Admission Guide 2011: WWW - Hse.fi/admissions

ADMISSION GUIDE 2011
Version 1.0 / 28.1.2011 changes possible Aalto University is created through a merger between the Helsinki School of Economics, the University of Art and Design Helsinki and the Helsinki University of Technology on the 1st of January 2010. Aalto University School of Economics is the new name of Helsinki School of Economics (HSE). Aalto University School of Economics reserves a right to make changes to the names, contents and details of the degree programs to further develop education. Admission criteria have been decided and cannot be changed. Please check the latest information in www.hse.fi/admissions
This Admission Guide contains an unofficial translation of the admission selection processes and their criteria. In the event that there is any inconsistency between this version and that written in Finnish, the official Finnish text version will prevail.
AALTO-YLIOPISTON KAUPPAKORKEAKOULU AALTO UNIVERSITY SCHOOL OF ECONOMICS
AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011
TABLE OF CONTENTS
GENERAL INFORMATION ............................................................................................................ 4 1.1 1.2 1.3 1.4 AALTO UNIVERSITY SCHOOL OF ECONOMICS TWO BUSINESS CAMPUSES .............................................. 4 ADMISSION PROCESSES USING JOINT ONLINE APPLICATION SYSTEM ....................................................... 5 ADMISSION PROCESSES USING UNIVERISTYS OWN ONLINE SYSTEM......................................................... 8 TIMETABLE FOR ADMISSIONS (HELSINKI BUSINESS CAMPUS) ................................................................... 9
2 ADMISSION TO TAKE THE BACHELORS DEGREE IN INTERNATIONAL BUSINESS AT THE MIKKELI BUSINESS CAMPUS (BSCBA) ............................................................................................. 9 2.1 2.2 2.3 2.4 2.5 2.6 ADMISSION PROCESS, DEADLINE AND MORE INFORMATION ................................................................... 10 ADMISSION GROUP I ................................................................................................................................ 11 ADMISSION GROUP II .............................................................................................................................. 13 ADMISSION GROUP III ............................................................................................................................. 14 ADMISSION GROUP IV ............................................................................................................................. 15 ADDITIONAL ADMISSION ROUND ............................................................................................................ 15
3 ADMISSION TO TAKE BOTH THE BACHELORS AND MASTERS DEGREES AT THE HELSINKI BUSINESS CAMPUS (SAT REASONING TEST) .............................................................. 16 3.1 GENERAL ELIGIBILITY TO APPLY ............................................................................................................ 16 3.2 STUDY RIGHT AND POSSIBILITIES TO STUDY IN ENGLISH ........................................................................ 16 3.3 ADMISSION PROCESS AND ADMISSION QUOTA ........................................................................................ 17 4 ADMISSION TO TAKE ONLY THE MASTERS DEGREE AT THE HELSINKI BUSINESS CAMPUS ............................................................................................................................................... 18 4.1 GENERAL INFORMATION ON THE ELIGIBILITY TO APPLY AND ON APPLYING ........................................... 18 4.2 ADMISSION PROCESS AND STUDY RIGHT................................................................................................. 19 4.3 MASTERS DEGREE PROGRAMS AND PROGRAM QUOTAS ........................................................................ 20 4.4 REQUIREMENTS FOR GENERAL ELIGIBILITY TO APPLY ADMISSION GROUPS ........................................ 21 4.4.1 Admission Group 1: Applicants having completed a Finnish lower university degree in Economics and Business Administration ..................................................................................................................... 21 4.4.2 Admission Group 2: Applicants having completed an appropriate Finnish polytechnic degree. Appropriate degrees may be tradenomi, tuotantotalouden insinri, restonomi or medianomi. ............... 21 4.4.3 Admission Group 3: Applicants having completed a Finnish university degree other than in "Economics and Business Administration" ................................................................................................. 21 4.4.4 Admission Group 4: Applicants having completed a non-Finnish university or polytechnic degree related to Economics and Business Administration .................................................................................... 22 4.5 REQUIREMENTS FOR GENERAL ELIGIBILITY - LANGUAGE REQUIREMENTS ............................................. 22 4.6 ADMISSION TO MASTERS DEGREE PROGRAMS - REQUIREMENTS SET BY THE DEGREE PROGRAMS........ 23 4.6.1 Accounting .................................................................................................................................... 23 4.6.2 Economics ..................................................................................................................................... 23 4.6.3 Entrepreneurship .......................................................................................................................... 24 4.6.4 Finance.......................................................................................................................................... 25 4.6.5 International Business................................................................................................................... 25 4.6.6 International Business Communication ........................................................................................ 26 4.6.7 Information and Service Management .......................................................................................... 26 4.6.8 Management .................................................................................................................................. 27 4.6.9 Marketing ...................................................................................................................................... 28 4.6.10 International Design Business Management ............................................................................ 28 4.6.11 Creative Sustainability ............................................................................................................. 29 4.6.12 Strategy..................................................................................................................................... 30 4.7 CHANGING THE MASTERS DEGREE PROGRAM........................................................................................ 31 4.8 TUITION FEES AND SCHOLARSHIPS .......................................................................................................... 31 4.9 ACADEMIC RECOGNITION OF STUDIES COMPLETED OUTSIDE AALTO UNIVERSITY SCHOOL OF ECONOMICS 31 4.10 SUPPLEMENTARY STUDIES.................................................................................................................. 32 4.11 REQUIRED ENCLOSURES FOR APPLICATION AND INFORMATION ON ECTS CREDITS AND GRADES ..... 33
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5 LEGAL NOTIFICATIONS ON ADMISSIONS AND STUDYING ................................................. 34 5.1 DISCLAIMER ............................................................................................................................................ 34 5.2 ONE-PLACE-PER-STUDENT PROVISION IN FINNISH HIGHER EDUCATION AND THE REQUIREMENT OF CONFIRMING THE ENROLMENT TO THE UNIVERSITY ......................................................................................... 34 5.3 DECISIONS ON THE ADMISSIONS AND CONFIRMING THE ENROLMENT AT THE AALTO UNIVERSITY SCHOOL OF ECONOMICS ...................................................................................................................................................... 35 5.4 DURATION OF STUDY RIGHT TIME FRAMES FOR TAKING THE DEGREES ............................................... 35 5.5 RIGHT OF APPEAL .................................................................................................................................... 36 5.6 VISA, RESIDENCE PERMIT AND INSURANCE ............................................................................................. 36 6 DEGREES AND DEGREE PROGRAMS ..................................................................................... 38 6.1 BACHELOR OF SCIENCE IN ECONOMICS AND BUSINESS ADMINISTRATION .............................................. 38 6.2 MASTER OF SCIENCE IN ECONOMICS AND BUSINESS ADMINISTRATION................................................... 39 7 STUDYING AT AALTO UNIVERSITY SCHOOL OF ECONOMICS ........................................... 40 7.1 7.2 7.3 7.4 7.5 8 ACADEMIC YEAR AND TEACHING METHODS ........................................................................................... 40 INTERNATIONAL STUDIES ........................................................................................................................ 40 COST OF STUDY ....................................................................................................................................... 41 ACCOMMODATION ................................................................................................................................... 41 STUDENT HEALTH SERVICES ................................................................................................................... 41
SAT REASONING TEST.............................................................................................................. 42 8.1 SAT REASONING TEST IN THE ADMISSIONS TO TAKE BOTH THE BACHELORS AND MASTERS DEGREES AT HELSINKI BUSINESS CAMPUS ............................................................................................................................ 42 8.2 REGISTRATION, TEST DATES AND LOCATIONS ........................................................................................ 43 8.3 FEES AND RESULTS.................................................................................................................................. 43 8.4 ADDITIONAL INFORMATION..................................................................................................................... 43
GRADUATE MANAGEMENT ADMISSION TEST (GMAT) ..................................................... 44 9.1 BACKGROUND ......................................................................................................................................... 44 9.2 TAKING THE TEST .................................................................................................................................... 44 9.3 GMAT IN THE ADMISSIONS TO TAKE ONLY THE MASTERS DEGREE AT THE AALTO UNIVERSITY SCHOOL OF ECONOMICS HELSINKI BUSINESS CAMPUS......................................................................................................... 44
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STATISTICS ................................................................................................................................. 46
This Admission Guide: Is meant for those who wish to apply for the Bachelor of Science or the Master of Science in Economics and Business Administration degrees at the Aalto University School of Economics and who do not know Finnish. Contains information only about the study options and admissions that are available in English. If you know Finnish, please read the Finnish Admission Guide (Valintaopas 2011), which contains all the necessary information for Finnish speaking applicants. Contains an unofficial translation of the admission selection processes and their criteria. In the event that there is any inconsistency between this version and that written in Finnish, the official Finnish text version will prevail. Includes information mainly on admissions to the Aalto University School of Economics Helsinki Campus. It also includes a brief description on admissions to the Aalto Universitys Mikkeli Campus, more detailed information can be found in Mikkelis own booklet or in www.hse.fi/mikkeli. Is available in print at the Aalto University School of Economics, lobby of the main building at Runeberginkatu 14-16, Helsinki. It is also possible to order it from the Aalto University School of Economics Office of Studies and Registrar to be mailed only outside of the metropolitan area of Helsinki.
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GENERAL INFORMATION Aalto University School of Economics Two Business Campuses
The Aalto University is created through a merger between the Helsinki School of Economics, the University of Art and Design Helsinki and the Helsinki University of Technology. The Aalto University creates a new science and art community from the three universities of technology, business studies and art and design. Merging the three universities provides possibilities for multidisciplinary and strong education and research. The goal for the new university is to be one of the leading institutions in the world in terms of research and education in its own specialized disciplines by 2020. More information: www.aalto.fi/en The Aalto University School of Economics (Aalto ECON) is the new name of the Helsinki School of Economics (HSE) which was founded in 1911. The Aalto University School of Economics engages in economics and business research and education. It is the largest institution of its kind in Finland with over 4,000 students. In 1998 the Aalto University School of Economics (former HSE) became an academic member of the Community of European Management Schools (CEMS), thus enabling some of the Masters students to obtain a CEMS MIM (Masters in International Management Program) degree besides the Aalto University School of Economics home degree. The Aalto University School of Economics has two campuses: one in the city of Helsinki and the other in the city of Mikkeli. At the Mikkeli Business Campus, the Aalto School of Economics offers a degree of Bachelor of Science in Economics and Business Administration (BScBA, a lower academic degree) with a major in the degree program of International Business. All studies for the degree are offered only in English. All courses are taught in the form of intensive three-week modules that run through the entire year. The degree can be completed in 2,5 years. As part of the degree studies students study one semester abroad. Students admitted to Mikkeli Business Campus take the Bachelors
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degree. After the degree is completed, they can apply to the Aalto School of Economics Helsinki Business Campus or elsewhere to take the Masters degree. At the Helsinki Business Campus, the Aalto School of Economics offers a degree of Bachelor of Science in Economics and Business Administration (BSc, a lower academic degree) and a degree of Master of Science in Economics and Business Administration (MSc, a higher academic degree). These degrees are available in Finnish and in English. New students start by studying towards the Bachelor of Science in Economics and Business Administration. On completion of it, they are eligible to continue studying for the Masters degree. If a new student is admitted in Masters admissions, (s)he takes only the Masters degree. If the student is admitted to take both the Bachelors and Masters degree, the Bachelors degree needs to be taken first. It is also possible to complete a Licentiate and Doctors degree at the Helsinki Business Campus the doctoral program has its own admissions procedure and guide, see www.hse.fi/doctoralprogram. The applicant may apply and also be admitted both to the Aalto School of Economics Mikkeli and the Aalto School of Economics Helsinki, but can accept only one study right. When the student has a study right at the Aalto School of Economics Helsinki Business Campus, (s)he cannot, without a separate decision, study at the Aalto School of Economics Mikkeli Campus or vice versa. Detailed information on the degrees and different kinds of admissions later on in this Admission Guide. More information on the admission process may be obtained from the two campuses of the Aalto University School of Economics: Helsinki Campus Office of Studies and Registrar Internet: www.hse.fi/admissions Email: admissions@aalto.fi Tel: + 358 9 470 38811 Fax: + 358 9 470 38888 Mikkeli Campus BScBA Degree Program Internet: www.hse.fi/mikkeli Email: bscba-mikkeli-hse@aalto.fi Tel: +358 50 438 9837 Fax: +358 15 211 334
1.2
Admission Processes Using Joint Online Application System
The joint online application system of Finnish universities has been used for studies starting in fall 2009. The system is used in so-called main admissions of the universities, thus, there may be some admissions not using it. The online application form is to be filled out in www.yliopistohaku.fi. In addition to filling out the application form, you can also search there for all degree leading education offered at the Finnish universities (Search for Education). You do not need to sign in to do that. Joint online application system is used in the following Aalto University School of Economics admissions: BScBA in Mikkeli Bachelor and Master in Helsinki (SAT Reasoning Test) The application can be filled out online at www.yliopistohaku.fi starting on March 7 , 2011. The th deadline is on April 12 , 2011 at 16:15 (4:15 p.m., GMT +2:00 hrs). Please read all instructions on screens and behind the question marks. This will help you to fill out the application.
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How to fill out the application form Option 1) The best option for you is to log in to Applicants Online Service in www.yliopistohaku.fi. Using the Applicants online service, however, requires the use of your own Finnish Internet banking codes or Finnish electronic ID-card. In addition to that, you also need to have a Finnish social security number and an email address. The Applicants online service is not available in English. By using the Applicants Online Service, you can: search for education transfer and save your preferred application options to the options basket before and during the application period transfer your application options from the options basket to the online application form during application period fill in and submit the online application during application period check and make corrections to your application during the application period update your contact details during and after application period check your admission results accept a study place You should also print out your application form for later use (in the form you can see your application number). From the form you can also see a list of the requested attachments you have to send to the universities and the correct delivery addresses. If you have applied to Finnish universities and polytechnics, you can see both application options and admission results in the system. However, in this applicant's online service, you can only accept a study place to a university. Option 2) You can also fill out the application in www.yliopistohaku.fi without logging in to the Applicants Online Service. In that case, you will have the following services available: search for education transfer your preferred application options to the options basket and the online application (the chosen options will only be available for a single session) fill out and submit the online application during application period You should also print out your application form for later use (in the form you can see your application number). From the form you can also see a list of the requested attachments you have to send to the universities and the correct delivery addresses. Should you need to get back to your application after sending it, you cannot do it online, but have to contact the National applicants service. Option 3) In case you are not able to apply through the joint online application system in www.yliopistohaku.fi, you can also apply by using a hardcopy of the joint application form. If you need the afore-mentioned paper form, you must ask the form to be sent to you during the application period from the National Applicants service. When ordering the form, you should inform all of your application options (universities and education) and your mailing address (where the form is to be sent). You need to order the form by phone so that the officer can simultaneously ensure what your application options are. Contact information for the National applicants service: tel: +358 20 690 696 (7 March 12 April 2011 at 9-15 oclock (9 am - 3 pm, GMT +2:00 hrs);
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Please notice that if you need the hardcopy of the application form, you must: contact the National Applicants service, not the School of Economics; already know your application options when ordering the hardcopy of the joint application form (your application options will generate the list of requested attachments you have to send to the universities and the correct delivery addresses those will be printed in the form for you); inform the postal address where the form is to be sent; and send back the application form during the application period (7 March 12 April, 2011 by 16:15 (4:15 p.m., GMT +2:00 hrs) to the National Applicants service (not the School of Economics). Please use mailing address: National applicants service Opetushallitus, P.O. Box 380, FI-00531 Helsinki, Finland. The correct mailing address is also mentioned in the hardcopy of the joint application form. Application period and sending the application Application joint online application considered period begins on 7 March, 2011. All applicants (no matter if you apply through the application system or send a hardcopy of the joint application form) must submit the form no later than on 12 April 2011 by 16:15 (4:15 p.m., GMT +2:00 hrs) to be for admission.
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Applications which are submitted after the application deadline are not considered, thus, please submit your application early enough. The applicant is solely responsible for meeting the application deadline, also in case the hardcopy of the joint application form is delivered by a third party, e.g. postal service. Please notice the correct mailing address if you use a hardcopy of the joint application form instead of the joint online application system. After you have filled in the application form, you will get to see it on the screen. You will send the application form by pressing the Submit the application form button. This action must be done no later than on 12 April 2011 by 16:15 (4:15 p.m., GMT +2:00 hrs) in order to send the application form on time. Please also notice that the joint online application system may not work properly during the last minutes if there are too many users. To ensure that you will be on time, please submit your application early enough. You should also print out your application form for later use (in the form you can see your application number). From the form you can also see a list of the requested attachments you have to send to the universities and the correct delivery addresses. The requested attachments must be sent to the Aalto University by the given deadlines, which may differ from the above mentioned deadline. As a rule, the documents should reach Aalto University by April 19, 2011 though other deadlines for delivering some certain documents are given. If the application does not contain the requested documents, the applicant may be removed from further consideration. About the application form In the joint online application system of Finnish universities you may get the same or similar question to be answered several times. That is because the questions depend on your application options. If you have filled out (in the hardcopy of the joint application form) more application options than allowed, only the allowed amount will be taken into account in the order of the applicants stated preference. You are not allowed to change any markings in the application form after the application period has ended.
Requested enclosures to the application Please notice that you only need to mail certain enclosures depending on your admission group. Therefore it is also important that you choose your application options correctly. All relevant enclosures of the SAT Reasoning Admission to take both the Bachelors and the Masters degrees at Helsinki Business Campus, as well as of the BScBA admission of Mikkeli Business Campus, need to be sent to the admission office of the Aalto University Admission Service, address: Aalto University Admissions Services Otakaari 1, Espoo P.O. Box 11100 FI-00076 Aalto, Finland You will see which enclosures you are required to mail after you have filled out and submitted the application in joint online application system (or received the hardcopy of the joint application form from the National applicants service for you to be filled out). You will also see the correct delivery address there.
1.3
Admission Processes Using Universitys own online system
