Admission Guide 2011

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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


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AALTO UNIVERSITY SCHOOL OF ECONOMICS 2

ADMISSION GUIDE 2011

TABLE OF CONTENTS

1 GENERAL INFORMATION ............................................................................................................ 41.1 AALTO UNIVERSITY SCHOOL OF ECONOMICS TWO BUSINESS CAMPUSES .............................................. 41.2 ADMISSION PROCESSES USING JOINT ONLINE APPLICATION SYSTEM ....................................................... 51.3 ADMISSION PROCESSES USING UNIVERISTYS OWN ONLINE SYSTEM......................................................... 81.4 TIMETABLE FOR ADMISSIONS (HELSINKI BUSINESS CAMPUS) ...................................................... ............. 9

2 ADMISSION TO TAKE THE BACHELORS DEGREE IN INTERNATIONAL BUSINESS AT THEMIKKELI BUSINESS CAMPUS (BSCBA) ............................................................................................. 9

2.1 ADMISSION PROCESS,DEADLINE AND MORE INFORMATION ................................................................... 102.2 ADMISSION GROUP I ...................................................... ............................................................... ........... 112.3 ADMISSION GROUP II .............................................................................................................................. 132.4 ADMISSION GROUP III ............................................................................................................................. 142.5 ADMISSION GROUP IV ............................................................................................................................. 152.6 ADDITIONAL ADMISSION ROUND ............................................................................................................ 15

3 ADMISSION TO TAKE BOTH THE BACHELORS AND MASTERS DEGREES AT THEHELSINKI BUSINESS CAMPUS (SAT REASONING TEST) .............................................................. 16

3.1 GENERAL ELIGIBILITY TO APPLY ............................................................................................................ 163.2 STUDY RIGHT AND POSSIBILITIES TO STUDY IN ENGLISH ........................................................................ 163.3 ADMISSION PROCESS AND ADMISSION QUOTA ........................................................................................ 17

4 ADMISSION TO TAKE ONLY THE MASTERS DEGREE AT THE HELSINKI BUSINESSCAMPUS ............................................................................................................................................... 18

4.1 GENERAL INFORMATION ON THE ELIGIBILITY TO APPLY AND ON APPLYING ........................................... 184.2 ADMISSION PROCESS AND STUDY RIGHT................................................................................................. 194.3 MASTERS DEGREE PROGRAMS AND PROGRAM QUOTAS ........................................................................ 204.4 REQUIREMENTS FOR GENERAL ELIGIBILITY TO APPLY ADMISSION GROUPS ........................................ 21

4.4.1 Admission Group 1: Applicants having completed a Finnish lower university degree in Economicsand Business Administration ................................................................. .................................................... 214.4.2 Admission Group 2: Applicants having completed an appropriate Finnish polytechnic degree.

Appropriate degrees may be tradenomi, tuotantotalouden insinri, restonomi or medianomi. ............... 214.4.3 Admission Group 3: Applicants having completed a Finnish university degree other than in"Economics and Business Administration" ................................................................................................. 214.4.4 Admission Group 4: Applicants having completed a non-Finnish university or polytechnic degreerelated to Economics and Business Administration .................................................................................... 22

4.5 REQUIREMENTS FOR GENERAL ELIGIBILITY -LANGUAGE REQUIREMENTS ............................................. 224.6 ADMISSION TO MASTERS DEGREE PROGRAMS -REQUIREMENTS SET BY THE DEGREE PROGRAMS........ 23

4.6.1 Accounting .................................................................................................................................... 234.6.2 Economics ..................................................................................................................................... 234.6.3 Entrepreneurship .......................................................................................................................... 244.6.4 Finance.......................................................................................................................................... 254.6.5 International Business ........................................................... ........................................................ 254.6.6 International Business Communication ........................................................................................ 264.6.7 Information and Service Management .......................................................................................... 264.6.8 Management .................................................................................................................................. 274.6.9 Marketing ...................................................................................................................................... 284.6.10 International Design Business Management .............................................................. .............. 284.6.11 Creative Sustainability ............................................................................................................. 294.6.12 Strategy ................................................................... ............................................................... ... 30

4.7 CHANGING THE MASTERS DEGREE PROGRAM........................................................................................ 314.8 TUITION FEES AND SCHOLARSHIPS.......................................................................................................... 314.9 ACADEMIC RECOGNITION OF STUDIES COMPLETED OUTSIDE AALTO UNIVERSITY SCHOOL OF ECONOMICS 314.10 SUPPLEMENTARY STUDIES.................................................................................................................. 324.11 REQUIRED ENCLOSURES FOR APPLICATION AND INFORMATION ON ECTSCREDITS AND GRADES ..... 33


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3 AALTO UNIVERSITY SCHOOL OF ECONOMICS


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5 LEGAL NOTIFICATIONS ON ADMISSIONS AND STUDYING ................................................. 345.1 DISCLAIMER ............................................................................................................................................ 345.2 ONE-PLACE-PER-STUDENT PROVISION IN FINNISH HIGHER EDUCATION AND THE REQUIREMENT OFCONFIRMING THE ENROLMENT TO THE UNIVERSITY ......................................................................................... 345.3 DECISIONS ON THE ADMISSIONS AND CONFIRMING THE ENROLMENT AT THE AALTO UNIVERSITY SCHOOL OFECONOMICS ...................................................................................................................................................... 355.4 DURATION OF STUDY RIGHT TIME FRAMES FOR TAKING THE DEGREES............................................... 355.5 RIGHT OF APPEAL.................................................................................................................................... 365.6 VISA,RESIDENCE PERMIT AND INSURANCE............................................................................................. 36

6 DEGREES AND DEGREE PROGRAMS ..................................................................................... 386.1 BACHELOR OF SCIENCE IN ECONOMICS AND BUSINESS ADMINISTRATION .............................................. 386.2 MASTER OF SCIENCE IN ECONOMICS AND BUSINESS ADMINISTRATION................................................... 39

7 STUDYING AT AALTO UNIVERSITY SCHOOL OF ECONOMICS ........................................... 407.1 ACADEMIC YEAR AND TEACHING METHODS........................................................................................... 407.2 INTERNATIONAL STUDIES ........................................................................................................................ 407.3 COST OF STUDY....................................................................................................................................... 417.4 ACCOMMODATION................................................................................................................................... 417.5 STUDENT HEALTH SERVICES ................................................................................................................... 41

8 SAT REASONING TEST .............................................................................................................. 428.1 SATREASONING TEST IN THE ADMISSIONS TO TAKE BOTH THE BACHELORS AND MASTERS DEGREES ATHELSINKI BUSINESS CAMPUS............................................................................................................................ 428.2 REGISTRATION,TEST DATES AND LOCATIONS ........................................................................................ 438.3 FEES AND RESULTS.................................................................................................................................. 438.4 ADDITIONAL INFORMATION..................................................................................................................... 43

9 GRADUATE MANAGEMENT ADMISSION TEST (GMAT) ..................................................... 449.1 BACKGROUND ......................................................................................................................................... 449.2 TAKING THE TEST.................................................................................................................................... 449.3 GMAT IN THE ADMISSIONS TO TAKE ONLY THE MASTERS DEGREE AT THE AALTO UNIVERSITY SCHOOL OFECONOMICS HELSINKI BUSINESS CAMPUS......................................................................................................... 44

10 STATISTICS ................................................................................................................................. 46


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This Admission Guide:

Is meant for those who wish to apply for the Bachelor of Science or the Master of Sciencein 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 inEnglish. 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 EconomicsHelsinki 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 buildingat 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.

1 GENERAL INFORMATION

1.1 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 academicdegree). 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, withouta 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 Mikkeli Campus

Office of Studies and Registrar BScBA Degree Program

Internet: www.hse.fi/admissions Internet: www.hse.fi/mikkeli

Email: [email protected] Email: [email protected] Tel: + 358 9 470 38811 Tel: +358 50 438 9837

Fax: + 358 9 470 38888 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 7th

, 2011. The

deadline is on April 12th, 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 andduring the application period

transfer your application options from the options basket to the online application formduring 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 onlineapplication (the chosen options will only be available for a single session)

fill out and submit the online application during application period



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 applicationform (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 by16:15 (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 period begins on 7th

March, 2011. All applicants (no matter if you apply through the

joint online application system or send a hardcopy of the joint application form) must submit the

application form no later than on 12 April 2011 by 16:15 (4:15 p.m., GMT +2:00 hrs) to be

considered for admission.

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 theapplication 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.



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.


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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 BusinessCampus, 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 afore-

mentioned 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 itis 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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1.4 Timetable for Admissions (Helsinki Business Campus)

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 Closing date for applications in the Master's

(4:15 GMT + 2:00 hrs) Admissions

7 March 2011 Application period open in the following

admissions:

- BScBA in Mikkeli

- Bachelor and Master (SAT Reasoning Test)

12 April 2011 at 16:15 hrs Closing date for applications in the following

(4:15 pm, GMT + 2:00 hrs) admissions:

- BScBA in Mikkeli- Bachelor and Master (SAT Reasoning Test)

28 April 2011 at 9:00 hrs First possible publication date of admission

(9:00 am, GMT + 2 hrs) results for Masters Admissions

By 16 June 2011 The official SAT Reasoning test score report, sent by the

test organizer, needs to reach the Aalto University

School of Economics (at the latest)

30 June 2011 at 16:15 hrs The last day to accept the study place for those.

(4:15 pm, GMT + 2:00 hrs) 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 ofEconomics.*

8 July 2011 at 9:00 hrs Results of the following admissions are published:

(9:00 am, GMT + 2:00 hrs) - BScBA in Mikkeli

- Bachelor and Master (SAT Reasoning Test)

2 August 2011 at 16:15 hrs The last day to accept the study place for those who

(4:15 pm, GMT + 2:00 hrs) 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.*

29 August 2011 The term starts with the orientation to studies.

*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).

