Aalto-yliopiston kauppakorkeakoulu Aalto-universitetets handelshögskola | |
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Other name | Aalto BIZ |
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| Established | 1911 (1911) |
Parent institution | Aalto University |
| Dean | Timo Korkeamäki |
Academic staff | 73 (2013) |
Administrative staff | Over 465 |
| Students | 3,789 (2013) |
Other students | International students 14.4% |
| Location | , 60°10′19″N024°55′22″E / 60.17194°N 24.92278°E /60.17194; 24.92278 |
| Campus | Urban,Inner City |
| Affiliations | AACSB,AMBA,EQUIS,CEMS |
| Website | aalto.fi/sob |
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TheAalto University School of Business (Finnish:Aalto-yliopiston kauppakorkeakoulu;Swedish:Aalto-universitets handelshögskola), is the largestbusiness school inFinland. Founded in 1911, it is the second oldest business school in Finland and one of the oldest business schools in the Nordic countries. The school became part ofAalto University on 1 January 2010. It has been previously known as theHelsinki School of Economics, theHelsinki School of Economics and Business Administration, and during 2010–2012 theAalto University School of Economics.[1]
The Aalto University School of Business is the first business school in the Nordic countries to have received theTriple Crown accreditation (accreditations from the three largest and most influential business school accreditation organizations:AACSB,AMBA, andEQUIS).[2]
In terms of admissions, the school is considered the most difficult business school in Finland. In 2019, the school had the highest number of applicants for any higher education program in Finland. It also had the lowest acceptance rate of any business school in the country.[3]
The Aalto University School of Business was established inHelsinki in 1904 by the business community and was given the status of a university in 1911. It operated as a private university until 1974 when the state of Finland was given the financial responsibility of the university. Nevertheless, the school has remained autonomous in its administration and internal affairs. Since its founding, 23,000 students have graduated. In 1950, the School of Business moved from Fabianinkatu toRuneberginkatu inTöölö. The school became a part ofAalto University on 1 January 2010 and fully transitioned to itsOtaniemi campus in 2019.[4]
The Aalto University School of Business has been accredited by all three major international organizations that certify business schools (AACSB,AMBA,EQUIS), a "triple-crown" accreditation possessed by only 55 other universities in the world. The school is also a member of theCEMS (Global Alliance in Management Education) and PIM (Partnership in International Management).
Since 2005, theFinancial Times has ranked the CEMS program among the top masters in management programs in the world.[5] The Aalto University School of Business is an active member of this joint program. TheFinancial Times ranked the Aalto University School of Business 29th in the European business school rankings in 2013,[6] 78th in Global MBA programs,[7] and 43rd in Master in Management programs.[7]
The school offers university degrees in economics and business administration at the bachelor's, master's, licentiate, and doctoral levels, along with MBA programmes targeted to business professionals hosted throughAalto University Executive Education.[8]
The school has a two-step program structure, accordingly to the Bologna Treaty, with a three-year bachelor's degree followed by a two-year master's degree. New students start by studying towards a BSc degree in economics and business administration and on completion, are eligible to continue to study for the master's degree. A doctoral degree normally takes four additional years.
Since 2013, the school offers the following bachelor's programmes (3-year programme, 180ECTS credits):
In economics and business administration, students may choose one of the following as their major: Accounting, business law, economics, finance, information service and management, management, marketing
The school offers the following master's programmes (2-year programme, 120ECTS credits):[9]
Since 1995, the school has offered a multidisciplinary summer programme called the Information Technology Program (3-month programme, 24ECTS credits). The school also offers a multidisciplinary Business Master Class summer course (2-week course, 6ECTS credits).
MBA and executive MBA programs are offered by the Aalto University Executive Education AEE[10] with operations in Helsinki, China, Singapore, South Korea, Taiwan, Sweden and Iran. There is a tuition fee in the MBA program, unlike in the BSc/MSc degree programs. The MBA program is taught through two-week modules by visiting faculty from some of the best business schools in the world, includingEmory University,Rutgers Business School,University of South Carolina,Georgetown University,University of California,Concordia University,Queen's University at Kingston,Rotterdam School of Management, Erasmus University,Indiana University,ESADE andINSEAD.[11][12]
Each year, around 400 students are admitted into the bachelor's programmes and around 200 students to the master's programmes. Bachelor's admissions are based mainly on an admissions test (in Finnish) and the nationwide matriculation examination. Non-Finnish speakers and international students have the opportunity to gain admission through the SAT (Scholastic Admissions Test) conducted in English. Applicants with an appropriate bachelor's degree may apply for the master's admission to taking only the degree of Master of Science in economics and business administration.[13]
The Aalto University School of Business has exchange partnerships with over 150 universities on six different continents. Each year, close to 400 students go abroad on their exchange and the school welcomes over 350 incoming exchange students. The school collaborates with the leading business schools in Europe within the CEMS community. Partner schools includeImperial College in the UK,HEC Montréal in Canada,Karlsruhe Institute of Technology andWHU – Otto Beisheim School of Management in Germany,NCCU College of Commerce in Taiwan,Yonsei University in South Korea,Peking University in China,Sophia University in Japan,Duke University,University of South Carolina in the US andSkema Business School andESCP Business School in France. In the CEMS network, partner schools includeHEC Paris,ESADE in Spain, theLondon School of Economics in the UK and theUniversity of St. Gallen in Switzerland. Comprehensive list of partner schools.[14]
TheCEMS includes 30 academic institutions from 5 continents, over 70 corporate partners and 4 social partners from around the globe.[15]
The Aalto University School of Business has been a Finnish member of the CEMS network since 1998. Their CEMS corporate partners areKone andNokia.
The School of Business offers a master's programme in global management[16] where students can obtain two qualifications: MSc in Economics and Business administration granted by the Aalto University School of Business and CEMS Master's in International Management granted by CEMS, the Global Alliance in Management Education. Most of the CEMS MIM elements are fully incorporated in the Global Management master's programme (120 ECTS).
CEMS MIM has high recognition in the corporate sector. Consistently ranked among the top in the world by the Financial Times, the CEMS MIM unites multinational companies and international-calibre professors from leading universities and business schools.
The School of Business is a member of the PIM Network, which consists of 60 business schools worldwide.
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