One cannot apply in Masters Admissions via the joint online application system. The applicants for Master's degree programs should fill in an online application form at https://eage.aalto.fi. The application form is available only during the application period 3 January - 28 February 2011. After filling in the online application form, the form must be send electronically to Aalto University School of Economics. After the form has been sent electronically, it must be printed out, signed and sent to Aalto University School of Economics with the required enclosures. Note! The application including the required enclosures must be delivered to the campus in person, by another person, or sent by mail. If you mail your application documents, take care that they will be delivered by the application deadline 28 February at 16:15 (4:15 pm, GMT +2:00 hrs) and to the correct address. The mailing address for the filled Masters application form is: Aalto University School of Economics, Office of Studies and Registrar, Master's Admissions, P.O. Box 21210 (Runeberginkatu 14-16, Helsinki), FI-00076 AALTO, FINLAND. The aforementioned address is also written in the application form. The admission is based on the information given in the application form and its enclosures. The Aalto School of Economics is forced to interpret obscure or defective information in an unfavorable way as regards to the applicant. A study right already granted may be cancelled if it is revealed that the applicant has provided the School of Economics with, in any way, inaccurate, false or misleading information. The Aalto University will not consider the applications which are delivered to the School of Economics after the application deadline. The applicant is solely responsible for meeting the application deadline, also in case the application documents are delivered by a third party, e.g. postal service. The Aalto University considers that an application is delivered to the School of Economics when it physically reaches the School of Economics.
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Please see below the timetable for admissions only regarding to the School of Economics, Helsinki campus. Some important dates for admissions to the School of Economics, Mikkeli campus, are stated later in this booklet and in a separate admission guide for Mikkeli. Please note that the time in Finland is 2 hours ahead of Greenwich Mean Time (http://wwp.greenwichmeantime.com): GMT +2:00 hrs. 28 February 2011 at 16:15 hrs (4:15 GMT + 2:00 hrs) 7 March 2011 Closing date for applications in the Master's Admissions Application period open in the following admissions: - BScBA in Mikkeli - Bachelor and Master (SAT Reasoning Test) Closing date for applications in the following admissions: - BScBA in Mikkeli - Bachelor and Master (SAT Reasoning Test) First possible publication date of admission results for Masters Admissions The official SAT Reasoning test score report, sent by the test organizer, needs to reach the Aalto University School of Economics (at the latest) The last day to accept the study place for those. who were admitted in the Masters admission. If the study place is not accepted by this time, the applicant loses the right to study at the Aalto University School of Economics.* Results of the following admissions are published: - BScBA in Mikkeli - Bachelor and Master (SAT Reasoning Test) The last day to accept the study place for those who were admitted 8 July, 2011. If the study place is not accepted by this time, the applicant loses the right to study at the Aalto University School of Economics.* The term starts with the orientation to studies.
12 April 2011 at 16:15 hrs (4:15 pm, GMT + 2:00 hrs)
28 April 2011 at 9:00 hrs (9:00 am, GMT + 2 hrs) By 16 June 2011
30 June 2011 at 16:15 hrs (4:15 pm, GMT + 2:00 hrs)
8 July 2011 at 9:00 hrs (9:00 am, GMT + 2:00 hrs) 2 August 2011 at 16:15 hrs (4:15 pm, GMT + 2:00 hrs)
29 August 2011
*Note! Those admitted to the School of Economics will get instructions on how to accept the study place, when they are sent letters on their results (letter of approval).
ADMISSION TO TAKE THE BACHELORS DEGREE IN INTERNATIONAL BUSINESS AT THE MIKKELI BUSINESS CAMPUS (BSCBA)
This chapter contains only the basic information about applying to the Bachelors Degree Program in International Business (also called the BScBA degree program) offered at the Aalto School of Economics Mikkeli Campus. All applicants to the Aalto School of Economics Mikkeli Campus should carefully read more detailed information on the admission criteria of the program from the BScBA Admission Guide 2011 of the Bachelors Degree Program in International Business, Mikkeli available on the website: www.hse.fi/mikkeli.
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This unique university program brings the core of international business together with many different dimensions of teaching and learning that are both innovative and productive. By completing the Bachelors Degree Program in International Business in Mikkeli, you can earn a Bachelor of Science degree in Economics and Business Administration (BScBA). Aalto School of Economics graduates are eligible to advance to Masters and Ph.D. programs in Finland and other parts of the world. They also establish themselves in highly respected companies in Finland and around the world. The unique and innovative features of the Mikkeli Bachelors Degree Program in International Business include: A strong foundation in international business Instruction in English International faculty An opportunity to study abroad The professional development of students with essential skills needed in business life As part of the studies, students study one semester abroad. The Bachelors Degree Program in International Business has about 50 partner universities in many regions of the world. Every year also 60-80 international exchange students visit the Aalto School of Economics, Mikkeli Campus. Most courses are taught in the form of intensive three-week modules that run through the entire year. The academic year is comprised of fifteen modules. For each module, classes are scheduled for three hours a day, five days a week, for a total of 45 contact hours, which includes examinations. All students are expected to attend courses on a full-time basis year-round. There are normally three short breaks during the academic year. Because English is the language of instruction, it is essential that all participants be prepared to understand rapid, idiomatic English as spoken in lectures and group discussions. Students also are expected to be able to read English with ease and to express their thoughts clearly in spoken and written English.
2.1
Admission Process, Deadline and More Information
The Bachelors Degree Program in International Business offered at the Aalto School of Economics, Mikkeli Campus has its own unique admission process and criteria. However, the applications to the Bachelors Degree Program in International Business are sent through the joint online application system of Finnish universities. The online application form is available on the website: www.yliopistohaku.fi during the application period March 7 April 12, 2011 (by 4:15 p.m., GMT +2:00 hrs). Please note that the application form will be available only after the application period begins (March 7, 2011). There is a separate schedule for delivering the requested attachments to Aalto University by mail. Please see also chapter 1.2 in this admission guide for further information on joint application system. In the online admission system, you can find the Bachelors Degree Program in International Business, Mikkeli by selecting first Aalto University from the list of the universities, and then selecting the program from the list of programs offered by the Aalto University School of Economics. Admission Guide and other information may be obtained from: Aalto School of Economics Telephone: +358-50-438 9837 BScBA Degree Program Fax: +358-15-211 334 Mikkeli Campus Email: bscba-mikkeli-hse@aalto.fi Lnnrotinkatu 5 Internet: www.hse.fi/mikkeli FI-50100 Mikkeli, Finland
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In year 2011 80 students are accepted to the Aalto School of Economics, Mikkeli Campus, Bachelors Degree Program in International Business through a highly selective process that consists of four admission groups with specific criteria for each group. Please note that an applicant must apply via one and only one admission track and choose the appropriate admission group in the application form (online application form: www.yliopistohaku.fi) . all applicants must submit the application form (online or paper form) no later than April 12, 2011 (by 4:15 p.m., GMT +2:00 hrs) even if the required attachments can be delivered later. all applicants must submit all the requested attachments to Aalto University by the given deadlines. If the application package does not contain the requested documents, the applicant may be removed from further consideration. any substantive misrepresentation of information in an application package will void any offer of admission: if such misrepresentation is discovered after admission, it will result in immediate termination from the Aalto School of Economics, Bachelors Degree Program in International Business in Mikkeli. Applicants are notified in writing as soon as the Dean has made a decision. All applicants who submitted their completed application packets by the application deadline for a given year will be notified of the Deans decision no later than July 8, 2011. A rejected applicant cannot reapply for admission until the next academic year. In addition to the notification of acceptance you will receive a confirmation form of acceptance. Take particular care to deliver the form within the time prescribed to the higher education institution which you will be attending. Otherwise you will forfeit your study place. The confirmation form of acceptance is binding and irrevocable and it cannot be altered.
2.2
Admission Group I
45 new students are admitted via this admission track. Applicants in this admission group must have graduated from one of the following high school programs in Finland or abroad: 1) Finnish Matriculation Examination Certificate 3) International Baccalaureate Diploma 2) Reifeprfung Diploma 4) European Baccalaureate Diploma
The admission is based on: - Points earned under the high school program (e.g. matriculation exam), - Points from the full time work experience in business field, and - Points from studying abroad in a language other than Finnish. Points from the above recognized types of high school programs will be given as specified in section Matriculation exams. In addition, applicants may receive additional points from previous work experience or from studies abroad. These points will be given as specified in section Experience points. The selection of students is based on the order of each applicants total score. If there is more than one applicant with the lowest qualified total score, all of these applicants will be admitted. If an applicant is offered a study place, but declines admission, the next applicant on the reserve list of this admission group will be admitted. If less than 45 applicants are admitted via this track, the admission is completed as specified in section Additional admission round.
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Please note that o Those applicants who have received their Finnish Matriculation Examination Certificate after the year 1989 do not have to send a copy of their diploma as an attachment to the application form. The Aalto School of Economics gets this information from the universities applicant and enrolment register (HAREK). Those applicants who have not received their final Reifeprfung, IB or EB grades by April 12, 2011, should send the attachments showing their grades to Aalto University as soon as they get them, but at the latest by July 8, 2011the following schedule: All official copies of the diplomas and other relevant certificates and documents in languages other than Finnish, Swedish or English must be accompanied by a certified translation into English.
Matriculation exams The points for the applicant will be calculated as presented below. The maximum amount of points that can be earned is 42. General studies points are given as Any other exam, A-level. a) Finnish Matriculation Examination Certificate Mother tongue, mathematics and three other exams giving the best points will be taken into account. L 9 10 7 9 7 5 E 8 9 6 8 6 4 M 6 7 4 6 4 3 C 3 4 3 3 3 2 B 1 2 1 1 1 1
Mother tongue Mathematics, A-level exam Mathematics, other level English Any other exam, A-level Any other exam, other level
b) International Baccalaureate Diploma English, mathematics and three other exams giving best points will be taken into account. 7 9 7 10 8 8 5 6 8 6 9 7 7 4 5 6 4 7 5 5 2 4 3 3 4 3 4 1 3 1 1 2 1 1 1
English, higher level English, standard level Mathematics, higher level Mathematics. standard level Any other exam, higher level Any other exam, standard level c) Reifeprfung Diploma
The four mandatory exams (written and oral) and the highest language grade (average of the grades from two years) will be taken into account. 15-13 9 10 7 12,99-10 8 9 6 9,99-8 6 7 4 7,99-7 3 4 3 6,99-5 1 2 1
English Mathematics Any other exam
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d) European Baccalaureate Diploma The mandatory written exams will be taken into account. 10-9 9 10 7 8,99-8 8 9 6 7,99-7 6 7 4 6,99-6 3 4 3 5,99-5 1 2 1
English, written exam Mathematics, written exam Other written exam Experience points
An applicant in admission group I can receive points - from previous work experience from the business field and - from studying abroad with a language other than Finnish. These points serve as a means for an applicant to show related experience and motivation to study in foreign language. In order to receive these points, the applicant has to submit officially certified copies of the relevant documents showing the experience earned by April 12, 2011 together with the application form by May 13, 2011 (Note! All transcripts in languages other than Finnish or English must be accompanied by a certified translation into English.). The points for each applicant will be given as presented below. a) Work experience Only fulltime work experience earned by April 12, 2011 within the field of business that an applicant has after turning 16 years of age is considered. The points are given as presented below: Months 1-6 7-12 13-18 19b) Study abroad An applicant can receive points from fulltime studies taken after primary school (during or after high school studies) abroad in a language other than Finnish earned by April 12, 2011. The points are given as presented below: Months 1-2 3-6 7-12 13Points 0,5 1 1,5 2 Points 0,5 1 1,5 2
2.3
Admission Group II
10 new students are admitted via this admission track. Applicants in this admission group must have graduated from one of the following high school programs in Finland or abroad: 1) Finnish Matriculation Examination Certificate 3) International Baccalaureate Diploma 2) Reifeprfung Diploma 4) European Baccalaureate Diploma
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The admission is based on the test score from the SAT Reasoning Test. To be eligible, an applicant must have earned (from the same SAT Reasoning test) - a score of at least 500 points from the test module Writing, and - at least a total of 1050 points from test modules: Critical Reading and Mathematics. To be considered, a score must be submitted from a test taken after January 1, 2009. The Aalto School of Economics must receive the test score reports directly from the test organizer no later than June 16, 2011. The Aalto School of Economics code (formerly Helsinki School of Economics code) is 1700. If you give on the application form your user name and password to your collegeboard account, the Aalto School of Economics can print out your test report. If multiple test scores are provided, the highest test scores (from the same SAT Reasoning test) will be used. Even if the applicant has done the SAT Reasoning Test already earlier, the score report still has to be requested by the applicant to be sent directly to the Aalto School of Economics. For more information about the SAT Reasoning test, please refer to section 8. The selection of students in the admission group II is based on the order of each applicants total score from the two test modules Mathematics and Critical Reading. If there is more than one applicant with the same total score in place 10, the applicant with best test score from the test module Mathematics will be admitted. If there is still more than one applicant with the same score in place 10, all these applicants will be admitted. If an applicant is offered a study place, but declines admission, the next applicant on the reserve list of this admission group is admitted. If less than 10 applicants are admitted via this track, the admission is completed as specified in section Additional admission round.
2.4
Admission Group III
20 new students are admitted via this admission track. This admission group III is for the applicants who have not graduated from any of the below recognized four types of high school programs, but who can demonstrate university eligibility: 1) Finnish Matriculation Examination Certificate 3) International Baccalaureate Diploma 2) Reifeprfung Diploma 4) European Baccalaureate Diploma
The admission is based on the test score from the SAT Reasoning Test. To be eligible, an applicant must have earned (from the same SAT Reasoning test) - a score of at least 500 points from the test module Writing, and - at least a total of 1050 points from test modules: Critical Reading and Mathematics. To be considered, a score must be submitted from a test taken after January 1, 2009. The Aalto School of Economics must receive the test score reports directly from the test organizer no later than June 16, 2011. The Aalto School of Economics code (formerly Helsinki School of Economics code) is 1700. If you give on the application form your user name and password to your collegeboard account, the Aalto School of Economics can print out your test report. If multiple test scores are provided, the highest test scores (from the same SAT Reasoning test) will be used. Even if the applicant has done the SAT Reasoning Test already earlier, the score report still has to be requested by the applicant to be sent directly to the Aalto School of Economics. For more information about the SAT Reasoning test, please refer to section 8. The selection of students in the admission group III is based on the order of each applicants total score from the two test modules Mathematics and Critical Reading. If there is more than one
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applicant with the same total score in place 20, the applicant with best test score from the test module Mathematics will be admitted. If there is still more than one applicant with the same score in place 20, all these applicants will be admitted. If an applicant is offered a study place, but declines admission, the next applicant on the reserve list of this admission group is admitted. If less than 20 applicants are admitted via this track, the admission is completed as specified in section Additional admission round.
2.5
Admission Group IV
Five (5) new students are admitted via this admission track. This admission group is for applicants who 1. have earned at least 54 Open University ECTS credits equivalent to the Aalto School of Economics (former Helsinki School of Economics) business administration core courses by June 3, 2011 with a cumulative GPA equivalent to at least Good Knowledge on the Aalto School of Economics grading scale; and 2. have received passing grades for studies amounting to no less than 24 of the 54 Open University ECTS credits described above in 1) in which the language of instruction was English. The studies must be completed no later than June 3, 2011. Please notice that also applicants in this admission group must send their application form during the application period March 7 April 12, 2011 (by 4:15 p.m., GMT +2:00 hrs). The applicants have to submit to Aalto University at the latest by June 3, 2011 an official transcript to show the credits and grades earned through Open University studies in Finland. Only studies in Finnish Open University will be taken into account. Only those Open University studies in which a completed grade has been officially posted by the deadline will be considered for purposes of admission in the admission group IV. All applicants in the admission group IV are ranked according to their cumulative GPAs earned via Open University studies finished by June 3, 2011. The five (5) study places available in the admission group IV will be offered to applicants in the order of their ranking within the admission group IV. If there is more than one applicant with the lowest qualified cumulative GPA, all of these applicants will be admitted. If an applicant is offered a study place, but declines admission, the next applicant on the reserve list of this admission group is admitted. If less than five applicants are admitted via this track, the admission is completed as specified in section Additional admission round.
2.6
Additional Admission Round
If, after the admission process described above, in some admission group there are fewer eligible applicants than places available, and there are not yet 80 admitted students altogether, an additional admission round is started. In this admission round additional qualified applicants will then be admitted to make up for having fewer qualified applicants than available places. If this occurs, the applicants will be admitted according to the following process: Step 1: The qualified applicants from the admission group III will be considered. The applicants will be admitted in the order of their total scores from the two SAT Reasoning test modules Mathematics and Critical Reading.
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Step 2: If after step 1 there are not yet 80 admitted students, the qualified applicants from the admission group II will be considered. The applicants will be admitted in the order of their total scores from the two SAT Reasoning test modules Mathematics and Critical Reading. Step 3: If after step 2 there are not yet 80 admitted students, the qualified applicants from the admission group I will be considered. The applicants will be admitted in the order of their total scores. Step 4: If after step 3 there are not yet 80 admitted students, the qualified applicants from the admission group IV will be considered. The applicants will be admitted in the order of their cumulative GPA within the admission group IV. If an applicant admitted in this additional admission round declines admission, and the number of admitted students is less than 80, the next applicant on the reserve list of this additional admission round will be admitted - given that the applicant meets the minimum qualifications for the admission.
ADMISSION TO TAKE BOTH THE BACHELORS AND MASTERS DEGREES AT THE HELSINKI BUSINESS CAMPUS (SAT REASONING TEST)
For admission to take both the Bachelors and the Masters degrees at the Helsinki Business Campus (SAT Reasoning Test Admission), the joint online application system of Finnish th th universities is used. The application period begins on 7 March 2011 and ends on 12 April 2011 at 16:15 (4:15 p.m., GMT +2:00 hrs). The online application form is to be filled out in www.yliopistohaku.fi. Please see the afore-mentioned webpage and chapter 1.2 in this admission guide for further information.
3.1
General Eligibility to Apply
In order to be eligible to apply, applicants have to have finished upper secondary school and to be eligible for university-level studies in their own country. An applicant must fulfill the formal eligibility requirement for admission to the Bachelors studies as defined in the Finnish Universities Law. An applicant can show this eligibility, for example, with such secondary education which gives an applicant eligibility for university studies in the applicants own home country (e.g. Finnish Matriculation Examination Certificate, High School Diploma or its equivalent, International Baccalaureate Diploma, European Baccalaureate Diploma, Vocational College Diploma (minimum 3 years), Reifeprfung Diploma, Community College Diploma equivalent to an Associate of Arts Degree or A University or College Diploma equivalent to a Bachelors degree or higher).
3.2
Study Right and Possibilities to Study in English
It is possible to take the whole degree in English. See chapter 6 on further information for degree structures and degree programs at the Aalto University School of Economics. There are altogether seven choices for the 60 ECTS credit Bachelors major (five degree programs, out of which one has 3 fields of specialization). Out of them, there are currently three options to complete in English: a degree program in Business Technology; a degree program in Economics; and Finance a field of specialization in one of the degree programs offered. When admitted via SAT Reasoning Test, new students get a study right for both the Bachelors and the Masters degree. They start by studying towards the Bachelor of Science in Economics and Business Administration degree. The completion of the Bachelors degree according to the requirements is obligatory, no matter what the students background might be. On completion of
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that, the students can continue studying for the Masters degree. The students will choose a preferred Masters degree program when taking the Bachelors diploma.
3.3
Admission Process and Admission Quota
The selection is based on the SAT Reasoning Test score. To be considered, the SAT Reasoning Test must have been taken in January 2009 or after. SAT Reasoning Test consists of three test sections: Critical Reading, Mathematics and Writing. To be eligible to apply via SAT Reasoning Test to Aalto School of Economics Helsinki Campus, applicants must: 1) fulfill the general eligibility to apply AND 2) have a score of at least 500 in the Writing section AND 3) have a score of at least 1050 in the Mathematics and Critical Reading sections together (a minimum requirement, please also see statistics) SAT Reasoning Test is considered as a whole. Thus, the above-mentioned minimum scores need to be achieved in the same SAT Reasoning Test. Scores of the sections from several SAT Reasoning Tests cannot be combined. The admission process takes place among the applicants who fulfill the criteria for eligibility to apply mentioned above. Altogether a maximum of 38 new students with the best results will be admitted on the basis of the SAT Reasoning Test. There are two admission groups and quotas: Admission Group A 15 new students are admitted of those, who have taken one of the following high school degrees: - Finnish Matriculation Examination Certificate - International Baccalaureate Diploma - Reifeprfung Diploma - European Baccalaureate Diploma The selection of students is based on the order of the applicants total scores in the Mathematics and Critical Reading sections together. If there is more than one applicant with the same total score, the applicant with the better test score in the Mathematics section will be admitted. If the applicants points are still equal (on place 15), they will all be admitted. However, the maximum number of the students admitted cannot be any higher than 18. In such case, less than 15 would be admitted. Admission Group B 23 new students are admitted of those, who have not taken any of the above mentioned high school degrees, but fulfill the general eligibility to apply. In addition to SAT Reasoning Test score, also consideration may be used. However, the abovementioned three minimum requirements of eligibility to apply also apply to the admission group B. Consideration is based on the application form and its enclosures. The following may be taken into account: SAT Reasoning Test score of Mathematics and Critical Reading sections together applicants previous studies applicants motivation to business studies and taking the degree at the Aalto University School of Economics