2 ADMISSION TO TAKE THE BACHELORS DEGREE IN INTERNATIONAL BUSINESSAT 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 InternationalBusiness, Mikkeliavailable 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 yearalso 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 admissionguide 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: [email protected]

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 appropriateadmission 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 April12, 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 givendeadlines. 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 anyoffer 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 2) Reifeprfung Diploma

3) International Baccalaureate 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 sectionAdditional admission round.


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Please note that

o Those applicants who have received their Finnish Matriculation Examination Certificateafter 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).

o Those applicants who have not received their final Reifeprfung, IB or EB grades byApril 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:

o All official copies of the diplomas and other relevant certificates and documents inlanguages 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 asAny 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 E M C B

Mother tongue 9 8 6 3 1

Mathematics, A-level exam 10 9 7 4 2

Mathematics, other level 7 6 4 3 1

English 9 8 6 3 1

Any other exam, A-level 7 6 4 3 1

Any other exam, other level 5 4 3 2 1

b) International Baccalaureate Diploma

English, mathematics and three other exams giving best points will be taken into account.

7 6 5 4 3

English, higher level 9 8 6 3 1

English, standard level 7 6 4 3 1

Mathematics, higher level 10 9 7 4 2

Mathematics. standard level 8 7 5 3 1Any other exam, higher level 8 7 5 4 1

Any other exam, standard level 5 4 2 1 1

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 12,99-10 9,99-8 7,99-7 6,99-5

English 9 8 6 3 1

Mathematics 10 9 7 4 2Any other exam 7 6 4 3 1


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___________________________________________________________________________

d) European Baccalaureate Diploma

The mandatory written exams will be taken into account.

10-9 8,99-8 7,99-7 6,99-6 5,99-5English, written exam 9 8 6 3 1

Mathematics, written exam 10 9 7 4 2

Other written exam 7 6 4 3 1

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 officiallycertified 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 bya 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 Points

1-6 0,5

7-12 1

13-18 1,5

19- 2

b) 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 Points

1-2 0,5

3-6 17-12 1,5

13- 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:




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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 oneapplicant 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 theapplicants who have not graduated from any of the below recognized four types of high school

programs, but who can demonstrate university eligibility:



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 AaltoSchool 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 totalscore 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, theadmission 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 ofEconomics (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 OpenUniversity ECTS credits described above in 1) in which the language of instruction wasEnglish.

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.


admission group I will be considered. The applicants will be admitted in the order of their total

scores.


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.

3 ADMISSION TO TAKE BOTH THE BACHELORS AND MASTERS DEGREES AT THEHELSINKI 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

universities is used. The application period begins on 7th

March 2011 and ends on 12th

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 EnglishIt 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 therequirements 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 ReasoningTest 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 AND2) have a score of at least 500 in the Writing section AND3) 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 B23 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 above-

mentioned 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 UniversitySchool 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.

4 ADMISSION TO TAKE ONLY THE MASTERS DEGREE AT THE HELSINKI BUSINESSCAMPUS

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 theapplicant 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 athome, 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 testorganization by mail. The Aalto University School of Economics (former HSE) GMAT code is C1N-

0J-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 MikkeliBusiness 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 3January - 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 programsoffered 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 25Marketing 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 universitydegree 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 Finnishpolytechnic 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 thefollowing 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, InternationalBusiness, Marketing, Creative Sustainability or Strategy, the applicant must have taken the

Graduate Management Admission Test (GMAT) and obtained at least a minimum scoreof 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


4.4.3 Admission Group 3: Applicants having completed a Finnish university degreeother 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:


School of Economics considers to be corresponding, altogether at least 36 ECTS credits:


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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




4.4.4 Admission Group 4: Applicants having completed a non-Finnish university orpolytechnic 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:


School of Economics considers to be corresponding, altogether at least 60 ECTS credits






Graduate Management Admission Test (GMAT) and obtained at least a minimum scoreof 550 (Total Score). When applying for other degree programs that can be completed in




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 Proficiencyin 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 apolytechnic 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 locatedin the USA, Canada, Great Britain, Ireland, Australia or New Zealand.

When applying to Finnish degree programs, the applicant needs to have adequate skills inFinnish. 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 DegreePrograms

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 therequirement 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 AccountingThe 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, managementaccounting, 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 EconomicsThose 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 thecredits. 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 asfollows: 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 abovecriterion 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 bywriting 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 EntrepreneurshipTo 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. Noteligible 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 experience5) GMAT test result (Total Score):


25/47



___________________________________________________________________________

- 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 FinanceTo 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 BusinessTo 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 abovecriterion 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 lette

Admission Guide 2011

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