Ph.D. On Campus


Hanken School of Economics

48 months
Tuition fee
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Start date


The PhD program in Finance at Hanken School of Economics prepares students for both academic careers and analytical/managing positions within the finance community. The program provides you with tools to quantitatively analyze the most challenging research questions.


The Finance PhD programme at Hanken School of Economics is affiliated with the Graduate School of Finance, and the students take their core finance courses together with students from other GSF schools. The programme is offered in both Helsinki and Vaasa.  

Our PhD programme is affiliated with the Graduate School of Finance, and our students take their core finance courses together with students from other GSF schools. The programme is offered in both Helsinki and Vaasa. Other coursework typically consists courses in finance, statistics and econometrics, and economics, taken at Hanken. The required coursework (60 studypoints) takes approximately one year to complete, after which, the students write a doctoral dissertation. Normally, students graduate with a PhD after 4-5 years of full time studies.

Together with Aalto University and GSF, our department offers a weekly seminar series with high level international speakers. The seminar series provide an opportunity for our students to acquaint themselves with the latest research at the top level, and also with high caliber researchers. Our PhD students are also encouraged and financially supported to participate and present their work in international conferences.

Financial support for studies is provided, subject to satisfactory performance, and no tuition is charged.

PhD Career Prospects

  • A PhD from an accredited, research-intensive and internationally recognised business school is an attractive asset on the international job market.
  • High-quality doctoral supervision ensures a good start to the postdoctoral career. At Hanken, supervision is personal and individually tailored in the best Nordic tradition. All the PhD supervisors are experienced, internationally active scholars at the cutting edge of their research fields.
  • Two thirds of Hanken PhD alumni go for academic careers. The job market for business school academics is fully international, offering exciting opportunities to work anywhere in the world.
  • One third of the PhD alumni choose to work in industry or the third sector. Their success across a broad range of fields shows that the PhD is hard currency also outside academia. It develops skills that help you advance along many different paths.

Programme Structure

  • Finance at Hanken in Helsinki organizes, together with Aalto Business School, the Joint Finance Reasearch Seminar (JFRS) which meets on Mondays eihter at Hanken (Spring) or the Aalto Business School (Fall). 

Key information


  • Full-time
    • 48 months

Start dates & application deadlines


240 ECTS


On Campus

Academic requirements

GRE admission requirements GRE®
GMAT admission requirements GMAT

Other requirements

General requirements

  • Requires that the applicant has taken enough courses in Asset Pricing and Corporate Finance and has at least 5 credits in Econometrics. 
  • The applicant's Master's thesis should have received a minimum evaluation of "good" (on the scale excellent, very good, good, satisfactory, fair) or equivalent or be of corresponding standard in cases where grades are not given. 
  • Admission to doctoral studies in Finance with specialisation in Statistics requires that the applicant has taken a sufficient amount of courses in Asset Pricing, Corporate Finance, Econometrics, Statistics, Probability and Mathematics.

Tuition Fee

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  • International

    Tuition Fee
    Based on the tuition of 0 EUR per year during 48 months.
  • EU/EEA

    Tuition Fee
    Based on the tuition of 0 EUR per year during 48 months.

Living costs for Helsinki

975 - 1584 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Due for update

Updated over a year ago

Check the official programme website for potential updates.

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