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For Aalto School of Economics to assess applicants motivation, the applicant must write a short (maximum of one page) statement on why (s)he wishes to study at the Aalto School of Economics. Certified copies of relevant diplomas must also be delivered to Aalto University. Instructions on enclosures are given in the application form (see chapter 1.2). Please note that SAT Reasoning Test is only administered on certain dates, and to take it, one must be registered by a certain date as well. The registration date is extremely important. The Aalto University School of Economics expects to get the test report directly from the test organizer. For the procedure in 2011, the report is to reach us by 16 June 2011 at the latest (code to be used is 1700, former HSE code). For more information on SAT Reasoning Test, please see chapter 8 in this Admission Guide and the webpage http://www.collegeboard.com.
ADMISSION TO TAKE ONLY THE MASTERS DEGREE AT THE HELSINKI BUSINESS CAMPUS
For admission to take only the Masters Degree at Aalto University School of Economics, at the Helsinki Business Campus, the deadline for applications is February 28, 2011 at 16:15 (4:15 p.m., GMT +2:00 hrs). In Master's admissions 2011, it is possible to apply to one of the twelve degree programs taught in English: Accounting, Economics, Entrepreneurship, Finance, Information and Service Management, International Business, International Business Communication, Management, Marketing, International Design Business Management, Creative Sustainability or Strategy. The Masters degree program in Strategy is a cross-disciplinary program between Aalto University School of Economics and Aalto University School of Science and Technology. The Masters degree programs in International Design Business Management and Creative Sustainability are cross-disciplinary programs of Aalto University.
4.1
General Information on the Eligibility to Apply and on Applying
The application period for the Masters degree admissions is from January 3, 2011 until February 28, 2011. The deadline in the Masters degree admissions is on February 28, 2011 at 16:15 (4:15 pm, GMT +2:00 hrs). The deadline for GMAT results and language test results (if required) is also February 28, 2011 (4:15 pm, GMT +2:00 hrs). Applicants with an appropriate Finnish or non-Finnish university/polytechnic degree may apply directly to the Masters level degree program to take the degree of the Master of Science in Economics and Business Administration (see chapter 4.4 for requirements for general eligibility to apply and admission groups). The appropriate degrees are defined later in this Admission Guide.
An applicant, who already has a study right to take the Masters degree at the Aalto University School of Economics (former Helsinki School of Economics), is not eligible to apply for admission. For Aalto Universitys cross-disciplinary degree programs International Design Business Management, Creative Sustainability or Strategy it is possible to apply even if the applicant has a study right to take the Masters degree at the Aalto University School of Economics Helsinki campus. The possible acceptance of the place will be considered as a changing of the study program if the applicant already has chosen her/his Masters degree program.
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Applicants, who have not yet completed their degree of the admission group by February 28,2011, can also apply. If, however, the applicant is applying for admission with an incomplete degree, (s)he must make sure that the degree is completed by July 31, 2011. In other words Aalto School of Economics requires that the degree giving the eligibility to apply, must be completed by July 31, 2011. However, only studies completed by the application deadline, 28 February 2011 at 16:15, can be considered in the admission (completed meaning that the applicant is able to present a transcript or equivalent). When assessing fulfillment of the criteria for eligibility, those studies included in the applicants university degree/program will be assessed in the first place. However, in addition to the studies of the degree giving the eligibility to apply, also other studies taken at a Finnish or non-Finnish university/polytechnic may, by the decision of Aalto University School of Economics, be taken into consideration. However, only studies completed by the application deadline, 28 February 2011 at 16:15, can be considered (completed meaning that the applicant is able to present a transcript or equivalent). Note: The definitions for a credit i.e. old Finnish/Aalto credit and ECTS credit are as follows. One credit i.e. old Finnish/Aalto credit (opintoviikko) is equivalent to the input of 40 hours of work by the student (contact hours, lectures, exercises, seminars, and the students independent work at home, in the library, etc.), and one old Finnish/Aalto credit corresponds to 1.5 ECTS credits, ECTS = European Credit Transfer System (opintopiste). Only ECTS credits are used in measuring the extent of the studies. If the studies of the applicant are only measured in old Finnish/Aalto credits, Aalto School of Economics converts them into ECTS credits using the factor 1.5. If studies are measured both in old Aalto/Finnish credits and in ECTS credits, the latter system will be taken into account. If the studies have been completed abroad and are measured neither in old Finnish/Aalto credits nor in ECTS credits, they need to be converted into ECTS credits. See more information on the ECTS in: http://ec.europa.eu/education/lifelong-learning-policy/doc48_en.htm. If the applicant is required to take the Graduate Management Admission Test (GMAT), Aalto University School of Economics expects to get the Official Score Report straight from the test organization by mail. The Aalto University School of Economics (former HSE) GMAT code is C1N0J-83 ("MSc Degree Programs"). For GMAT result the unofficial score report, if got from the test organization, is enough by the delivery deadline February 28, 2011 at 16:15, but the Official Score Report must come later directly from the test organization. Though an applicant has applied in the Masters admissions for a Masters degree program, there still remain options to apply also: Via SAT Reasoning Test to study for both the Bachelors and the Masters degrees at Aalto University School of Economics Helsinki Business Campus. However, if admitted via SAT Reasoning Test, taking the Bachelors degree at first is obligatory. To study for the Bachelors degree (BScBA) at Aalto University School of Economics Mikkeli Business Campus
4.2
Admission Process and Study Right
In the Masters admissions, applicants apply directly to a Masters degree program. In Master's admissions 2011, it is possible to apply to only one of the twelve degree programs taught in English: Accounting, Economics, Entrepreneurship, Finance, Information and Service Management, International Business, International Business Communication, Management, Marketing, International Design Business Management, Creative Sustainability or Strategy. The applicants for master's degree programs should fill in an online application form at https://eage.aalto.fi. The application form is available only during the application period 3 January - 28 February 2011. After filling in the online application form, the form must be send
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electronically to Aalto University School of Economics. After the form has been sent electronically, it must be printed out, signed and sent to Aalto University School of Economics with the required enclosures. The admission is based on the information given in the application form and its enclosures. Aalto University School of Economics is forced to interpret obscure or defective information in an unfavorable way as regards to the applicant. Applicants who meet the requirements for general eligibility to apply are evaluated and ranked in the Masters degree programs. The evaluation is made as defined by the degree program. The possible degree program related requirements and the principles for evaluation are defined later in this document. An applicant who is admitted to Aalto University School of Economics in Master's admissions will only be granted a study right 1) only for the Masters degree, 2) only to a particular degree program and 3) only for Aalto University School of Economics Helsinki campus. When the student has a study right at the Helsinki campus, (s)he cannot, without a separate decision, study at the Mikkeli campus.If the student declines admission or does not confirm the acceptance of taking the offered study right by the deadline given for that or has not gained eligibility to be admitted by completing their degree of the admission group by the deadline given, (s)he loses the study right. No other applicant is admitted instead, i.e. there is no waiting list system and it is not possible to queue in the MSc admissions. The decision on admissions is conditional a study right already granted may be cancelled if it is revealed that the applicant has provided Aalto University School of Economics with, in any way, inaccurate, false or misleading information (in the application form, its enclosures or in any other way).
4.3
Masters Degree Programs and Program Quotas
In the 2011 admissions, a maximum of 269 students can be admitted, 247 of which to programs offered in English. Both international and Finnish students may apply. The maximum numbers of new students that can be admitted to the respective program are stated below. The degree programs that can be completed in English: Accounting 15 Economics 20 Entrepreneurship 24 Finance 6 Information and Service Management (ISM) 40 International Business 35 International Business Communication 23 Management 25 Marketing 20 International Design Business Management 12* Creative Sustainability 12* Strategy 15* Quota in total (programs offered in English) 247 * This quota includes also the internal applicants from Aalto University School of Economics In case the maximum quota of the MSc degree program in question is not met, the remaining places will not be occupied by applicants of other admission groups.
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___________________________________________________________________________ 4.4 Requirements for General Eligibility to Apply Admission Groups
The applicant must meet the criteria of the admission group in which (s)he is applying. The applicant may apply in one admission group only. If the applicant meets the criteria in several admission groups, (s)he must decide in which group (s)he applies. There are four general admission groups as stated below. The applicant must belong to one of these groups in order to apply in the Masters admissions:
4.4.1 Admission Group 1: Applicants having completed a Finnish lower university degree in Economics and Business Administration
It is possible to apply in this admission group, when the following prerequisites are met: 1) The above mentioned degree must be completed by July 31, 2011. 2) When applying for admission to degree program in Accounting, Finance Marketing, Creative Sustainability or Strategy, the applicant must have taken the Graduate Management Admission Test (GMAT) and obtained at least a minimum score of 550 (Total Score). When applying for other degree programs that can be completed in English, the GMAT Test is not compulsory but the test result may be taken into account in the admission. GMAT requirements and scoring are described in more detail under the degree program requirements. An applicant with a Finnish higher university degree in Economics and Business Administration (Master of Science in Economics and Business Administration) is not eligible to apply.
4.4.2 Admission Group 2: Applicants having completed an appropriate Finnish polytechnic degree. Appropriate degrees may be tradenomi, tuotantotalouden insinri, restonomi or medianomi.
Applicants having completed an appropriate Finnish polytechnic degree (tradenomi, tuotantotalouden insinri, restonomi or medianomi) can apply in this admission group, when the following prerequisites are met: 1) The above mentioned degree must be completed by July 31, 2011. 2) The applicant has completed in the following subjects, or subjects that the Aalto University School of Economics considers to be corresponding, altogether at least 36 ECTS credits: Management, Quantitative Methods of Economics and Management Science, Accounting, Marketing, Economics, Business Law, Finance, Logistics, or Business Communication; so that the applicant has completed courses in at least three of those subjects. Thesis works or internships cannot be included in the credits. 3) When applying for admission to degree program in Accounting, Finance, International Business, Marketing, Creative Sustainability or Strategy, the applicant must have taken the Graduate Management Admission Test (GMAT) and obtained at least a minimum score of 550 (Total Score). When applying for other degree programs that can be completed in English, the GMAT Test is not compulsory but the test result may be taken into account in the admission. GMAT requirements and scoring are described in more detail under the degree program requirements.
4.4.3 Admission Group 3: Applicants having completed a Finnish university degree other than in "Economics and Business Administration"
Applicants having completed a Finnish Bachelors or Masters degree in a field other than in "Economics and Business Administration" can apply in this admission group, when the following prerequisites are met: 1) The above mentioned degree must be completed by July 31, 2011. 2) The applicant has completed in the following subjects, or subjects that the Aalto University School of Economics considers to be corresponding, altogether at least 36 ECTS credits:
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Management, Quantitative Methods of Economics and Management Science, Accounting, Marketing, Economics, Business Law, Finance, Logistics, or Business Communication; so that the applicant has completed courses in at least three of those subjects. Thesis works or internships cannot be included in the credits. 3) When applying for admission to degree program in Accounting, Finance, International Business, Marketing, Creative Sustainability or Strategy, the applicant must have taken the Graduate Management Admission Test (GMAT) and obtained at least a minimum score of 550 (Total Score). When applying for other degree programs that can be completed in English, the GMAT Test is not compulsory but the test result may be taken into account in the admission. GMAT requirements and scoring are described in more detail under the degree program requirements.
4.4.4 Admission Group 4: Applicants having completed a non-Finnish university or polytechnic degree related to Economics and Business Administration
Applicants who have completed a non-Finnish university or polytechnic degree in the field of Economics and Business Administration that makes one eligible for corresponding university studies in the country in question can apply in this admission group. An applicable degree may also be a university-level BBA-program or internationally accredited universitylevel MBA-program. The following prerequisites have to be met: 1) The above mentioned degree must be completed by July 31, 2011. 2) The applicant has completed in the following subjects, or subjects that the Aalto University School of Economics considers to be corresponding, altogether at least 60 ECTS credits Management, Quantitative Methods of Economics and Management Science, Accounting, Marketing, Economics, Business Law, Finance, Logistics, or Business Communication; so that the applicant has completed courses in at least three of those subjects. Thesis works or internships cannot be included in the credits. 3) When applying for admission to degree program in Accounting, Finance, International Business, Marketing, Creative Sustainability or Strategy, the applicant must have taken the Graduate Management Admission Test (GMAT) and obtained at least a minimum score of 550 (Total Score). When applying for other degree programs that can be completed in English, the GMAT Test is not compulsory but the test result may be taken into account in the admission. GMAT requirements and scoring are described in more detail under the degree program requirements.
4.5
Requirements for General Eligibility - Language Requirements
When applying to English degree programs, a language certificate is needed. Only the following test results and levels are accepted: IELTS, result 6.5 Toefl iBT, result 92 (Toefl PBT 580, Toefl CBT 236) Cambridge Certificate in Advanced English (CAE) or Cambridge Certificate of Proficiency in English (CPE), grade A, B or C IELTS and Toefl certificates are valid for two years, thus the oldest test result which is acceptable in the Masters admissions of 2011 is the result dated on 28 February 2009. CAE and CPE are valid forever, thus there are no restrictions for the oldest date in them. Please note that the GMAT test is not a language test. Thus, if a language test is required of the applicant, it cannot be replaced with the GMAT test. A language test is not needed only in the following cases: The applicant has completed a degree in Finnish, Swedish or English at a university or a polytechnic located in Finland. The applicant has completed a degree in English at a university or a polytechnic located in the EU or EEA (European Economic Area) country. The language of education being
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English has to be stated in the diploma, its enclosure, transcript or a separate official document given by the university or the polytechnic. The applicant has completed a degree in English at a university or a polytechnic located in the USA, Canada, Great Britain, Ireland, Australia or New Zealand.
When applying to Finnish degree programs, the applicant needs to have adequate skills in Finnish. This will be confirmed with an interview if needed. This Admission Guide does not include admission criteria of education, which is organized in Finnish.
4.6
Admission to Masters Degree Programs - Requirements Set by the Degree Programs
Note: This chapter includes requirements of only those degree programs that can be completed in English. The Finnish Valintaopas 2011 includes the requirements of both the degree programs that can be completed in English and of those that cannot. When the applicant meets the requirements for general eligibility to apply (chapter 4.4) and the requirement for general eligibility to apply related to studying in English (chapter 4.5), the applications are evaluated and the applicants are ranked in the Masters degree programs. To be considered for admission for the particular Masters degree program, the applicant needs to meet the possible degree program related requirements set by the degree program. After that, the evaluation is made as defined by the degree program. The possible degree program related requirements and the principles for evaluation are defined below.
4.6.1 Accounting
The applicants must have taken the Graduate Management Admission Test (GMAT) and obtained a minimum score of at least 550 (Total Score). In addition, the applicant must have completed at least 30 ECTS credits of studies in Accounting and/or closely related subjects. The studies must include: a minimum of two courses (at least 12 ECTS credits in total) in financial accounting, and a minimum of two courses (at least 12 ECTS credits in total) in management accounting, and a minimum of one course (6 ECTS credits in total) in financial accounting, management accounting, corporate finance, or business law. Applicants are ranked on the basis of their GMAT score (Total Score). In a case of a tie, the applicants are ranked on the basis of the number of credits and the grades of studies in Accounting. The applicants are not interviewed.
4.6.2 Economics
Those applicants having already completed a Finnish MSc degree (higher academic degree) with the major subject in Economics or an equivalent non-Finnish degree or program with the major subject in Economics (higher academic degree) are not eligible to apply to the MSc degree program in Economics. To be considered for admission, the applicant must have completed at least 24 ECTS credits of such studies that give the applicant the ability to start the advanced studies in the Masters degree program of Economics. Those studies can include appropriate methodological studies and Economics studies which equal at least the intermediate level of Aalto University School of Economics Economics courses. The thesis works or internships cannot be included in the credits. The applicants previous methodological studies and studies in Economics, giving the
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ability to start the advanced studies, are assessed by a representative of the degree program. However, to be considered for admission, the previous studies always need to include intermediate level courses in Microeconomics, Macroeconomics, Econometrics and in Mathematical Methods of Economics OR adequate enough studies concerning the methodological studies used in advanced Economics studies. When the above mentioned prerequisites are fulfilled, the applicants are ranked on the basis of the previous studies giving the ability to start the advanced studies in the degree program of Economics, the grades in them (criteria 1-2), GMAT test result and motivation letter (total max 20 points): 1) Points are given for the previous studies giving the ability to start the advanced studies as follows: 5 points: 60 ECTS credits or more; 4 points: 48-59 ECTS credits; 3 points: 36-47 ECTS credits; 2 points 24-35 ECTS credits. Not eligible for admissions, if less than 24 ECTS credits. 2) Points are given for the weighted GPA of the courses taken into account in the above criterion 1 as follows: 5 points Excellent; 4 points Very good; 3 points Good; 0 points satisfactory or Sufficient, not eligible for admission if weighted GPA is less than good. 3) Points are given for the GMAT test result (Total Score) as follows: - GMAT test result 600 or more = 5 points - GMAT test result 550 590 = 3 points - No GMAT or GMAT test result under 550 = 0 points 4) Applicants motivation (0-5 points): applicant must show his/her motivation for studying by writing a letter of motivation. The letter must be written in the eAge electronic application system and the maximum length of the letter is 4000 characters. The motivation letter should answer at least the following questions: Why am I applying for admission to this particular study program? What interests me in the degree program in Economics? What are my abilities to study Economics? Why should I be admitted? The applicants are ranked on the basis of the total score gained in criteria 1-4. In a case of a tie, the applicants are ranked on the basis of GPA evaluated in criterion 2. The applicants are not interviewed.
4.6.3 Entrepreneurship
To be considered for admission, the applicants motivation needs to be at least good. The applicants are ranked on the basis of the following criteria (total max 15 points): 1) Experience and competence in entrepreneurship and/or potential in innovations: Scale: 3 points if excellent experience/competence/potential; 2 points if good experience/competence/potential; 1 point if little experience/competence/potential; 0 points if no experience/competence/potential 2) Motivation to study (motivation letter, open university, further education training): Scale: 3 points if excellent motivation to study; 2 points if good motivation to study. Not eligible for admissions, if little motivation to study (1 point). The letter must be written in the eAge electronic application system and the maximum length of the letter is 4000 characters. The motivation letter should answer at least the following questions: Why am I applying for admission to this particular study program? What interests me in the degree program in Entrepreneurship? What are my abilities to study Entrepreneurship? Why should I be admitted? 3) Suitability of the previous credits for the degree program of Entrepreneurship: Scale: 3 points if excellent suitability; 2 points if good suitability; 1 point if little suitability 4) International studies and experience: Scale: 3 points if excellent international studies and experience; 2 points if good international studies and experience; 1 point if little international studies and experience 5) GMAT test result (Total Score):
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- Scale: over 600 points = 3 points, 560-600 points = 2 points; 500-550 points = 1 point, no GMAT or GMAT test result under 500 = 0 points The applicants are interviewed, if there are more eligible applicants than there is quota. The applicants are ranked on the basis of the total score gained in criteria 1-5. Additionally, the possible interview is taken into account.
4.6.4 Finance
To be considered for admission the applicants must have taken the Graduate Management Admission Test (GMAT) and obtained a minimum score of at least 550 (Total Score). The applicants are ranked on the basis of the GMAT result (Total Score). In a case of a tie, the applicants are ranked on the basis of the score in the quantitative section of the test. There are no other absolute program related requirements for the applicants. The admitted students are recommended to gain the knowledge equivalent to the Aalto University School of Economics minor studies in Finance in a way of their choice. The applicants are not interviewed.
4.6.5 International Business

