit. Citizens of the EU, Iceland, Liechtenstein, Norway or Switzerland do not need a residence permit. The residence permit application should be submitted to a Finnish embassy in the country of your legal residence (usually your home country) as soon as you have received the acceptance letter from the university. The embassy will forward your application to the Finnish Immigration Service in Finland for a decision. The processing time of residence permits vary and it is important to start the process as soon as possible so that you receive your residence permit card in time. You must wait for the decision to your residence permit application abroad. The decision will be given through the embassy at which you submitted your application. A residence permit will not be issued without a proof of sufficient funds for supporting yourself during the entire period of study in Finland. You will need to have at least 560 euros per month to pay for your accommodation, food and other expenses. For one year of residence you are required to have 6,720 euros at your disposal. During your stay in Finland you must be covered by a private health insurance for your residence permit. Your insurance must cover medical expenses in the amount of 100,000 euros if your studies in Finland last less than two years. Your insurance must cover medical expenses in the amount of 30,000 euros if your studies in Finland last two years or longer. Do not take out a regular travel insurance, which is meant for holiday trips lasting less than three months. The insurance must be valid for your entire stay in Finland. The Finnish Immigration Service has introduced e-services in residence permit process. Submitting a residence permit application still requires a personal visit to a Finnish embassy. The processing of the residence permit application starts only after the student has identified him/herself in person at a Finnish embassy. At the embassy, you will also be fingerprinted for a biometric residence permit card. Please note that the Aalto University does not have authority in residence permit matters. For more information on residence permit; please see the Finnish Immigration website: www.migri.fi. Information on issues regarding foreign students in Finland can also be found in www.studyinfinland. fi. See also the health insurance package for Aalto students at www.aalto.fi/en/ studies/student/for_future_students/ insurance_policy.
8.2 Accommodation
Degree students at the Aalto University are responsible for arranging their own accommodation. The Aalto University does not own student dormitories and cannot provide assistance in this matter. It is recommended that you apply for an apartment immediately upon receiving your admission letter. Student housing is provided either by the Aalto University Student Union (AYY) or the Foundation for Student Housing in the Helsinki Region (HOAS).
Note! The Aalto University School of Business does not have any funds available for supporting students in the need of financial assistance. Foreign citizens can get financial aid for studies from the Finnish government only if they have lived in Finland at least two years for purposes other than studying, and their residence in Finland is considered permanent.
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8 General Information
8 General Information
Aalto University Student Union (AYY) apartments are located in the Helsinki area. Students who have been accepted to the Aalto University and who have signed up as members of AYY and paid the membership fee can apply for AYY apartments. See www.ayy.fi/en. Foundation for Student Housing in the Helsinki Region (HOAS) offers rooms in shared apartments, apartments for families as well as studio apartments. Most student apartments consist of single rooms and shared apartments, and they have quite good public transportation to the School of Business. Many students in Finland live in shared apartments, which are cheaper and usually easier to get than private housing. A shared apartment is basically a big apartment where every student has a private room and where the kitchen and bathroom are shared. Further information: www.hoas.fi. The demand for student housing has been steadily increasing and HOAS and AYY do not have the capacity to accommodate all the students. Therefore students should be prepared to seek for accommodation from the private rental sectors too. Similar to the other European metropolises, the housing situation in the Helsinki region is challenging. Rental level is relatively high and finding affordable accommodation can be difficult especially in the beginning of the autumn term. It is usually easier to find accommodation in the spring term.
8.3 Insurance and Student Health Services
University students have their own health center, Finnish Student Health Service, which provides preventive, dental, and mental health care. The services include free medical examinations and consultations, vaccinations, maternity care, and general medical treatment. For specialists’ appointments and dental treatment a small nominal fee is charged. To receive these services the student must have a valid student ID card, which s/he gets after paying the student union membership fee. The Finnish Student Health Service system does not cover all medical costs, therefore international students are strongly recommended to have a medical insurance of their own while staying in Finland. See also the residence permit chapter for the insurance requirements for obtaining a residence permit.
8.4 Student Union AYY
The Aalto University Student Union (AYY) is the official student organization of the Aalto University. Every Bachelor’s and Master’s degree student enrolled in the Aalto University is a member of the Student Union. The purpose of AYY is to represent the students, look after their interests, and support the community of 15,000 students. AYY provides its members with a variety of services such as health care and housing. It is home to over 200 associations for activities varying from sports, music and games, all the way to events and parties. The Student Union is financed by membership fees, investments and profits from student housing. To enrol at the Aalto University you have to pay the Student Union (AYY) membership fee. The obligatory fee includes the health care fee of the Finnish Students Health Service FSHS (YTHS). Note that the FSHS fee is not an insurance policy neither does it cover hospitalization costs. The students of the School of Business may also join the Association of Economics Students in Helsinki (more information www. kyweb.fi). KY membership is free of charge.
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8 General Information
8.5 Further Information and Useful Links
Standardized Admission Tests
GMAT www.mba.com Information about taking the GMAT test in Espoo www.lgf.fi GRE www.gre.org Information about the GRE test in Helsinki www.premeria.fi
Aalto University www.aalto.fi/en Aalto University School of Business http://biz.aalto.fi/en Master’s admission at the School of Business www.aalto.fi/en/studies/admissions/biz/ masters_degree Aalto University students’ Into information portal https://into.aalto.fi/display/ enmasterbiz/Homepage Aalto University Student Union (AYY) http://ayy.fi/en Association of Economics Students in Helsinki (KY) http://kyweb.fi/en
Studying and Living in Finland
Information on studying in Finland (practical matters etc.) www.studyinfinland.fi Foundation for Student Housing in the Helsinki Region, HOAS www.hoas.fi Aalto University Student Union (AYY) housing http://ayy.fi/en/housing Student Health Services www.fshs.fi This is Finland www.finland.fi Finnish Tourist Board www.visitfinland.com Information about the Helsinki Metropolitan Area www.helsinki.fi/en City of Helsinki www.hel.fi/english Helsinki Tourism www.visithelsinki.fi/en
Residence Permit
Finnish Immigration Service www.migri.fi Ministry for Foreign Affairs formin.finland.fi/English (contact information for Finnish embassies)
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Aalto University School of Business Runeberginkatu 14-16 Helsinki
