Hanken Scholarship: Fees and Funding
The fee for non-EU/EEA students at Hanken is 12500 EUR/year.
The Hanken Scholarship Scheme
We have a comprehensive scholarship system in place to support fee paying students. Applying for a scholarship will not affect the application for studies in any way. The scholarships at Hanken are merit based.
Hanken Premium Scholarship:
Covers the full tuition fee and 8000 euros/year living expenses
Hanken Honours Scholarship:
Covers the full tuition fee
Hanken Support Scholarship:
Covers 50% of the tuition fee
A cost-of-living scholarship equivalent to the Premium Scholarship (8000 €) can also be granted to non-paying students, who can demonstrate a need for such a support e.g. by there being no national financial aid system (such as the Finnish study grant) or similar available for them.
The scholarships are awarded based on the applicant's academic excellence.
Immigration requirements concerning funding
Applicants must ensure that they have adequate funds to support themselves financially throughout their entire period of study in Finland. In order to be granted a residence permit, non-EU/EEA citizens are required to show that they have at least 6720€ per year or 560€ per month at their disposal.
See further information on the Finnish Immigration Service page. International students who cannot show proof of sufficient funds for living expenses during their period of study in Finland will not obtain a residence permit.
Working during the studies
The studies are full-time studies and therefore students should not plan to work while studying. It might also prove very difficult to find a suitable job as the unemployment figures in Finland are quite high. Most employers also demand knowledge of Finnish and/or Swedish. Non-EU citizens studying in Finland are, however, allowed to work up to 25 hours per week part-time with their student residence permit, during term times. During holidays (specifically the summer and Christmas holidays) there is no such limitation of working hours.