To be considered for admission, the applicant must have completed at least 24 ECTS credits of such studies that give the applicant the ability to start the advanced studies in the Masters degree program of International Business. Thesis works or internships cannot be included in the credits. Previous studies/credits the applicant has completed in the core area of the degree program, giving the ability to start the advanced studies, are assessed by a representative of the degree program. Credits completed in the following fields or fields that the Aalto University School of Economics considers to be corresponding may be considered: International Business, Marketing and Management. Additionally, the weighted Grade Point Average (GPA) of those courses taken into account needs be at least very good. Applicants applying in admission group 2, 3 and 4 must have taken the Graduate Management Admission Test (GMAT) and obtained at least a minimum score of 550 (Total Score). The applicants are ranked on the basis of the following criteria (total max 18 points): 1) Points are given for the previous studies in the fields specified above as follows: 5 points: 60 ECTS credits or more; 3 points: 48-59 ECTS credits; 2 points: 36-47 ECTS credits; 1 point 24-35 ECTS credits. Not eligible for admissions, if less than 24 ECTS credits. 2) Points are also given for the weighted GPA of the courses taken into account in the above criterion as follows: - 5 points Excellent (equivalent to grade 5 on a scale of 1-5) - 3 points Very good (equivalent to grade 4 on a scale of 1-5) - Not eligible for admissions, if GPA of the courses is less than Very good. 3) Applicants motivation: A letter of motivation is used to assess the applicants enthusiasm to study International Business at Aalto University School of Economics. The letter of motivation is evaluated as follows: 5 points Excellent; 3 points Good; 1 point Satisfactory. The motivation letter should answer at least the following questions: Why am I applying for admission to this particular study program? What interests me in the degree program in International Business? What are my abilities to study International Business? Why should I be admitted? 4) Graduate Management Admission Test (GMAT) score (Total Score): GMAT test result 650 or over = 3 points, 600-640 = 1 point. Applicants applying in admission group 2, 3 and 4 must have obtained at least a minimum score of 550 (Total Score) to be eligible to apply.
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The applicants are ranked on the basis of the total score gained in criteria 1-4. In a case of a tie, the applicants are ranked based on their GMAT score (in the case that the GMAT test has been required of all of the tied applicants). Applicants are then ranked primarily on the letter of motivation and secondarily on their grades. The applicants are not interviewed.
4.6.6 International Business Communication

