MBA in Finland for International Students

If you’re considering an MBA in Finland, you’re looking at a unique opportunity to combine top-notch education with a rich cultural experience. I’ll guide you through why Finland stands out for international students seeking an MBA. With Finland ranked 6th globally in the Global Innovation Index (GII) 2023, you’ll be immersed in a hub of cutting-edge business practices and innovation. 

Let’s dive into how this opportunity can help you achieve your professional goals and broaden your horizons.

MBA in Finland: Highlights

MBA programs in Finland are gaining popularity, with 1,579 international students studying business and administration, a 7% increase. Finland offers a welcoming society, affordable living costs, and various scholarships, making it attractive for Indian students.

Program Name	MBA
Intake Periods	January, May, and September
Duration	MBA for full-time: 2 years MBA (Intensive): 12 to 18 months MBA (Part-time): 2 to 3 years MBA (Evening and weekend): up to 2 years or longer MBA (Executive): 1 to 2 years MBA (Online): From 1 to 2 years
Tuition Fees Range	€10,500 to £49,500 (INR 9,54,302 to INR 53,57,565)

Duration & Course Structure of MBA in Finland

The MBA program in Finland is designed to equip students with a comprehensive understanding of the global business landscape, critical thinking skills, and the practical tools necessary for success in the business world. The course structure of an MBA program in Finland may vary depending on the university and program selected. However, in general, most MBA programs follow a similar structure.

• An MBA program typically lasts two years, with the first year focused on core business concepts such as accounting, finance, marketing, strategy, operations, and leadership. 
• In the second year, students can choose from various elective courses that align with their career aspirations and interests. 
• Some programs may also offer specializations in entrepreneurship, innovation, sustainability, or international business.
• Many programs incorporate study trips or internships as a part of their curriculum, providing students with practical experience in the Finnish business environment. 

Eligibility for MBA in Finland

The admission requirements differ based on the institution to which the student is applying. Some common requirements are listed below:

1. A bachelor's degree in any field is required for admission to the program.

2. 2 – 5 years of relevant professional experience.

3. A high level of spoken and written English proficiency. Acceptable language tests with minimum scores test are as follows:

• Pearson Test of English Academic (PTE A) score: 62 for Reading and 54 for Writing
• IELTS score: overall score 6.5, and writing score 5.5
• TOEFL: Reading 22, Listening 22, and Writing 24

4. Student visas and related documentation are obligatory.

5. Strong letters of recommendation from academic or professional references.

8. A clear and compelling statement of purpose outlining your career goals and reasons for pursuing an MBA.

7. A detailed resume or CV providing an overview of your academic and professional background.

Application Cycle

However, the application deadlines may differ from university to university. In general, the deadline for those who have a residence permit in Finland is as follows:

• For batch commencing in September 2024, you must apply before August 18, 2024.
• For batch commencing in January 2025, you must apply before November 30, 2024.
• For the one starting in May 2025, you must apply before March 31, 2025.

The table below illustrates a general academic year cycle at most universities.

Academic Year 2024/25	Study Plan
September 16, 2024	Welcome week for September intake; studies start
September 23, 2024	Fall term 2023 - Fall Trimester starts
December 16, 2024 to January 6, 2025	Winter break
January 7, 2025	Trimester continues
January 24, 2025	Trimester ends
January 20, 2025	Welcome week for January intake; studies start
January 27, 2025	Spring term 2023 - Spring Trimester starts
April 14 to April 25, 2025	Spring break
May 23, 2025	Trimester ends
May 19, 2025	Welcome week for May intake; studies start
May 26, 2025	Summer term 2023 - Summer Trimester start
July 7 to July 18, 2025	Summer break
September 21, 2025	Trimester ends

To apply for an MBA program in Finland, you must first research and choose the universities and programs that best fit your needs and interests. 

