Head to head
Hanken School of Economics vs Aalto University School of Business
The Hanken School of Economics and Aalto University School of Business Master in Management programs, compared side by side on the numbers that decide it — ranking, fees, salary, selectivity and class profile.
Hanken School of Economics
Aalto University School of Business
FT ranking 2025
#60
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QS ranking 2025
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Tuition
Free for EEA/EU/Swiss students; €15,000/year (€30,000 total) for non-EEA students
Free (EU/EEA/Switzerland) · €15,000/year (~€30,000 total) for non-EU/EEA
Median salary
$67k
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Employment rate
94%
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GMAT range
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Duration
24 months
24 months
Class size
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Average age
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International
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Female
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Location
Helsinki, Finland
Espoo, Finland
The short version
- On tuition, Aalto University School of Business is the more affordable option at Free (EU/EEA/Switzerland) · €15,000/year (~€30,000 total) for non-EU/EEA.
Rankings and salary are only part of the decision — fit with your target career, location, language, and cost of living usually matter more. Read each program in full before deciding.
Frequently asked
Which is more affordable, Hanken School of Economics or Aalto University School of Business?
- Tuition is Free for EEA/EU/Swiss students; €15,000/year (€30,000 total) for non-EEA students at Hanken School of Economics and Free (EU/EEA/Switzerland) · €15,000/year (~€30,000 total) for non-EU/EEA at Aalto University School of Business. Compare like for like before concluding — headline tuition can mix EU/EEA and non-EU rates — and add living costs in Helsinki versus Espoo, since the lower tuition is not always the cheaper city overall.
Do you need the GMAT for Hanken School of Economics or Aalto University School of Business?
- Hanken School of Economics generally expects a GMAT or GRE; Aalto University School of Business has an admission route that does not require a GMAT or GRE. Test policies change each cycle, so confirm the current requirement on each school's own admissions page before assuming you can skip it.
Should I choose Hanken School of Economics or Aalto University School of Business?
- There is no universal winner. The right pick depends on your target career, where you want to live and work (Helsinki, Finland versus Espoo, Finland), the language of instruction, and your budget. Read both full profiles, weigh fit over a handful of ranking places, and if you are still torn, our admissions guide walks through building a shortlist you can defend.