The ECTS Credit System - What is ECTS?
The ECTS (European Community Course Credit Transfer) system applies to all exchange students coming to Hanken, for the benefit of the students, regardless of whether they come from EU/EEA countries or not. The ECTS system was developed by the commission of the European Community in order to provide common procedures to guarantee academic recognition of studies abroad. It provides a way of measuring and comparing learning achievements and transferring them from one institution to another.
The ECTS system is based on the principle of mutual trust and confidence between the participating institutions. The few rules of ECTS, concerning Information (on courses available), Agreement (between the home and host institutions) and the Use of Credits (to indicate student workload) are set out to reinforce this mutual trust and confidence describing its courses in terms of content and in terms of number of credits each course is worth.
ECTS credits are values allocated to course units to describe the student workload required to complete them. They reflect the quantity of work each course requires in relation to the total quantity of work necessary to complete a full year of academic study at the institution. Student workload refers to the time spent at lectures, practical training, seminars, independent study and examinations or other assessment activities. ECTS credits express a relative value.
In ECTS, 60 credits normally represent the workload of an academic year of study, 30 credits that of a semester and 20 credits that of a trimester (in a three term system).
At Hanken "credit points" correspond to ECTS credits. A full year study of 60 credit points corresponds to 60 ECTS and a semester of 30 credit points corresponds to 30 ECTS. NB! Credits are awarded only when a course unit is successfully completed and the assessment requirement for each part of the course is satisfied.
Credit transfer under ECTS
The academic credits will be transferred with the help of a signed Learning Agreement containing the courses to be taken by the student as accepted by both institutions. Hanken issues the Transcript of Records upon completion of courses and provides the necessary information for credit transfer to be done at the home institution.