Main application round to all specialisations

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Apply to one of our specialisations/tracks and start your international career at Hanken! We offer MSc studies in Finance, Accounting, Economics, Commercial Law, Marketing, Strategy and Management and Humanitarian Logistics

The next application period for studies starting in August 2021 opens on the 2nd of November 2020 and ends on January 15th 2021

The application procedure is the same for both international and domestic applicants.

Register in our application portal to apply, receive our newsletter and stay up to date with the main application round's process and timetables.

Applicants must fulfill all the following six requirements, the full details are presented in our application portal, please register there as a prospective applicant.

1. Bachelor's or Master's Degree from a recognised university or polytechnic

In order to be eligible for admission you must hold:
• a Finnish bachelor's degree from a university or a polytechnic OR
• an applicable foreign degree from a recognised university.

The degree must be the equivalent of 180 ECTS credits or more, i.e. it must be a degree of at least three years of full time studies. In case the degree is a double degree/triple degree/transnational degree/joint degree, all involved universities or polytechnics need to be recognised institutions in the country they are located. Hanken reserves the right to decide whether a degree and/or university meet our requirements or not. 

2. Language requirements - see details regarding Language Requirements on our homepage Enclosures and regulations

All applicants to the MSc level need to fulfill one of the following language requirements:

  • IELTS Academic: a minimum score of 6.5
  • TOEFL IBT: a minimum score of 92 (internet-based test) or 580 (paper-based test)
  • PTE Academica minimum 62
  • Cambridge: C2 Proficiency (previous name CPE): a minimum result of C1 (or C if taken when the test was called CPE)
  • Cambridge: C1 AdvancedGrade C
  • Bachelor's/Master's degree or secondary education conducted in English language in: Australia, Canada, Ireland, New Zealand, the United Kingdom or the United States (no other countries are accepted).*

*In case the degree is a double degree/triple degree/transnational degree/joint degree, at least 50 % of the degree needs to have been obtained while the student physically has been studying in the country in question in order to fulfill the language requirement.

No other English proficiency tests are accepted. These are the requirements for all applicants.


3. At least 30 ECTS in subjects relevant for the programme specialisation/track

As an applicant you must have completed at least 30 ECTS in subjects relevant for the specialisation/track; admitted students need to be able to start studies at advanced level.

NOTE! Only courses that have been obtained and are visible on the transcript of records submitted with the application will be considered when evaluating the applicant's educational background. Hanken does not evaluate the relevance of the applicant's educational background in advance. The evaluation is only done during the processing of the applications with the application and enclosures at hand.

Please note that fulfilling the amount of ECTS credits required for a specialisation does not automatically lead to admission of the applicant. It will be decided case by case whether the applicant possesses the knowledge required for studies at advanced level or not. 


4. GMAT or GRE admission test/GPA requirement - see details regarding the GMAT/GRE admissions test and GPA requirement on our homepage Enclosures and regulations

  • Group 1: Applicants applying based on a degree obtained in an EU/EEA country
    • GPA Grade B (US grading scale) / 3.0 (Finnish 1-5 grading scale) in the degree based on which they are applying OR
    • GMAT/GRE with sufficient test score (see below)
  • Group 2: Applicants applying based on a degree obtained in a country outside the EU/EEA*
    • GMAT: a minimum overall test score of 550 OR
    • GRE: In Quantitative Reasoning and Verbal Reasoning a test score of at least 150, in Analytical Writing; a test score of at least 3,5
    • *Exempted from this rule are only applicants who have conducted the degree based on which they are applying at one of Hanken’s partner universities for student exchange and whose GPA meet the GPA requirement of at least Grade B (US grading scale). See the info for Group 1 for further instructions on how to fulfill this requirement.

Note: The UK is in Group 2

5. Motivational Questionnaire

6. CV


The general eligibility of an applicant is dependent on the above-mentioned six factors. Only documents of applicants who fulfill all aspects of general eligibility are sent to the academic staff for academic evaluation and ranking.

The selection of students is based on a system of numerus clausus (restricted entry). This means that admission is granted on a competitive basis and that applicants might not be admitted even if they fulfill all the criteria for general eligibility.

The process and order

First, the administrative staff goes through the applicants' documents and applications to ensure their general eligibility. After that only documents of applicants who fulfill all the criteria for general eligibility are processed by the academic staff for academic evaluation and ranking of eligible applicants. Finally the admission committee, consisting of Hanken's deans and head of departments, write a proposal for the rector based on the comments from the academic staff's evaluations.

Selection of students and ranking of eligible applicants

The selection of students is based on whether or not the applicant meets the general eligibility requirements for studies within the Hanken Master's Degree Programme, as well as on an evaluation made by the academic representatives of each specialisation. The evaluation is based on the following criteria:

  •     The applicant's academic background (75 %) based on the scope and content of and the applicant's success in his or her previous studies  in general, in economic sciences, and with focus on the intended specialisation. GMAT or GRE score is taken into account if applicable.
  •     The applicant's suitability for Master's degree studies at Hanken (25%), based on the applicant's motivation, international profile and how the applicant would contribute to the programme specialisation

​Admission results

Hanken will notify the applicants of the admission decision via email. The results are usually published in the middle/end of March. An eletronic letter of acceptance will be sent to the admitted students. Those who are offered admission are to accept the offer within a certain amount of days, clearly stated in the letter of acceptance.

Principle of accepting one offer of admittance

In accordance with the Universities Act, an applicant may only accept one offer of admittance for a higher education degree programme, beginning during the same term in Finland. This principle applies to Bachelor's, Master's, and PhD admissions. More information can be found on the national homepage.

Request for rectification of the admissions results

If an applicant has not beed offered admission and believes that there has been an error in the decision-making process, he or she has the right to request rectification of the decision. Well-founded requests are to be made to the Rector within 14 days of the announcement of admissions results. A request for rectification cannot be sent by email.

Note: A request for rectification is NOT the same as a request for the reconsideration of an application.

The admission decision is reached after a careful, objective eval­uation of each application by both faculty and administrative staff, and is ultimately approved by the Rector of the univer­sity. The right to request for rectification of the admissions results is designed to protect applicants from being mistreated. This means that an applicant has the possibility to request for rectification if she/he is not offered admission and if there has been an error in the decision-making process. Note! The process is not a second chance at admission and only justified requests are considered.

If you wish to submit a request for rectification, do as follows:

    Write a freely formulated request directed to the Rector.
    Fill out the eletronic form for requests for rectification.
    ​Attach your freely formulated request to the electronic form as pdf-file before submitting the form online.
    Submit the eletronic form within 14 days of the announcement of admissions results.


The following changes have been made to the upcoming main admission round.

GMAT/GRE Requirement

  • Both the GMAT™ Online Exam and the GRE® General Test are accepted as an alternative to test centers. For more information, please visit (GMAT) and (GRE)
  • GMAT/GRE is required for all applicants with a degree from the United Kingdom (all applicants with a degree from outside the EU/EEA are required to take a GMAT/GRE test, for more information, please check the admission requirements)

Language requirement

Most test organisations do offer traditional test-taking at local test-centres, please check the test organisations’ websites for more information.

Required documents

  • Officially certified copies of educational documents are to be delivered as soon as possible, but no later than 1 month after the admission decision. The exact deadline will be notified to admitted students. For more information on how to deliver your documents, please see the sections Required enclosures and Country-specific requirements in the application portal.
  • You can also bring the documents yourself to the front entrance reception at Hanken (opening hours Mon-Fri 8-16)

Please note, we also accept the following electronic transcript verification services: