Overview

The Finance programme at Hanken School of Economics provides you with tools to quantitatively analyse the most challenging research questions.

The PhD programme is affiliated with the Graduate School of Finance, and students take their core finance courses together with students from other GSF schools. Normally, students graduate with a PhD after 4-5 years of full time studies.

The programme is offered in both Helsinki and Vaasa.

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

Seminars and workshops

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. The PhD students are also encouraged and financially supported to participate and present their work in international conferences.

PhD at Hanken School of Economics

A 4-year PhD programme leading to a degree that will prepare you for a career at top universities, research institutions and companies

An international, world-class research

Experienced supervisors and the cutting edge of their research

Individually tailored guidance and studies

Flexible and supportive service

You become part of an international networks

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Programme Structure

The coursework includes:

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.

Together with Aalto University and GSF, the department offers a weekly seminar series with high level international speakers.

Check out the full curriculum

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Key information

Duration

Full-time
- 48 months

Start dates & application deadlines

Starting 2025-09-02 00:00:00
- Apply before 2025-01-03 00:00:00

Language

English

IELTS

6.5

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TOEFL^® IBT

92

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Credits

240 ECTS

Delivered

On Campus

Disciplines

Finance

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Academic requirements

GPA

B

GRE^®

158 _{(quantitative)}

GMAT

600

Applicants applying with a qualifying degree obtained in an EU/EEA country, need to fulfill the following requirements:

The GPA in the qualifying degree needs to be at least a Grade B (US grading scale), GOOD or equivalent or higher. You can check if your GPA meets the requirements by using the WES World Education Systems online grading scale conversion tool. If there is not an conversion table for your country, Hanken will convert your GPA on a case to case basis.

The specific minimum GPA requirement is:

70-79 (the scale used by Hanken 50-100)
3 (Finnish scale of 1-5)
Grade B (American scale)

English requirements

IELTS

6.5

Schedule an IELTS test!

TOEFL^® IBT

92

Interested in IELTS preparation material? Get started here

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

Additional medical costs (i.e. dental)
Repatriation, if something happens to you or your family
Liability
Home contents and baggage
Accidents
Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Hanken School of Economics and/or in Finland, please visit Student Insurance Portal.

Other requirements

General requirements

A research-based Master's degree with good grades from a recognised university constitutes the basis for admission to doctoral studies. The Master's degree has to include a comprehensive research based thesis.

In order to be admitted as a PhD student the student must have sufficient and relevant previous studies in the field or major to which they apply to.

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.

Make sure you meet all requirements

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Tuition Fee

To always see correct tuition fees

International

Free

Tuition Fee

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

Free

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.

Funding

Hanken offers funding for doctoral students who study full time. Hanken also offers help in applying for funding.

There are three main potential funding options:

External grant funding from one of the foundations supporting research in the areas relevant to Hanken PhD students, for example the Foundation for Economic Education.

Employment in an externally funded project; this alternative is particularly relevant for late-stage doctoral students;

Scholarships from the Funds at Hanken can be applied for if/when these are announced. The scholarships are subject to availability.

Check for any work restrictions

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Scholarships Information

Below you will find PhD's scholarship opportunities for Finance.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

About

Overview

Seminars and workshops

PhD at Hanken School of Economics

Get more details

Programme Structure

Check out the full curriculum

Key information

Duration

Start dates & application deadlines

Language

Credits

Delivered

Disciplines

Explore more key information

Academic requirements

English requirements

Student insurance

Other requirements

General requirements

Make sure you meet all requirements

Tuition Fee

International

EU/EEA

Living costs for Helsinki

Funding

Check for any work restrictions

Scholarships Information

Available Scholarships

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