• Once you have decided on the program, check the admission requirements and application deadlines. 
• You will need to submit an online application form. 
• You also need to take standardized tests like the GMAT or GRE. 
• After submitting your application, you may be invited to an interview or assessment. 
• Finally, if you are accepted into the program, you will need to complete the necessary paperwork for a student visa and insurance that provides coverage for the entire duration of your stay and arrange your travel & accommodation in Finland.

MBA in Finland for International Students Requirements

To receive an MBA in Finland, an undergraduate degree in business management or another field is required. Candidates without a degree can enroll where they have ten years of managerial experience. The applicants must provide proof of English proficiency using IELTS with an average of 6.5, TOEFL with a minimum of 88, or Pearson PTE Academic with an average of 70. 

Top Universities for MBA in Finland

The top universities in Finland are as follows:

Name of the University	QS Ranking by Subject 2024	QS World Ranking 2025	Total Program Cost
Aalto University School of Business	=100	113	€37,800 + VAT
University of Helsinki Business School	NA	117	€29,500
Turku School of Economics	401-450	=375	€38,800 + VAT for 2024 admission. €40,750 + VAT for 2025 admission
Jyväskylä University School of Business and Economics	601-620	=489	€37,000 + VAT 24%.
Lappeenranta-Lahti University of Technology (LUT)	401-450	=336	NA
University of Oulu Business School	NA	=344	NA
Tampere University	501-550	=462	€12,000 for each academic year
Hanken School of Economics	501-550	NA	€46,000 + VAT

Benefits of Studying MBA in Finland

The benefits of studying for an MBA in Finland are as follows: 

• Gain New Knowledge and Skills: New tools, confidence, and skills are to be adapted, which will be conducive to individual and career enhancement.
• Comprehensive Business Understanding: Mastering core economics and operations concepts and understanding the business and management world with stress on sustainability perspectives.
• Enhanced Strategic Thinking: This assignment enhances the expertise of strategic thinking and analysis based on advanced concepts and frameworks in management.
• Improved Communication Skills: Improve communication and presentation skills; achieve great negotiation results.
• Build Lifelong Networks: Form good relationships, acquaintances, and contacts that are useful when occupying a business position.
• Foster a Creative Mindset: Begin thinking creatively, experimenting, and acting like an entrepreneur.
• Mutual Inspiration: How to follow and be followed by peers and role models, adding value to MBA.

Types of MBA in Finland

In Finland, several types of MBA programs cater to different needs and schedules. Here's an overview:

Full-time MBA

The Full-time MBA program is designed for students who wish to master business in a dedicated one-year timeframe. Here are the key features of the program:

• Format:
  • Mainly online, allowing students to access the program from anywhere.
  • Intensive in-person modules in Helsinki are held 3-7 days per month.
• Attendance:
  • Attending in-person modules is essential but not mandatory, with no penalties for non-attendance.
• Duration:
  • The program follows a fast-track learning format, allowing students to complete their studies in 12 months.

Part-time MBA

The Part-time MBA program is designed for learners who want to study while working. Here are the key details:

• Duration: 2 years.
• Course Format: A combination of online classes and occasional in-person meetings.
• In-Person Meetings:
  • Location: Helsinki.
  • Frequency: 1-3 days per month (minimum expected).
  • Attendance: Not obligatory but strongly encouraged.
• Flexibility: The part-time and flexible structure provides convenience for students to balance professional and personal demands over a more extended period.

Executive MBA (EMBA)

The Global Executive MBA is a distinguished 24-month part-time program designed to enhance leadership capabilities and clarify career paths. Here are the key features of the program:

• Program Duration: 24 months, part-time
• Focus: Leadership training with international perspectives
• Experience: Over 50 years of Executive MBA excellence
• Key Components:
  • Global Immersion Study Trips:
    • Consultancy project with an emerging international business
    • Work with an NGO in South Africa
  • Curriculum:
    • Emphasis on personal and professional development
    • Flexible, globally focused curriculum
• Community: Fostering a lasting community of peers

Online MBA

• Duration: 24 months
• Overview: The online MBA program allows working professionals to earn a business degree from anywhere.
• Key Areas Covered:
  • Finance
  • Marketing
  • Strategic Management
• Learning Method:
  • Interactive online platforms
  • Real-time discussions
  • Collaboration
• Benefits:
  • Balances learning with personal and professional commitments
  • Prepares graduates for leadership roles in the global business environment

Intakes in Finland for MBA

In Finland, MBA programs typically offer three intakes: January, May, and September. 