The applicants are ranked on the basis of the following criteria (total max 24 points): 1) Applicants academic excellence: previous studies will be evaluated and scored as follows (max 6 points): - Excellent (equivalent to grade 5 on a scale of 1-5) = 6 points - Very good (equivalent to grade 4 on a scale of 1-5) = 4 points 2) Applicants motivation (max 6 points): Applicant must show his/her motivation for studying in the IBC program by writing a letter of motivation. The motivation letter is evaluated and scored from 0 to 6 points. The letter must be written in the eAge electronic application system and the maximum length of the letter is 4000 characters. The letter should answer the at least the following questions: Why am I applying for admission to this particular study program? Why should I be admitted? What interests me in International Business Communication and Management of Communication? What phenomenon in International Business Communication would I find relevant and interesting as a research topic. 3) Applicants work experience in duties of business communication (max 6 points): Less than 3 years = max 3 points, over 3 years = max 6 points. Both the quality and the length of the duties will be evaluated. 4) Graduate Management Admission Test (GMAT) score (Total Score): GMAT test result 600 or over = 6 points, GMAT test result 550-590 = 3 points, no GMAT or GMAT test result under 550 = 0 points. The applicants are ranked on the basis of the total score gained in criteria 1-4. In a case of a tie, the applicants are first ranked on the basis of criterion 2, after that on the basis of criterion 1 and thirdly on the basis of criterion 3. The applicants are not interviewed.
4.6.7 Information and Service Management

To be considered for admission, the applicant must have completed at least 24 ECTS credits of such studies that give the applicant the ability to start the advanced studies in the Masters degree program of Information and Service Management. Thesis works or internships cannot be included in the credits. The previous credits in the core area of the degree program, giving the ability to start the advanced studies, are assessed by a representative of the degree program. The credits completed in the following subjects, or subjects that the Aalto University School of Economics considers to be corresponding, may be considered: Logistics, Management Science, Information Systems Science, Technology Management, Business Mathematics and Statistics. Additionally, the weighted Grade Point Average (GPA) of those courses taken into account must be at least good. The applicants are ranked on the basis of the following criteria (total max 24 points): 1) Points are given for the previous studies giving the ability to start the advanced studies as follows: 6 points: 60 ECTS credits or more; 5 points: 48-59 ECTS credits; 4 points: 36-47 ECTS credits; 3 points 24-35 ECTS credits. Not eligible for admissions, if less than 24 ECTS credits. 2) Points are given for the weighted GPA of the courses taken into account in the above criterion 1 as follows: 12 points Excellent; 8 points Very good.
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3) GMAT test result (Total Score): 600 points or over = 6 points, 550-590 points = 3 points, No GMAT or GMAT test result under 550 = 0 points. The applicants are ranked on the basis of the total score gained in criteria 1-3. In a case of a tie, the applicants are ranked firstly on the basis of GPA evaluated in criterion 2, secondly on the basis of the amount of the previous studies in the core area of the degree program, and thirdly on the basis of the GMAT test result. The applicants are not interviewed
4.6.8 Management
To be considered for admission, the applicant must have completed at least 24 ECTS credits of studies that give the applicant the ability to begin advanced studies in the Masters degree program of Management. Thesis works or internships cannot be included in the credits. Previous credits in the core area of the degree program, giving the ability to begin advanced studies, are assessed by a representative of the degree program. The weighted Grade Point Average (GPA) of those courses taken into account must be at least good. Additionally, the applicant must write a motivation letter and discuss what topic the applicant would find as relevant and interesting as a research topic for Masters Thesis. The applicants are ranked on the basis of the following criteria (total max 45 points): 1) Previous studies (max 11 points): a) Points are given for the previous studies giving the ability to start the advanced studies in Management as follows: 7 points for 45 ECTS credits or more; 5 points for 37-45 ECTS credits; 3 points for 31-36 ECTS credits; 1 point for 24-30 ECTS credits; Not eligible for admissions, if less than 24 ECTS credits. b) In addition, points can be given for other studies that support the studies in the field of organization and management (for example sociology, social psychology, psychology, educational science or social sciences). The relevancy of these studies is assessed by a representative of the degree program. If the applicant has completed at least 24 ECTS credits of these studies, 4 points can be given. If the applicant has less than 24 ECTS credits of these studies, no points are given. 2) Points are also given for the weighted GPA of the courses taken into account in the above criterion 1a as follows: 7 points for Excellent; 5 points for Very good; 3 points for good. Not eligible for admissions, if GPA of the courses is less than good. 3) Motivation letter: motives for learning (max 7 points): An applicant must show his/her motivation for studying in the Management program by writing a letter of motivation. The motivation letter is evaluated and scored from 0 to 7 points. The letter should discuss the applicants motives for learning exactly what the program studies can offer. Points are given for how the described motives match with the learning possibilities offered by the program as follows, 7 points excellent; 5 points good; 3 points satisfactory; 1 point sufficient. 4) The applicant describes in his/her motivation letter as a thought experiment the possible topic for his/her Masters Thesis (max 14 points). Points are give as follows: a) The suitability of the planned Thesis topic in the current research field of the degree program in Management: 7 points excellent suitability; 5 points good suitability; 3 points satisfactory suitability; 0 points sufficient suitability. b) The suitability of the planned Thesis topic in the supervision possibilities of the degree program in Management: 7 points excellent suitability; 5 points good suitability; 3 points satisfactory suitability; 0 points sufficient suitability. 5) Graduate Management Admission Test (GMAT) score (Total Score): GMAT test result 600 or over = 6 points, GMAT test result 550-590 = 3 points, no GMAT or GMAT test result under 550 = 0 points.
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The applicants are ranked on the basis of the total score gained in criteria 1-5. In a case of a tie, the applicants are primarily ranked on the basis of criterion 3, secondly on the basis of criterion 4, thirdly on the basis of the criterion 2 and after that on the basis of the criterion 1. The applicants are lastly ranked on the basis of the GMAT test score. The applicants are not interviewed. Those applicants having already completed a Finnish MSc degree (higher academic degree) with the major subject in Management or an equivalent non-Finnish degree or program with the major subject in Management (higher academic degree) are not eligible to apply to the MSc degree program in Management.
4.6.9 Marketing
To be considered for admission, the applicant must have completed at least 24 ECTS credits of studies that give the applicant the ability to begin advanced studies in the Masters degree program of Marketing. Thesis works or internships cannot be included in the credits. Previous credits in the core area of the degree program, giving the ability to begin advanced studies, are assessed by a representative of the degree program. In addition to studies on marketing, the required studies may also include a maximum of 6 ECTS credits of studies in the following subjects or subjects that the Aalto University School of Economics considers to be corresponding subjects: Management, Retail and Channel Management, International Business, and Entrepreneurship. Additionally, the weighted Grade Point Average (GPA) of those courses taken into account must be at least good. To be considered for admission the applicants must have taken the Graduate Management Admission Test (GMAT) and obtained a minimum score of at least 550 (Total Score). The applicants are ranked on the basis of the following criteria (total max 16 points): 1) Points are given for the previous credits in the core area of the degree program as follows: 5 points: 80 ECTS credits or more; 4 points: 64-79 ECTS credits; 3 points: 48-63 ECTS credits; 2 points 32-47 ECTS credits, 1 point 24-31 ECTS credits. Not eligible for admissions, if less than 24 ECTS credits. 2) Points are given for the weighted GPA of the courses taken into account in the above criterion 1 as follows: 5 points Excellent; 4 points Very good; 3 points Good. Not eligible for admissions, if GPA of those courses is less than Good. 3) Graduate Management Admission Test (GMAT) score (Total Score): GMAT test result 600 or over = 6 points, GMAT test result 550-590 = 3 points. Applicants must have obtained at least a minimum score of 550 (Total Score) to be eligible to apply. The applicants are ranked on the basis of the total score gained in criteria 1-3. In a case of a tie, the applicants are primarily ranked on the basis of GPA evaluated in criterion 2 and after that on the basis of the criterion 1. The applicants are not interviewed.
4.6.10 International Design Business Management

The applicants are ranked in two phases on the basis of the following criteria (max 12 points): Phase I 1) Motivation (max 4 points) Applicant must show his/her motivation for studying in the IDBM program by writing a letter of motivation. The letter should be written in the eAge online application system (max. 4000 characters) and it should answer at least the following questions: o Why am I applying for admission to this particular degree program? o Why should I be admitted? o What interests me in the International Design Business Management program?
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The motivation letter is evaluated and scored using a scale of 0-4 in which 4 points = excellent motivation and 0 point = minor motivation. 2) Academic Excellence/ Portfolio (max 4 points) Applicants grades from studies completed and of which the applicant has provided the appropriate documents and/ or portfolio by the end of application period will be evaluated and scored as follows: Academic excellence: Excellent =4 points, less than Good = 0 points; Portfolio: Sufficiently Acceptable, Non-Acceptable. 3) Professional Experience (max 4 points) Applicants professional experience is looked at broadly and is considered to include work experience relevant to the IDBM program as well as experience in scientific and artistic work, entrepreneurship and /or other relevant civic activity. Professional experience will be evaluated based on the CV (max 4 points). Phase II Based on the total scores of phase I the best applicants are interviewed. The number of applicants invited to the interview is double the amount of the quota. The applicants practical skills and ability to communicate in English are evaluated and the applicants are required to give a short oral presentation in English on a subject given when invited to the interview. The interviews will take place during week 13-14 and they will be recorded. The final acceptance of applicants will be made on the basis of the interviews. The student can be admitted only for one Masters Degree Program in International Design Business Management program. The applicants practical skills and ability to communicate in English are evaluated and the applicants are required to give a short oral presentation in English on a subject given.
4.6.11 Creative Sustainability

