Types of Scholarships

The grant types are as follows:

Research

  • Grants for conference and course participation abroad (also virtual).
  • Grants for research visits and research projects abroad.
  • Grants for other research purposes (e.g. gathering of data abroad).

Tenured Hanken academic staff as well as long-term substitutes may apply for grants for research. Please see the current call for more info. 

The maximum amount for conference and course trips within Europe is 1100 euros and for trips outside Europe 2200 euros. The Hanken Funds do not fund participation in conferences and courses taking place in Finland.

Tenured Hanken academic staff as well as long-term substitutes may apply for grants for research. Please see the current call for more info.

Further education

  • Grants for further pedagogical studies.
  • Grants for further professional education.

Tenured Hanken academic staff as well as long-term substitutes may apply for grants for further education. Please see the current call for more info.

Development of teaching

  • Grants for development of teaching material (e.g. textbooks).
  • Grants for development of teaching methods.

Tenured Hanken academic staff as well as long-term substitutes may apply for grants for teaching development. Please see the current call for more info.

Other purposes

  • In exceptional cases, grants may also be awarded for other purposes, e.g. for the purchase of literature (please note that both the purchase and the literature are administered by the library).

Tenured Hanken academic staff as well as long-term substitutes may apply for these grants. Please see the current call for more info.

Doctoral education

  • Grants for conferences, courses, tutorials or colloquiums abroad (also virtual).
  • Grants for research stays at a foreign university or research institute.
  • Grants for other purposes within doctoral studies at Hanken (e.g. gathering of data abroad).

Doctoral students admitted to the Hanken PhD Programme and who are registered as present for the academic year may apply for the grants related to doctoral education. Please see the current call for more info. 

The maximum amount for conference and course trips within Europe is 1100 euros and for trips outside Europe 2200 euros. The Hanken Scholarships do not fund participation in conferences and courses taking place in Finland.

Language courses and summer schools

  • Grants for language courses in so called Schuster countries can be applied for by students on BSc and MSc level at Hanken, as well as alumni students who have graduated from Hanken within the past three years.
  • Grants for Summer Schools in so called Schuster countries can only be applied for by students on BSc and MSc level at Hanken.

The so-called Schuster grants are intended for language studies in German, Spanish or Portuguese in countries where the language in question is generally spoken (Germany, Austria, German-speaking part of Switzerland, Spain, Portugal, Central or South America) or for Summer Schools in one of these countries. In applications for the Schuster grants, specified maximum amounts are used (see the information on the Elisabeth Schuster fund).

Please note that the Hanken Funds can only fund language courses and Summer Schools for BSc and MSc students in the countries mentioned above. Students aiming at studying in other countries are encouraged to apply for funding from external funds.

Schuster Principles

1. Language courses in a country where German, Spanish or Portuguese are generally spoken

The grants are intended for BSc and MSc students at Hanken (registered as present) or alumni who graduated from Hanken within the past three years. Students must have completed at least 6 credit points of German or Spanish at Hanken (or a minimum of 6 credit points of transferred German or Spanish studies) or should actively participate in a German or Spanish course at Hanken during the ongoing term and complete 6 credits in that language before the course takes place. Applicants who intend to study in a country where Portuguese is spoken must have completed at least 6 credit points in Spanish at Hanken (or a minimum of 6 credit points of transferred Spanish studies) or should attach a certificate of studies in Portuguese.

The following documents should be attached to the application: A study plan for the language studies abroad including information about the course organizer (should be a institution of good repute), statement of reasons why the language studies are important and how they are connected with the student's studies at Hanken, an estimate of costs, CV, and a official transcript of records.

As a rule, the following maximum amounts for language courses (not privat lessons) including traveling expenses should be stated in the application (students at the Vaasa campus will receive a 60 euro supplement if the cost estimate indicates it's relevant):

  • 3 weeks in Germany, Austria, Spain, Portugal, or German-speaking part of Switzerland: max. 1400 euros
  • 4 weeks or longer in Germany, Austria, Spain, Portugal, or German-speaking part of Switzerland: max. 1550 euros
  • 4 weeks or longer in Central or South America: max. 2300 euro

    (grants are not awarded for courses shorter than three weeks within Europe or four weeks in Central- and South America)

The same person can be granted a maximum of three scholarships from the Elisabeth Schuster's Fund for language courses/Summer Schools.

2. Summer Schools in a country where German, Spanish or Portuguese are generally spoken

Grants are awarded for Summer Schools within the field of economics and business in Schuster-countries, in first hand at Hanken's partner universities and in the second place other universities of good repute. 

The grants are intended for BSc and MSc students at Hanken (registered as present). Students must have completed at least 6 credit points of German or Spanish at Hanken (or a minimum of 6 credit points of transferred German or Spanish studies) or should actively participate in a German or Spanish course at Hanken during the ongoing term and complete 6 credits in that language before the course takes place. Applicants who intend to study in a country where Portuguese is spoken must have completed at least 6 credit points in Spanish at Hanken (or a minimum of 6 credit points of transferred Spanish studies) or should attach a certificate of studies in Portuguese.

The following documents should be attached to the application: A study plan for the studies abroad including information about the course organizer, statement of reasons why the studies are important and how they are connected with the student's studies at Hanken, an estimate of costs, CV, and a official transcript of records.

As a rule, the following maximum amounts for language courses(including traveling expenses) should be stated in the application (students at the Vaasa campus will receive a 60 euro supplement if the cost estimate indicates it's relevant):

  • 2 weeks in Germany, Austria, German-speaking part of Switzerland, Spain or Portugal: max. 1250 euros
  • 3 weeks in Germany, Austria, German-speaking part of Switzerland, Spain or Portugal: max. 1400 euros
  • 4 weeks in Germany, Austria, German-speaking part of Switzerland, Spain or Portugal: max. 1550 euros
  • 2 weeks in Central or South America: max. 2000 euros
  • 3 weeks in Central or South America: max. 2150 euros
  • 4 weeks in Central or South America: max. 2300 euros

The same person can be granted a maximum of three scholarships from the Elisabeth Schuster's Fund for language courses/Summer Schools.

3. Other purposes than those listed under items 1 and 2 above

Grants may be awarded from the fund, provided that they are tied to studies or research in German-speaking countries within disciplines represented at Hanken, or studies in German, Spanish or Portuguese in countries where the language in question is generally spoken. The purpose of a grant of this type should be to promote teaching and research within the respective field at Hanken. Grants of this type may also be awarded for participation in conferences, seminars, symposiums, etc.