Intake	Description	Advantages
September	Aligns with the academic year	Easier transition, more networking opportunities
January	Mid-year entry for those who missed the September intake	Flexible start, additional preparation time
May	Least popular, starts later in the year	Smaller class sizes, more personalized learning experience

SOP Requirement & SOP Sample for MBA in Finland

The following information is required to write an SOP:

• Academic Background
• Professional Experience
• Motivation for Pursuing an MBA
• Interest in Finland
• Personal Goals

Statement of Purpose - Sample

As a dedicated professional with a solid academic background in Commerce and several years of experience in the corporate world, I am eager to further my knowledge and skills by pursuing an MBA at [University Name] in Finland. This decision is motivated by my desire to advance my career, enhance my business acumen, and contribute meaningfully to the global business community.

My academic journey began with a Bachelor’s degree in Commerce from [Your Undergraduate Institution], where I graduated with honors. The curriculum equipped me with a solid accounting, finance, and economics foundation. During my undergraduate studies, I participated in various extracurricular activities, including serving as the president of the commerce club. These experiences honed my leadership, communication, and organizational skills, laying the groundwork for my professional endeavors.

Upon graduation, I joined [Your Current/Most Recent Employer] as a management trainee at a leading firm in the [Industry] industry. Over the past [Number] years, I have progressed to the role of [Your Current Position], where I manage a diverse portfolio of clients, lead project teams, and develop strategic business solutions. This role has provided me with invaluable insights into the complexities of the global business and reinforced my commitment to continuous learning and professional development.

Several factors drive my decision to pursue an MBA at [University Name]. Firstly, Finland’s reputation for excellence in education, innovation, and sustainable business practices aligns with my personal and professional values. The comprehensive MBA curriculum at [University Name], emphasizing practical learning, international exposure, and an interdisciplinary approach, is particularly appealing. I am excited to engage with the students and faculty, which will enrich my learning experience and broaden my global perspective.

Finland’s vibrant business ecosystem, characterized by its strong emphasis on technology and innovation, presents an ideal environment for aspiring business leaders. I am particularly interested in exploring Finland’s advancements in sustainable business practices and how these can be integrated into traditional business models. The access to industry leaders, networking opportunities, and practical projects offered by [University Name] will undoubtedly enhance my ability to drive meaningful change in my future career.

The MBA program at [University Name] will provide me with the knowledge, skills, and network necessary to achieve my career aspirations. I am eager to contribute to the dynamic learning environment at [University Name] and utilize this opportunity to impact the global business arena positively. I am committed to using the education and experiences gained from this program to drive innovation, apply sustainable business practices, and lead with integrity.

Thank you for considering my application. I look forward to contributing to and growing with the esteemed community at [University Name].

Sincerely,

[Your Full Name]

MBA Fee in Finland for Indian Students

The MBA fees for different universities are as follows:

Name of the University	Fees for Full Course
Helsinki School of Business	€29,800
Henley School Business School	€57,463
Haaga Helia University of Applied Sciences	€10,500
Aalto University School of Business	€37,800 + VAT
University of of Turku	€38,800 + VAT for 2024 admission. €40,750 (INR 37,32,758) + VAT for 2025 admission

MBA in Finland with Scholarships for Indian Students

Here are some scholarships for Indian students in Finland for MBA:

Name of the Scholarship	Amount	Eligibility
Scholarships in University of Helsinki	50% or 100% less on tuition fees	If you are qualified to enroll in the University of Helsinki's Master's program. If you are a citizen of a non-EU/EEA nation who does not permanently reside in Finland, you are entitled to get tuition reimbursement. To be granted a Finland entry visa and residency permit, you have to fulfill certain requirements. You must demonstrate in your application that you have achieved exceptional outcomes in your prior coursework.
The Saastamoinen Foundation Scholarships	-	These scholarships are given based on the following criteria: Previous academic record Track record of career progress Potential for leadership and career advancement
Scholarships in Henley School Business School	From £2,000 up to £8,000	Academic merit is the basis for both shortlisting and selection. The potential of the candidate is evaluated based on the application form. The University of Reading Admissions Office and/or representatives of Henley Business School will review applications.

