Studying at Hanken School of Economics in Finland can be an excellent investment in your future, especially if you’re interested in business, economics, finance, or management. While tuition fees apply to many international students, Hanken offers scholarships and tuition fee reductions to help eligible students finance their education.

This guide explains the scholarships available at Hanken School of Economics, who qualifies, how to apply, and other funding opportunities for international students.

Does Hanken School of Economics Offer Scholarships?

Yes. Hanken School of Economics offers scholarships primarily to international students who are required to pay tuition fees for English-taught bachelor’s and master’s degree programs. Scholarships may be awarded at admission for specific schemes or during a student’s studies based on academic performance.

Who Is Eligible for Hanken Scholarships?

Scholarship eligibility generally depends on your tuition fee status.

You may be eligible if you:

• Apply for an English-taught bachelor’s or master’s degree.
• Are required to pay tuition fees (typically non-EU/EEA citizens without an eligible residence permit).
• Meet the admission requirements for your chosen program.
• Apply within the scholarship application period, where applicable.

Who Does Not Pay Tuition Fees?

Under current Finnish regulations, the following groups are generally exempt from tuition fees:

• Citizens of EU/EEA countries.
• Swiss citizens.
• Exchange students.
• PhD students.
• Students studying in Swedish-language degree programs.
• Certain non-EU/EEA students who hold qualifying Finnish residence permits.

Types of Scholarships at Hanken School of Economics

1. GBSN Honor Scholarship

This is one of Hanken’s most prestigious scholarships.

Benefits

• 100% tuition fee waiver.
• Covers the full duration of the master’s degree (subject to meeting renewal requirements).

Who Can Apply?

The scholarship is available only to applicants who:

• Apply for eligible master’s programs.
• Are current students or alumni of eligible Global Business School Network (GBSN) member institutions in specified developing countries.
• Meet the scholarship’s eligibility requirements.

Renewal Requirements

Recipients generally need to:

• Complete at least 60 ECTS credits each academic year.
• Maintain the required academic performance (such as the published GPA requirement).
• Participate in limited student recruitment activities if requested.

2. Hanken Honor Waiver

This scholarship supports continuing tuition-paying students who demonstrate strong academic progress.

Scholarship Value

• 25% tuition fee waiver.

Eligibility

Students generally must:

• Be in their eligible year of study.
• Complete at least 60 ECTS credits during the previous academic year.
• Apply during the annual scholarship application period.
• Not hold another Hanken tuition scholarship for the same academic year.

3. Early Commitment Discount

Students who are not awarded an admission scholarship may still benefit from Hanken’s Early Commitment offer.

This provides a tuition fee discount for eligible students who accept their admission offer and meet the university’s published conditions within the required timeframe.

Tuition Fees at Hanken School of Economics

For students beginning studies under the current fee structure:

Degree Program	Annual Tuition Fee
Bachelor’s (English-taught)	€12,000
Master’s (English-taught)	€15,000

Fees and policies may change for future admission cycles, so applicants should always confirm the latest information before applying.

How to Apply for a Scholarship

The application process depends on the scholarship.

In general, you should:

1. Choose your preferred bachelor’s or master’s program.
2. Submit your admission application before the deadline.
3. Indicate your scholarship interest if required during the application.
4. Upload all required documents.
5. Wait for the admission and scholarship decision.

For scholarships awarded after enrollment, students must submit a separate application during the university’s scholarship application period.

Documents You May Need

Applicants may be asked to provide:

• Completed application form.
• Academic transcripts.
• Degree certificate (if applicable).
• English language proficiency results (if required).
• Passport or identification.
• Motivation letter.
• CV or résumé (for some programs).

Specific document requirements vary by program.

Scholarships for Current Students

Hanken also supports enrolled students through scholarships linked to academic progress.

To remain eligible, students are generally expected to:

• Progress through their degree within the target study period.
• Earn the required number of ECTS credits.
• Meet all scholarship conditions before the application deadline.

Other Funding Opportunities

In addition to tuition scholarships, Hanken students may have access to grants and external funding opportunities.

These can include:

• Foundation grants.
• Exchange study grants.
• Language course funding.
• Summer school grants.
• Employer sponsorship.
• Government scholarships.
• Country-specific education funding.

Current Hanken students may also apply for selected grants administered through university-affiliated funds when calls are open.

Tips for Winning a Hanken Scholarship

Competition can be strong, so consider these strategies:

• Maintain excellent academic grades.
• Submit your application well before the deadline.
• Prepare a strong motivation letter.
• Demonstrate leadership and extracurricular involvement.
• Meet all admission requirements.
• Ensure your application is complete and accurate.

Frequently Asked Questions

Does Hanken School of Economics offer full scholarships?

Yes, but full tuition scholarships are limited. For example, the GBSN Honor Scholarship provides a 100% tuition waiver for eligible master’s applicants from qualifying GBSN member institutions.

Are scholarships available for international students?

Yes. Hanken offers scholarships mainly for international students who are required to pay tuition fees for English-taught degree programs.

Do EU students receive scholarships?

EU/EEA and Swiss citizens are generally exempt from tuition fees, so the tuition scholarship scheme is primarily aimed at students who are liable to pay tuition.

Can continuing students receive scholarships?

Yes. Eligible continuing students may apply for the Hanken Honor Waiver if they meet the required academic progress and other conditions.

Does Hanken provide living expenses?

Most Hanken tuition scholarships focus on reducing or waiving tuition fees. Students are generally expected to budget separately for accommodation, food, transportation, insurance, and other living costs unless another funding source covers those expenses.

Final Thoughts

Hanken School of Economics offers valuable scholarship opportunities that can significantly reduce the cost of studying in Finland. While scholarships are competitive, students with strong academic records and complete applications have opportunities to receive tuition support through programs such as the GBSN Honor Scholarship, the Hanken Honor Waiver, and the Early Commitment tuition discount.

Before applying, carefully review the latest eligibility requirements, scholarship conditions, and application deadlines for your chosen program, as these may change from one admission cycle to the next.