An applicants eligibility will be always checked according to the criteria of the School through which the applicant is applying (such as required minimum score of language test, required background education, required attachments). The applicants are ranked in two phases on the basis of the following criteria: An applicant can apply for CS program through more than one School. In this case an applicant should deliver appropriate application package to each School. Such an applicant, however, can be selected only through one School. To be considered for admission, the applicant must have completed at least 48 ECTS credits of such studies in business administration, economics, other social science disciplines and law that give the applicant the ability to start the advanced studies in the Masters degree program of Creative Sustainability. Thesis works or internships cannot be included in the credits. The previous credits in the core area of the degree program, giving the ability to start the advanced studies, are assessed by a representative of the degree program. In addition, the applicant must have a GMAT score of 550 points or more. The applicants are ranked in two phases on the basis of the following criteria (max 28 points): Phase I 1) The relevance of prior studies for masters level studies within the specialization on corporate sustainability: over 90 ECTS 7 points, 75-89 ETCS 5 points, 60-74 ETCS 3 points, 48-59 ETCS 1 point. (max 7 points) 2) Academic performance. Points are given for the weighted GPA of the courses taken into account in the above criterion 1 as follows: 7 points Excellent; 5 points Very good; 3 points Good; 2 points Satisfactory; 1 point Sufficient. (max 7 points)
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3) Motivation and suitability evaluated on the basis of a motivation letter. (max 7 points) Applicant must show his/her motivation for studying in the CS program by writing a letter of motivation. The letter should be written in the eAge online application system (max. 4000 characters) and it should answer at least the following questions: o Why am I applying for CS program? o Why should I be admitted? o What interests me in CS program? 4) Professional activity, considered from a wide perspective, related to work experience, research activity, acting as an entrepreneur, responsible organizer in non-governmental organizations or artistic activity. Evidence provided in a CV and/or portfolio. (max 7 points) The applicants are ranked on the basis of the total score gained in criteria 1-4. In a case of a tie, the applicants are first ranked on the basis of criterion 2, after that on the basis of criterion 3, thirdly on the basis of criterion 1 and finally on the basis of the criterion 4. Phase II Based on the total scores of phase I the best applicants are interviewed. The number of applicants invited to the interview is double the amount of the quota allocated to the School of Economics. To be invited for the interview, the student must have gained at least 20 points in phase I. The interview panel will assess the practical ability of the applicant to communicate and undertake the program. The interviews will take place during week 13-14 and they will be recorded. The final acceptance of applicants will be made on the basis of the interviews. At least 4 applicants who fulfill the degree program related requirements will be admitted.
4.6.12 Strategy
To be considered for admission, the applicant must have completed at least 24 ECTS credits of such studies that give the applicant the ability to start the advanced studies in the Masters degree program of Strategy. Thesis works or internships cannot be included in the credits. The previous credits in the core area of the degree program, giving the ability to start the advanced studies, are assessed by a representative of the degree program. The credits completed in the following subjects, or subjects that the Aalto University School of Economics considers to be corresponding, may be considered: Marketing, Management, Logistics and Information System Science. To be considered for admission, the applicants motivation needs to be at least good. The applicants are ranked on the basis of the following criteria 1-4 (total max 15 points): 1) Experience and competence in the field of strategy: Scale: 3 points if excellent experience/competence/potential; 2 points if good experience/competence/potential; 1 point if little experience/competence/potential; 0 points if no experience/competence/potential 2) Suitability of the previous credits for the degree program of Strategy: Scale: 3 points if excellent suitability; 2 points if good suitability; 1 point if little suitability 3) Motivation to study (motivation letter): Scale: 3 points if excellent motivation to study; 2 points if good motivation to study. Not eligible for admissions, if little motivation to study (1 point). The motivation letter must be written in the eAge electronic application system and the maximum length of the letter is 4000 characters. The letter should answer the at least the following questions: Why am I applying for admission to this particular study program? Why should I be admitted? What interests me in the degree program? What are my abilities to study in this particular study program?
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4) International studies and experience: Scale: 3 points if excellent international studies and experience; 2 points if good international studies and experience; 1 point if little international studies and experience. 5) Graduate Management Admission Test (GMAT) score (Total Score): GMAT test result 600 or over = 3 points, GMAT test result 550-590 = 1 point. Applicants must have obtained at least a minimum score of 550 (Total Score) to be eligible to apply. The applicants are ranked on the basis of the total score gained in criteria 1-5. The applicants are not interviewed.
4.7
Changing the Masters Degree Program
A student who is admitted in the Masters admission gets the right to study in a particular Masters degree program. Students admitted directly to the Masters degree program in 2011
cannot change the study program. 4.8 Tuition Fees and Scholarships
For the intake of 2011, the programs listed below will charge a tuition fee of 8000 Eur/academic year (nonEU/EEA-citizens). Aalto University offers also a limited number of scholarships for those students who are charged tuition fees. - Masters Degree Program in Information and Service Management - Masters Degree Program in International Business Communication - Masters Degree Program in Marketing - Masters Degree Programme in International Design Business Management (IDBM) There continues to be no tuition fee for EU/EEA citizens, non-EU/EEA citizens who have permanent residence permit in Finland or non-EU/EEA-citizens, how have completed a Finnish Higher Education degree. Please visit http://www.aalto.fi/en/studies/scholarship_programs/ for more detailed information on the tuition fees and Aalto University Scholarships.
4.9
Academic Recognition of Studies Completed Outside Aalto University School of Economics
The extent of the Masters degree is 120 ECTS credits. When admitted to Aalto University School of Economics in the Masters admission, students are all required to complete the 120 ECTS credits and may, additionally, be assigned supplementary studies up to a maximum of 60 ECTS credits. Consequently, students will be required to complete 120+60 ECTS credits, at the maximum, in order to be conferred a Masters degree by Aalto University School of Economics. According to the council of studies and research 11.12.2007 decision on academic recognition of studies completed in another university students admitted directly to the Masters level at Aalto University School of Economics cannot transfer credits from the studies that have been taken into account in the admission. An exception can be made only with students who have been admitted on the basis of a Finnish university degree in Economics and Business Administration. For these students it may be possible to transfer credits from those studies that have exceeded the aforementioned degree if, they fulfill the normal credit transfer rules and regulations of Aalto University School of Economics. The Aalto University School of Economics considers that the admission of a student has been based on all of the studies and courses which can be seen from the application documents or the enclosures that the applicant has provided the Aalto School of Economics with. Thus, all of those
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studies and courses have been taken into account in the admissions process. This means that the same studies cannot be used first in applying to the Aalto School of Economics and then be transferred to the Masters degree. All supplementary studies must always be completed at the Aalto University School of Economics or its open university and cannot be compensated by studies taken elsewhere. During their studies at the Aalto School of Economics students can take courses at other universities and apply for credit transfer. However, at least half of the degree must be completed at the Aalto University School of Economics. Thesis work (thesis, thesis seminar, maturity test) and supplementary studies must always be completed at the Aalto University School of Economics. Courses taken the Aalto University School of Economics Open University are considered as studies completed at the Aalto University School of Economics.
4.10 Supplementary Studies

