Limited duration of studies
The time of right to study is limited
For students who have been admitted in 2005 or later for studies leading to the Degree of Master of Science (Economics and Business Administration), the estimated time to complete the studies within the programme and to graduate, is two years. According to the Universities Act, students have an additional two years to complete the MSc degree. The right to study for the MSc degree is restricted to a total of four years (or 8 semesters).
However, the students are also allowed to be registered as absent during an additional four semesters. Furthermore, students are also allowed to be absent because of military service, maternity leave or parental leave, without it affecting the time they have to complete their studies. For such absences, the application for extension of study entitlement is to be submitted to Hanken. Please notice that child care leave does not allow absense without affecting the time to complete the studies.
Students that do not register as either present or absent according to the instructions are removed from the student register. It is important to note that unregistered students use their study time in the same way as if they were registered as present.
A student will lose his/her right to study at Hanken if he/she does not graduate within the set time or within the extension period that might have been granted. A student also loses the right to study at Hanken if an extension of the right to study is not granted. A student who has lost his/her right to study at Hanken can apply for a new right to study. In this case the student must pay an application fee.
Extending the right to study at Hanken
If the right to study is expiring by the end of spring semester (31 July) the student should submit an application for extension of study entitlement to Hanken no later than 31 May. If the right to study is expiring by the end of the autumn semester (31 December), the application must be submitted no later than 30 November. In the application you should state the reasons for not having completed the degree within the time given. You should also enclose a study plan which lists the studies you have not yet completed.
An application for extension of the right to study can be processed in time before the original study entitlement expires only if the application is submitted by the deadline. The application should be submitted to the ServicePoint in Helsinki or to the Office of Study Affairs in Vaasa.
A student can be granted an extension of the right to study only if he/she submits a goal-oriented and realistic plan for completing the studies. An extension is always granted for a limited period of time and for complete semesters. The minimum extension time is one semester and the maximum is four semesters.
The application form contains more detailed instructions about applying for extension of the right to study.