Salary & Scope After Completing MBA in Finland

Completing an MBA in Finland can provide various career opportunities in both domestic and international job markets. The average salary after an MBA in Finland is around 61,000 Euros. Here are some potential career paths for MBA graduates in Finland:

Job Roles	Salary
CEOs	€100,000 per year
COOs	€72,000 per year
Management Consultants	€48,000 per year
Business Development Manager	€60,000 per year
Investment Analyst	€48,000 per year
Portfolio Manager	€96,000 per year
Financial Analyst	€48,000 per year
Digital Marketing	€36,000 per year
Brand Managers	€60,000 per year
Sales Managers	€48,000 per year

Management and leadership roles: 

MBA graduates can pursue leadership roles in various industries and organizations, including corporate, government, and non-profit sectors. These roles can include positions such as CEOs, COOs, and other C-level executives. 

Consulting: 

MBA graduates can work as management consultants, advising and recommending businesses on issues such as strategy, operations, and finance. MBA graduates can work as management consultants, providing advice and recommendations to businesses on issues such as strategy, operations, and finance.

Entrepreneurship: 

MBA graduates can use their knowledge and skills to start their businesses as sole proprietors or collaborate with other entrepreneurs. 

Finance and banking: 

MBA graduates specializing in finance can pursue careers in investment banking, venture capital, private equity, and other financial services. 

Marketing and sales: 

MBA graduates specializing in marketing can pursue careers in advertising, brand management, sales, and customer relationship management.

International business: 

MBA graduates with an international focus can work in multinational companies, global consulting firms, or international organizations.

Work Experience for MBA in Finland

For admission into an MBA program in Finland, applicants should not require any experience at a senior or strategic level. However, for Executive MBA programs, five years of experience is needed. It should include substantial responsibilities such as leading teams, managing significant projects or budgets, and making high-level decisions that impact the organization's direction.

Student Visa Requirements + PSWV + Student Visa Costs for Finland 2024

Understanding the student visa requirements, Post-Study Work Visa (PSWV) options, and associated costs is crucial for international students planning to study in Finland in 2024

Post-Study Work Visa 

After graduating from a Finnish institution, you can apply for a two-year post-study work permit. This permit allows you to seek employment or start a business in Finland. Permanent residence may be possible after four years on a continuous residence permit, which includes the time spent studying, mainly if you are employed in Finland post-graduation. 

Student Visa Costs for Finland

The student visa for Finland is valid for your course or up to five years, whichever is shorter. It allows for multiple entries and costs €76.

Top Companies Recruiting in Finland after MBA in Finland

The top companies recruiting in Finland after MBA are as follows: 

Top Companies	No. of Jobs	Average Salary
Nokia	419	Product manager: €75,000
EY	8	Consultant: €43,000
Eaton	30	Customer Service Manager: €65,000
Silicon Labs	No current openings	Senior Marketing Manager: €100,000
GSK	No current openings	Key Account Manager: €75,000

Conclusion

Pursuing an MBA in Finland offers international students a unique opportunity to gain a world-class education in a supportive and inclusive environment. With top-ranked business schools, diverse program options, and various scholarships available, Finland stands out as an attractive destination. The flexible online options and potential for permanent residency further enhance the appeal, making it a compelling choice for advancing your career globally.

Read here to know more about admission requirements and post study work visa options in Finland.

Disclaimer: All fees and costs are indicative and subject to change at any time.

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