According to the degree regulations of the Aalto University School of Economics, students who have been admitted to take only the Masters degree and who have not completed a Finnish university degree in Economics and Business Administration, can be assigned supplementary studies up to a maximum of 60 ECTS credits. Students with a Finnish university degree in Economics and Business Administration giving the eligibility to apply (admission group 1) are not assigned supplementary studies. The need to assign a student supplementary studies is determined by the Aalto University School of Economics and the evaluation is based on the application document and its enclosures, i.e. the studies, courses and course descriptions which can be seen from the application documents or the enclosures that the applicant has provided the Aalto University School of Economics with. Supplementary studies are assigned if the student lacks essential knowledge to progress the secondcycle studies and to reach the objectives and learning goals of the degree. The previous studies of the admitted applicants are evaluated with relation to the objectives of the Aalto University School of Economics Masters degree, defined in the degree regulations and based e.g. on the objectives of the Aalto University School of Economics Bachelors degree. The supplementary studies could include: 1 language and communication studies in foreign languages and in Finnish and Swedish basic business studies from the so-called Fundamentals of Business Knowledge study module (for example Management, Quantitative Methods of Economics and Management Science, Accounting, Marketing, Economics, Business Law, Finance and Logistics), which is a part of the Aalto University School of Economics Bachelors degree essential intermediate level studies in the subjects of the degree program a course related to reading and writing scientific texts will be assigned to all applicants admitted on the basis of a polytechnic degree All supplementary studies must always be completed at the Aalto University School of Economics or its open university and cannot be compensated by studies taken elsewhere.
If the applicant has not in his/her previous degree demonstrated the Finnish and Swedish skills required of civil servants in bilingual public agencies and organizations in Finland (Act on the Knowledge of Languages Required of Personnel in Public Bodies 424/2003) and/or necessary for the objectives of the business degree, the skills are demonstrated in the degree of Master of Science (Econ. and Bus. Adm.) and (s)he is assigned Finnish and Swedish courses in supplementary studies (in 2009: Talouselmn viestinnn perusteet and Ruotsinkielinen yritysviestint 1). However, based on the Aalto University School of Economics degree regulations the student can be exempted from those language requirements, on the basis of his/her native language and language of elementary/secondary education (e.g. high school).
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___________________________________________________________________________ 4.11 Required Enclosures for Application and Information on ECTS Credits and Grades
For example the following enclosures may be required for the Aalto University School of Economics Masters degree application, depending on the general eligibility requirements and the degree program related criteria. The necessary enclosures will be determined in detail in the standard application form. The enclosures should be in Finnish, in Swedish or in English. The documents will not be returned, so please do not attach any originals. Diploma/certificate and transcript of records of the degree/program Diploma Supplement - in admission group 4 and if available Transcripts of records of other possible studies that applicant wishes the Aalto University School of Economics to consider Copy of passport (incl. a photocopy of the residence permit - if required of the applicant) Explanation of the extent of the courses completed at a non-Finnish university compared to the European Credit Transfer System (ECTS) credits and the grades in a 5 scale grading system unless originally registered in ECTS credits (more information e.g. in:http://ec.europa.eu/education/lifelong-learning-policy/doc48_en.htm Course descriptions of the relevant courses including syllabuses, information on course literature, level of the course (not of the courses completed at Aalto University School of Economics Helsinki/Mikkeli campus, Open University of Aalto University School of Economics) GMAT result - if required of the applicant Language test result - if required of the applicant Motivation letter - if required of the applicant Relevant letters of reference related to work experience - if required of the applicant
ECTS credits ECTS is based on the principle that 60 credits measure the workload of a full-time student during one academic year. For example a Finnish 3-year Bachelors university degree equals nowadays typically 180 ECTS credits (sometimes more). The student workload of a full-time study program in Europe amounts in most cases to around 15001800 hours per year and in those cases one credit stands for around 25 to 30 working hours. Student workload in ECTS consists of the time required to complete all planned learning activities such as attending lectures, seminars, independent and private study, preparation of projects, examinations, and so forth. The general idea of ECTS conversion of the studies that the applicant has taken outside of Finland is needed for the application (not course by course). Normally 60 ECTS credits are taken within one academic year (see above). Some examples of converting the international degree into ECTS credits: In a Chinese 4-year Bachelors degree (~160 credits) 1 credit normally equals to 1.5 ECTS credits (the degree totals to about 240 ECTS credits) In a UK 3-year BA degree (~360 credits) 1 credit normally equals to 0.5 ECTS credits (the degree totals to 180 ECTS credits ) In a US 4-year Bachelors degree (~120 credit hours) 1 credit may often equal up to 2 ECTS credits (the degree totals to about 240 ECTS credits) In a Russian degree the work load of the degree is often measured in hours. In Finland one ECTS credit equals 26,66 hours. Therefore 26,66 could in many cases be used as a divider to work out how many ECTS credits a Russian degree corresponds to.
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ECTS grades The Aalto University School of Economics uses 5 scale grading system (ECTS grades) in the Masters admissions. As a principal rule, the normal rounding is used. That is, for example, a GPA of 3,49 in a scale 1-5 would be rounded to 3 and 3,5 to 4. There are some equivalents for the verbal grades in table 2 below. If the applicants university does not use 5 scale ECTS grading, the grades still need to be compared to ECTS grading and be transferred into 5 scale system in some way. Table 2 below shows how the grades in Finland and at the Aalto University School of Economics would be compared to the ECTS grades. Notice that only the passing grades are mentioned in the 5 scale system. A failing grade is not part of the grading, so if the grading is 4 scale and includes 1 failing grade, it is not yet a 5 scale system. Please see more grading definitions and converting of grades e.g. in http://www.enscm.fr/ects_system.htm. HSE Grade Finnish prior to 1 ECTS ECTS Grade January Grade of Finnish universities prior to 1 Verbal Letter (grading 1 2010 August 2005 (grading 1-3): Grade Grade (grading 40 5) 100) A Excellent 5 86-100 3-, 3, 3+, ECLA, SCLA, L, ET, Excellent B Very Good 4 70-85 2+, 2.5, MCLA, Very Good C Good 3 60-69 2-, 2, NSLA, CL, HT, Good 1, 1+, 1.5, A, LUB, TT, Satisfactory, Very D Satisfactor 2 50-59 satisfactory E Sufficient 1 40-49 1FX/F Fail Fail Fail Fail Table 2: ECTS grades and an example of how some Finnish grades would be compared to it
5 5.1
LEGAL NOTIFICATIONS ON ADMISSIONS AND STUDYING Disclaimer
This Admission Guide contains an unofficial translation of the admission selection processes and their criteria. In the event that there is any inconsistency between this version and that written in Finnish, the official Finnish text version will prevail.
5.2
One-place-per-student Provision in Finnish Higher Education and the Requirement of Confirming the Enrolment to the University
In compliance with Finlands one-place-per-student provision in higher education, a student may accept only one student place in a degree program belonging to the joint university or joint polytechnic application and beginning during the same term (Universities Act 558/2009). Separate admissions to higher education institutions are not included in this provision. The academic term (from 1 August to 31 December or 1 January to 31 July) is the set framework for implementation. The provision does not prevent acceptance of a place in another degree program during another academic term. In practice, the one-place-per-student provision means that a person who has already accepted a place for a degree program in a university or polytechnic in Finland cannot accept another opening during the academic term in question. An official letter of acceptance will contain details on this requirement. If you have questions, please contact the Office of Studies and Registrar, Admissions, tel. +358 9 4703 8238 or +358 9 4703 8235.
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Note: Confirming the enrolment to the university is binding and irrevocable and it cannot be altered. If you have applied to several universities/polytechnics in Finland (e.g. Aalto University School of Economics Helsinki Campus, Mikkeli Campus, and some others) find out the results of all the selections to which you have applied before sending the confirmation form. The outcome of all the student selections in Finland commencing in the autumn will be announced in July, at the latest. Do not confirm the enrolment until you are sure about your situation. However, do note that the confirmation forms arriving after the prescribed time limit cannot be considered and the applicant loses the study right already once earned. The implementation of the one-place-per-student provision will be checked with the help of the universities' applicant and enrolment register (HAREK) and the polytechnics' applicant and study place register (AMKOREK). The registers are maintained by the Finnish National Board of Education. The applicant has the right to check his/her personal data from the registers. The registered information can be disseminated to education authorities, Statistics Finland, the Social Insurance Institution of Finland (KELA), the employment authorities and providers of student health care. In addition, the registrar can also disseminate registered names and addresses, with the applicant's permission, for marketing and education-related information purposes. The application forms have a place where the applicant can give permission or deny that.
5.3
Decisions on the Admissions and Confirming the Enrolment at the Aalto University School of Economics
The final decision on student admission is made by the dean of the School of Economics. The results of the admission based on SAT Reasoning Test to take both the Bachelors and Masters degrees at Helsinki Business Campus (as well as BScBA admissions of Mikkeli Business Campus) will be final on 8 July 2011. The first possible publication date of admission results of the Masters admissions is 28 April 2011. The applicants will get an official notification of the admissions results to their mailing addresses after that. The enrolment to the School of Economics needs to be confirmed. Students admitted for the Masters must confirm their enrolment on 30 June, 2011 and students admitted in SAT admission and students admitted for BScBA Program in Mikkeli must confirm their enrolment on 2 August 2011 at 16:15 hrs (4:15 pm, GMT + 2:00 hrs) at the latest. If the enrolment is not confirmed by the given time, the applicant loses his/her right to study at the Aalto University School of Economics. See also chapter 5.2. If an applicant declines admission to the degree program/s at the Helsinki campus, no other applicant will be selected instead, i.e. there is no waiting list system.
5.4
Duration of Study Right Time Frames for Taking the Degrees
According to the Universities Act 558/2009, the student has a right to complete the studies leading to a Bachelors or Masters degree according to the degree regulations and syllabus of the university in question. A student must register to the university either as attending or non-attending every year (within the time limits for registration set by the university). Should (s)he fail to do that, (s)he loses the study right and has to plead the university to allow him/her to get it back.
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The standard time for taking the Bachelors degree is 3 years and for the Masters degree 2 years. Sometimes, for undefined reasons, a student may end up studying for a longer time. However, based on the Universities Act the following limitations have been set nationwide, parentheses include the Aalto University School of Economics degree for which the limitation in question affects. A student admitted to study for the Bachelors degree only, must complete his/her degree in four years (the maximum given). In addition to this, the student can be non-attending for four terms (the maximum given). This means that the student may register as attending altogether for 8 terms (4 years) and non-attending for 4 terms (2 years). (BScBA, the Aalto University School of Economics Mikkeli Business Campus) A student admitted to study for both the Bachelors and the Masters degree, must complete those degrees in seven years (the maximum given). In addition to this, the student can be non-attending for four terms (the maximum given). This means that the student may register as attending altogether for 14 terms (7 years) and non-attending for 4 terms (2 years). (SAT Reasoning Test admission to Bachelor's and Master's, the Aalto University School of Economics Helsinki Business Campus) A student admitted to study for the Masters degree only, must complete his/her degree in four years (the maximum given). In addition to this, the student can be non-attending for four terms (the maximum given). This means that the student may register as attending altogether for 8 terms (4 years) and non-attending for 4 terms (2 years). (Masters admissions, the Aalto University School of Economics Helsinki Business Campus). The student is considered to start the studies for the degree the year (s)he confirms his/her enrolment to the university, that is, the year (s)he is admitted to the university. The above time limitations start then. Being non-attending for reasons of voluntary military service, compulsory military service, maternity leave, paternity leave or parental leave does not diminish the time limits explained above.
5.5
Right of Appeal
Applicants unsatisfied with the result may appeal. The claim must be substantiated. The letter of appeal has to be submitted to the Office of Studies and Registrar of the Aalto University School of Economics within 14 days of release date of the result and addressed to the Aalto University School of Economics, Registry, P.O. Box 21230 (Lapuankatu 6, Helsinki), FI-00076 Aalto, Finland. A study right already granted may be cancelled if it is revealed that the applicant has provided the Aalto University School of Economics with, in any way, inaccurate, false or misleading information or if the applicant has not completed his/her degree of admission group by July 31, 2011.
5.6
Visa, Residence Permit and Insurance
Depending on your nationality and the length of your stay in Finland, you will need a visa or a residence permit. Visas are permits to enter a country. In Finland's case they are valid for temporary residence that does not exceed three months. Stays of this kind include holidays, business and conference travel.
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Because of agreements signed by Finland, not all foreigners entering Finland need visas. For information about visas and visa applications, you may contact the Ministry for Foreign Affairs and all Finnish diplomatic missions abroad. A visa is granted for a maximum of three months. Students who intend to stay in Finland for more than three months must obtain a residence permit through the Finnish embassy or legation in their home country before their arrival in Finland. Notice: 1) Nordic citizens do not need to apply for visas or residence or work permits. 2) Citizens of the EU/EEA member countries will not need to apply for a residence permit until after arriving in Finland. The application for a residence permit requires a letter of admission to an institution of higher education and a proof that the foreign national has valid insurance with a solvent and reliable company or institution covering medical treatment. Because foreign students do not qualify for the Finnish health insurance system or for municipal health care services, the foreign nationals entering Finland for the purposes of studies are required to have some other comprehensive health insurance. In Finland, such insurance means insurance covering treatment and costs. Any student who submits a residence permit application on or after September 1, 2007 must attach details of their comprehensive health insurance cover to their residence permit application. Comprehensive insurance cover means insurance which includes the types of treatment and costs that are covered by municipal health care services and the health insurance system. For studies of less than two years in duration, a student must have private insurance which primarily covers the costs of medical treatment up to 100,000 euros (cost level in 2007). Where the duration of the studies is two years or more, a student will usually have a home municipality in Finland and is therefore entitled to municipal health care services. In such cases, it is sufficient for the insurance to primarily cover the cost of medicines (in practice the cover extends to doctors fees and costs of treatment and examination), up to 30,000 euros (cost level in 2007).
A student must have insurance cover when applying for a residence permit as without it a residence permit cannot be granted. A residence permit cannot be issued for a period exceeding the period of the insurance cover. The student residence permit is issued for one year at a time and has to be extended at the beginning of each academic year. Before a residence permit can be granted, a student must make a bank deposit in his/her own name and this must be renewed each academic year. Alternatively, a student must demonstrate that he/she has this deposit sum available for transfer to ones account for study purposes. There are no restrictions on how one uses this money. A charge is made for the processing of a residence permit application. The charge must be paid on submitting the application. It is a processing charge, which will not be repaid should the permit be denied. For more information on foreigners status, immigration, residence, work permit, nationality, visas, etc., please contact the Directorate of Immigration: Postal address: Visiting address: Telephone number: Fax number: E-mail: P.O. Box 18, FIN-00581 Helsinki, FINLAND Lautatarhankatu 10, 00580 Helsinki, FINLAND +358 71 873 3720 +358 71 873 0730 maahanmuuttovirasto@migri.fi
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Note! Information on residence and work permits is also available on the websites of the Directorate of Immigration: www.migri.fi and the Finnish Police: www.poliisi.fi. More information on issues regarding foreign students in Finland can also be found in http://finland.cimo.fi.
DEGREES AND DEGREE PROGRAMS
Bachelors and Masters degrees at the Aalto University School of Economics are research-based offering a good theoretical background, but they also have a practical orientation. This chapter refers mainly to the Bachelor of Science and Master of Science degrees offered at the Helsinki Business Campus. For information on the BScBA in a degree program of International Business, offered at the Mikkeli Business Campus, see www.hse.fi/mikkeli. It is also possible to complete a Doctors degree at the Helsinki Business Campus, see www.hse.fi/doctoralprogram. Students admitted to take the Bachelors and Masters degrees at Helsinki Business Campus via SAT Reasoning Test first take the Bachelors degree and can then continue taking the Masters degree. Students admitted to take the Bachelors degree at Mikkeli Business Campus take the Bachelors degree in a degree program of International Business. Students admitted to take the Masters degree get a study right for the Masters degree only.
6.1
Bachelor of Science in Economics and Business Administration
The degree of Bachelor of Science in Economics and Business Administration (BSc) has the extent of 180 ECTS (European Credit Transfer System) credits. The extent of the academic year is approximately 60 ECTS credits corresponding to 1600 hours of work by the student (lectures, exercises, seminars, other forms of instruction and independent work at home, in the library etc). Thus, the normative length for taking the degree is three years. Students admitted to take the Bachelors and Masters degrees at Helsinki Business Campus via SAT Reasoning Test, will first take the Bachelors degree (regardless of the students background) and can then continue taking the Masters degree. The objective of the Bachelors degree is to give the student a wide core knowledge in the field of business and to provide the student with research based skills to solve problems in a changing world, as well as abilities to communicate in an international environment. After completing the Bachelors degree, the student should have excellent analytical skills for continuing in the demanding Masters degree programs. Bachelors degree, 180 ECTS credits, consists of: Common core courses for all Bachelors students (Fundamentals of Business Knowledge), 60 ECTS credits Studies in the degree program (major), 60 ECTS credits, includes also Bachelors thesis (10 ECTS credits) and seminar (2 ECTS credits) Minor studies, 30 ECTS credits Language and communication studies, 30 ECTS credits There are altogether seven choices for the 60 ECTS credit Bachelors major (five degree programs, out of which one has 3 fields of specialization). Out of them, there are currently three options to complete in English: 1. a degree program in Business Technology 2. a degree program in Economics, and
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Finance a field of specialization in one of the degree programs offered at Aalto University School of Economics Students will participate into the process of choosing their Bachelors degree program (+a field of specialization) at the end of their first year of studies. There is a certain quota, decided yearly, for each degree program. Students will be given points based on the common core courses and certain language and communication studies they have taken during the first academic year and the grades they have achieved in those studies. Students will choose their Masters degree program after completing the Bachelors degree. The Masters degree program does not have to be the same as the Bachelors degree program was. See next chapter for further information. 3.
6.2
Master of Science in Economics and Business Administration
The degree of Master of Science in Economics and Business Administration (MSc) has the extent of 120 ECTS (European Credit Transfer System) credits. The extent of the academic year is approximately 60 ECTS credits corresponding to 1600 hours of work by the student (lectures, exercises, seminars, other forms of instruction and independent work at home, in the library etc). Thus, the normative length for taking the degree is two years. If the student was admitted to the Aalto University School of Economics to take the Masters degree only, (s)he may also be assigned supplementary studies (maximum 60 ECTS credits). See the chapter on Masters admissions for more information. If the student was admitted to the Aalto University School of Economics to take both the Bachelors and the Masters degree, (s)he will choose the Masters degree program when finishing the Bachelors degree. The Masters degree program does not have to be the same as the Bachelors degree program was, but it can, within certain guidelines, also be some other Masters degree program. The objective of the Masters degree at the Aalto University School of Economics is to prepare the students for challenging managerial careers in global business, responsible expertise jobs either in private or public sector, or as an entrepreneur. After completing the Masters degree, the student should also have excellent preparedness for demanding international postgraduate studies and research work. All in all the Masters degree is to provide the student with skills based on research in business administration and economics that enable her/him to function in demanding careers and/or research in a global environment. Masters degree, 120 ECTS credits, consists of: Common core studies for all Masters students, 12 ECTS credits Studies in the degree program (major), 84 ECTS credits, includes also Masters thesis (30 ECTS credits) and seminar (0 ECTS credits) Minor studies, 24 ECTS credits There are altogether 14 Masters degree programs at Aalto University School of Economics, out of which the following 12 degree programs can currently be completed in English: Accounting, Entrepreneurship, Finance, Economics, Management, Information and Service Management, International Business, International Business Communication, Marketing, International Design Business Management, Creative Sustainability and Strategy.
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7 7.1
STUDYING AT AALTO UNIVERSITY SCHOOL OF ECONOMICS Academic Year and Teaching Methods
The academic year begins officially on 1 August and ends on 31 July. However, courses are mostly offered between from September to May. When starting the studies, the first term starts around the end of August with the orientation to studies, the objective of which is to familiarize the students with the facilities of the Aalto University School of Economics and the other new students, as well as to advise them on how to start and proceed with their studies. Later on, teaching usually begins at the beginning of September. The last exams of the academic year take usually place in May. The Aalto University School of Economics Open University offers some courses also during the summer time. The academic year is divided into two terms (fall and spring), which are further divided into two periods. There is often a mid term examination week between the periods. The fall and spring terms end with the examination term. There can also be examinations in between. The Aalto University School of Economics has actively adopted modern teaching methods and increased student involvement in the teaching-learning process. Presentation, teamwork, and communications skills are emphasized in teaching and special attention is paid to the use of cases, reports, and other assignments. The goal of teaching is to enable the graduating students get the skills that are necessary in working life: teamwork skills, communication skills, analytical skills and abilities to constant learning. Varied and interactive methods are used in teaching throughout the studies and students are encouraged to be active. Several courses are completed in parts. In addition to the traditional lectures and final examinations, the courses can have for example a starting examination, midterm examinations, exercises, essays, case works and/or oral presentations.
7.2
International Studies
The Aalto University School of Economics Bachelors and Masters students may study one semester at a business school abroad. Annually about 200 students have used this opportunity. Credits for completed courses are transferred to the degree. The credits completed during the exchange period usually form the students minor studies in the degree. There are a number of partner schools (currently about 100) all over the world, which accept the Aalto University School of Economics students as exchange students. As well about 200 exchange students from abroad come annually to the Aalto University School of Economics for an exchange period. Membership in the Community of European Management Schools (CEMS) provides the Aalto University School of Economics Masters students with an opportunity to apply for the CEMS MIM (Master in International Management) Program. Selected students can pursue the CEMS MIM parallel to their Masters degree. Students will complete most CEMS elements, including studies at home university and a semester abroad, during one academic year. The CEMS MIM is most suited for a student who is interested in languages, aims at a European career and is committed to a long-term study plan to achieve this goal. Already during studies there are internship opportunities with partner companies and the corporate partners may recruit CEMS graduates for permanent jobs. The Finnish corporate partners are Nokia, Kone, Stora Enso and Elcoteq. The credits completed during the CEMS MIM usually form the students minor studies in the Aalto University School of Economics Master degree.
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___________________________________________________________________________ 7.3 Cost of Study
Since higher education is funded by the state through the Ministry of Education, students taking the Bachelors and Masters degrees have paid no tuition fees. There has been some discussion that this may change sometime in the future. The student associations charge an annual membership fee (90-110 ), which is compulsory for all university students studying for their Bachelors or Masters degree. That fee also includes a compulsory health care payment that entitles the students to inexpensive health care services (Finnish Student Health Service). The students get a student ID card which gives them also some other discounts, for example an affordable lunch at the campus. Thus, all degree-seeking students are members of student associations. At the Aalto University School of Economics, all the Aalto University School of Economics students belong to the Aalto Student Association, which arranges cultural, sports and social affairs. There are a number of clubs for various hobbies, sports and cultural interests. Students have to pay for their books and other materials as well as housing and living expenses themselves. The minimum budget for a student for one month is around 700 (incl. rent, food, transportation) depending e.g. on the kind of housing the student is able to get. Note: the Aalto University School of Economics does not have any funds available to support students in need of financial assistance. Foreign citizens can get financial aid for studies from Finnish government only if they have lived in Finland at least two years for purposes other than studying, and their residence in Finland is considered to be permanent.
7.4
Accommodation
It is recommended that foreign students look for housing through one of the established student housing foundations. Housing can also be arranged through the student associations or regional student clubs. Admission to a university is a prerequisite for obtaining student housing through these organizations. There are two basic options students often use: Aalto University Student Association has several hundred rental apartments for Aalto students in the Helsinki area, see www.ayy.fi/en The members of the Student Association may also apply for accommodation from the Foundation for Student Housing in the Helsinki Region (HOAS), see www.hoas.fi. Most student apartments consist of single rooms and shared apartments with quite good public transportation to the Aalto University School of Economics. A lot of students in Finland live in these shared apartments, which are cheaper and usually easier to get than private housing. A shared apartment is basically a big apartment where every student has a private room and where the kitchen and bathroom are shared.
7.5
Student Health Services
University students have their own health centre, Finnish Student Health Service, which provides preventive health care, dental health care, and mental health care. The services include free medical examinations and consultations, vaccinations, maternity care, and general medical treatment. For specialists appointments and dental treatment a small nominal fee is charged. To receive these services the student must have a valid student ID card, which is get after paying the student association membership fee.
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Because the Finnish student health service system does not cover all the medical costs of the students, foreign students are strongly recommended to have a medical insurance of their own while staying in Finland. See also the insurance requirements in chapter 5.6.
8 8.1
SAT REASONING TEST SAT Reasoning Test in the Admission to Take Both the Bachelors and Masters Degrees at Helsinki Business Campus
SAT Reasoning Test is given by an organization founded by universities and colleges for the purpose of assisting the admission officers in student selection: to help them compare the academic achievements of students from different schools. SAT Reasoning Test is taken in English. SAT Reasoning Test consists of three test sections: Critical Reading, Mathematics and Writing. To be eligible to apply via SAT Reasoning Test to Aalto University School of Economics Helsinki Campus, applicants must: fulfill the general eligibility to apply AND have a score of at least 500 in the Writing section AND have a score of at least 1050 in the Mathematics and Critical Reading sections together (a minimum requirement, please also see statistics in chapter 10) The applicants who do not meet the above-mentioned criteria will not be given further consideration. SAT Reasoning Test is considered as a whole. Thus, the above-mentioned minimum scores need to be achieved in the same SAT Reasoning Test. Scores of the sections from several SAT Reasoning Tests cannot be combined if the applicant has taken SAT Reasoning Test several times, it is, for example, not possible to take the Writing section in consideration from one test score and the Mathematics and Critical sections from another. If multiple SAT Reasoning Test scores are provided, taking account of the time limits in the admission, it will first be checked in which test score the applicant has reached at least 500 in the Writing section. If, after that, there are still multiple test scores to look at, the test with the highest score in the Mathematics and Critical Reading sections together will be the one used. The minimum total score that can be get from the test modules Critical Reading and Mathematics in SAT Reasoning Test is 400 and the maximum is 1600. The maximum score for the Writing section is 800. The scoring of the test takes place in the USA. Aalto University School of Economics expects to get the test report directly from the test organizer. Even if the applicant has taken SAT Reasoning Test already earlier, the score reports still have to be requested by the applicant to be sent directly to the School of Economics. Please use the code 1700 (Aalto Universitys code). To be considered, the test must have been taken in or after January 2009 and the report has to reach the Aalto University School of Economics by 16 June 2011 at the latest. Please note that when applying via SAT Reasoning Test, the deadline for the application is 12 April 2011 at 16:15 (4.15 pm, GMT +2:00 hrs), even though the test results can be delivered after the admission deadline! In order to guarantee that the results will reach the School of Economics by 16 June 2011, SAT Reasoning Test should be taken no later than on 7 May 2011, for which one must register no later than by 8 April 2011.
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___________________________________________________________________________
It is possible for the applicant to print the test score report at www.collegeboard.com. If the applicant wishes, (s)he may inform Office of Studies and Registrar (study-econ@aalto.fi) about the user name and password to his/her collegeboard.com account so that the School of Economics officer can try to print out the report. This is recommended even if the applicant has asked the test organization to submit the report. If the applicant prints out the report himself/herself, it cannot be considered.
8.2
Registration, Test Dates and Locations
SAT Reasoning Test is given all over the world on simultaneous test dates. Please check the test dates with the test organizer. The test organizer in Finland is the League of Finnish-American Societies (Suomi-Amerikka Yhdistysten Liitto, SAYL), contact information in chapter 8.4. SAT Reasoning Test is only administered on certain dates and to take it one must be registered by a certain date as well. The registration date is extremely important, for example, for the test on 7 May 2011, one must register by 8 April 2011. Those who registered to the test will be sent Admission Ticket and other material a week before the test at the latest. This confirms that the registration was successful. Online registration is the simplest and quickest way to register. You can register on website: www.collegeboard.com. See www.collegeboard.com also for more information on SAT Reasoning Test, test dates, ways to register, sample questions and preparation materials. The League of Finnish-American Societies (SAYL) in Helsinki, Finland, also provides information and registration forms for SAT Reasoning Test, if paper registration is used. Please pay attention on filling out the form. If the form is not filled properly, the registration cannot be considered. If the form has errors, it may lead up to you not getting into the test session you intended to. It is also possible to register stand-by and take the test IF there is extra test material available (extra cost for using stand-by 41 USD). When registering stand-by, one must already have a filled paper form with him/her.
8.3
Fees and Results
The fee for SAT Reasoning Test, when taken outside of USA, is 75 USD. That includes a basic registration and reporting fee and an international processing fee. The payment is to be made at the same time as the registration. The score reports of the test are mailed to the home address of the test taker about five weeks after the test. The test taker himself/herself requests that the score reports are to be sent directly to universities it is possible to choose 4 universities without any extra cost. The Aalto University School of Economics expects you to have the test score sent directly to the school. Please enter on the registration form the code number 1700.
8.4
Additional Information
You can get more information on SAT Reasoning Test dates, ways to register, test structure, and preparation tools in http://www.collegeboard.com. The League of Finnish-American Societies (SAYL) in Helsinki also provides information and registration forms for SAT Reasoning Test. You may obtain more information on SAT Reasoning Test from the test organizers.
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In Finland
The League of Finnish-American Societies (SAYL) Mechelininkatu 10 A (2. floor), 00100 Helsinki, FINLAND tel. + 358 9 4133 3700 email: sayl@sayl.fi Internet: http://www.sayl.fi
You may also contact any American School or American Embassy in your own country.
9 9.1
GRADUATE MANAGEMENT ADMISSION TEST (GMAT) Background
Graduate Management Admission Test (GMAT) is a standardized, computer-based test that is internationally used as one criterion in student selection. The test is in English (Standard American English). It tests general verbal and mathematical skills and analytical reasoning.
9.2
Taking the Test
There are over 400 GMAT test centers around the world. In Finland, the test is administered by Lan Group Finland (LGF). Lan Group Finland only administers the test, audits the test takers, and monitors the test situation. More information about the contents of the test can be found in the GMAT Information Bulletin in www.mba.com. The registration to the test and the payment of the fee takes place through internet in the address mentioned above. When registering you should make sure that the name of the person to take the test is exactly the same as on that persons identification card, ID. The current fee to take the test is approximately 250 USD. The fee is paid by credit card or cheque when registering to the test. Before taking the test, you should familiarize yourself with the test structure and its contents and practice for the test, especially if you do not have previous experience from a test like this. A training program for the GMAT can be downloaded in www.mba.com. There are also GMAT prep books and study guides available to help you prepare for the test. Those can be purchased for example in some internet bookstores. In Finland also Fulbright Center has a few study guides in their reference library that can be seen. More information, see www.mba.com; www.lgf.fi; www.fulbright.fi
9.3
GMAT in the Admissions to Take Only the Masters Degree at the Aalto University School of Economics Helsinki Business Campus
If the applicant is, according to the Aalto University School of Economics admission criteria, required to take GMAT, (s)he must get a Total Score of at least 550 points in order to be admitted. Total Score consists of Quantitative Section and Verbal Section, thus, Analytical Writing Score does not count in the Aalto University School of Economics admissions. Aalto University School of Economics requires that the applicants Official Score Report is delivered to the Aalto University School of Economics directly by the test organizer. The institutions where the applicant wishes the score report to be sent are chosen in the beginning of the test session. The results can be chosen to be sent to a maximum of 5 institutions. The GMAT Program Code to be used in the Aalto University School of Economics Masters degree admission is C1N-0J-83 ("MSc Degree Programs"). If you have taken the test earlier and have not chosen the score to be sent to the Aalto University School of Economics with the above code,
45
___________________________________________________________________________
please ask separately the test organizer to mail your Official Score Report to the Aalto University School of Economics (Additional Score Report, see www.mba.com). Deadlines related to taking GMAT in the Aalto University School of Economics 2011 Masters Admission: - GMAT must be taken in February 28, 2006 or later - The applicant must fulfill the eligibility criteria by February 28, 2011 so the date of GMAT cannot be later than February 28, 2011. Aalto University School of Economics must receive at least a preliminary test result by February 28, 2011 (16:15). The test taker usually gets a preliminary test result immediately after taking the test. The Official Score Report must be delivered to the Aalto University School of Economics directly by the test organizer as soon as possible. If multiple GMAT scores are provided, taking account of the above time limits, the highest score will be the one used.
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10 STATISTICS
Please find below statistics on the admissions of the School of Economics, Helsinki unit, in 2010. More statistics in www.hse.fi/admissions. Please notice, though, that not all statistics are comparable because the processes may have changed during years.
a) Admission to take both the Bachelors and Masters degrees at the Helsinki Business Campus in 2010 (SAT Reasoning Test) Admissio Group Group A Group B Number of applicants 126 346 156 Number of admitted (quota) 15 23 38 Lowest score (Math+Reading) 1320 (Math 660) 1320 (Math 770)
b) Admission to take only the Masters degree at the Helsinki Business Campus in 2010 Master's degree program Finance Information and Service Management International Business / CEMS International Business International Business Communication Johtaminen (Management) Kansantaloustiede/Economics Kauppa (Retail and Channel Management) Laskentatoimi (Accounting) Logistiikka ja palvelutalous (Logistics and Service Management) Markkinointi/Marketing Talouselmn viestint (Finnish Business Communication) Yrittjyys/Entrepreneurship Yritysjuridiikka (Business Law) 1.pref 2.pref 32 32 52 56 27 14 32 5 16 12 57 4 21 8 389 26 34 7 36 28 12 19 9 9 15 37 5 16 7 260 Quota 4 30 10 35 20 15 10 10 6 10 15 4 10 7 186 Admitted 4 30 9 35* 20 14 10 10 6 3 15 4 11 7 178 ...out of 1. ...out of 2. preference preference 4 0 20 9 35 15 11 10 5 6 3 15 4 11 7 155 10 0 0 5 3 0 5 0 0 0 0 0 0 23
*includes 10 IB/CEMS applicants, who wished to be considered to the degree program of International Business, if not admitted to IB/CEMS
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Master's degree program Points etc, the last one admitted Finance GMAT 720 Information and Service ECTS credits: 24 (lower degree) or Management 39 (higher degree when 1. pref) International Business / CEMS 11p/13p + interview International Business 8p/13p International Business NA Communication Johtaminen (Management) 21p/37p Economics 8p/10p Kauppa (Retail and Channel NA Management) Laskentatoimi (Accounting) 46,5 ECTS credits Logistiikka ja palvelutalous (Logistic NA and Service Economics) 8p/10p;tie: 1) GPA 3/5 vs 4/5 2) Marketing ECTS credits 48 vs 54 Talouselmn viestint (Finnish NA Business Communication) Entrepreneurship 10p/15p (max 12 p + interview 3p) Yritysjuridiikka (Business Law) 5p/10p

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ADMISSION GUIDE 2011

AALTO-YLIOPISTON KAUPPAKORKEAKOULU AALTO UNIVERSITY SCHOOL OF ECONOMICS

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

GENERAL INFORMATION Aalto University School of Economics Two Business Campuses

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Admission Processes Using Joint Online Application System

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Admission Processes Using Universitys own online system

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

___________________________________________________________________________ 1.4 Timetable for Admissions (Helsinki Business Campus)

12 April 2011 at 16:15 hrs (4:15 pm, GMT + 2:00 hrs)

30 June 2011 at 16:15 hrs (4:15 pm, GMT + 2:00 hrs)

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Admission Process, Deadline and More Information

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

English Mathematics Any other exam

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Admission Group III

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Additional Admission Round

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

General Eligibility to Apply

Study Right and Possibilities to Study in English

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Admission Process and Admission Quota

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

General Information on the Eligibility to Apply and on Applying

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Admission Process and Study Right

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Masters Degree Programs and Program Quotas

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

___________________________________________________________________________ 4.4 Requirements for General Eligibility to Apply Admission Groups

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Requirements for General Eligibility - Language Requirements

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Admission to Masters Degree Programs - Requirements Set by the Degree Programs

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

4.6.5 International Business

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

4.6.6 International Business Communication

4.6.7 Information and Service Management

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

4.6.10 International Design Business Management

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

4.6.11 Creative Sustainability

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

Changing the Masters Degree Program

Academic Recognition of Studies Completed Outside Aalto University School of Economics

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

4.10 Supplementary Studies

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011

AALTO UNIVERSITY SCHOOL OF ECONOMICS ADMISSION GUIDE 2011