Tuition is free for EEA, EU, and Swiss students. Non-EEA students pay €15,000 per year (€30,000 for the full two-year programme) — the rate Hanken has published for studies starting 1 August 2024 and later, re-confirmed unchanged in August 2026. The Early Commitment offer takes 25% off the full fee if you accept your place and pay within 21 days of the acceptance letter; a separate Hanken honour waiver gives second-year students a 25% waiver, granted annually; and a GBSN Honor Scholarship can waive 100% of fees for qualifying students from developing countries. Read at source on 4 September 2026, these are alternatives rather than layers: Hanken states the Early Commitment offer "is not available to: Students who are granted a scholarship for tuition fees", nor to students admitted from the waiting list or to a Double Degree programme. Its scholarships are mainly for the second year of enrolment onwards and based on study performance, while the first-year instrument is the discount — so in year one you are choosing between them.
Tuition for the Hanken School of Economics Master in Management is Free for EEA/EU/Swiss students; €15,000/year (€30,000 total) for non-EEA students for the 24 months program.
| Total tuition | Free for EEA/EU/Swiss students; €15,000/year (€30,000 total) for non-EEA students |
|---|---|
| Tuition (numeric) | €30,000 |
| Program length | 24 months |
| Median tuition (80 euro-priced MiMs we track) | €23,157 |
On tuition, the Hanken School of Economics MiM ranks #53 of 80 euro-priced MiMs we track — above the €23,157 median. See how it stacks up on our cheapest MiMs in Europe and best-value shortlists.
Tuition figures are the published rate for the 2026–27 cycle and exclude living costs, travel, and optional exchange fees. Scholarships and need-based aid can materially reduce the net cost — see the FAQs below.
Frequently asked questions
How much does the Hanken MSc cost?
For EEA, EU, and Swiss students, tuition is entirely free — one of the standout value propositions of any top-60 FT MiM programme. Non-EEA students pay €15,000 per year, totalling €30,000 for the full two-year programme; that is the rate Hanken publishes for studies starting 1 August 2024 and later, and it was unchanged when re-checked in August 2026. The Early Commitment offer reduces it by 25% to €11,250 per year, but only if you accept and pay within 21 days of your acceptance letter. A separate honour waiver gives second-year students another 25%, and the GBSN Honor Scholarship can waive 100% of fees for qualifying students from developing countries. Two compulsory charges sit outside the tuition fee and Hanken's fee page does not price them — the Student Union membership fee (€35 a semester, €70 a year) and the Kela healthcare fee (€35.35 a term, €70.70 for 2026) — about €141 a year together, and the healthcare fee is owed by non-EU/EEA students only, so it falls on the same people who pay tuition.
Where does Hanken rank for the Master in Management?
Hanken placed 60th worldwide in the Financial Times Masters in Management 2025, with a weighted three-year salary of approximately US $67,000 and a 94% employment rate at three months. As a specialist school with fewer than 100 new international master's students per cohort, the placement reflects Hanken's depth of quality rather than breadth of scale.
What salary can Hanken MSc graduates expect?
The Financial Times 2025 ranking reports a weighted three-year salary of approximately US $67,000 — a standardised cross-school metric measuring earnings three years after graduation. Hanken does not publish its own separate salary figure for the MSc, so no school-reported number is available for comparison.
Sources
- Hanken — Accreditations and rankings ↗ — Hanken School of Economics
- Hanken — Tuition fees and scholarships (EUR 15,000/year for master's studies starting 1 Aug 2024 and later; Early Commitment 25% within 21 days; honour waiver 25%). STACKING CHECKED 2026-09-04, and the exclusion is printed under the discount rather than under the scholarships: "The Early Commitment offer is not available to: Students who are granted a scholarship for tuition fees / Students accepted from the waiting list / Students accepted to a Double Degree programme", and it "may only be used in the academic year when the student was admitted". Hanken's own framing of the structure: it "mainly offers scholarships for students liable for tuition fees for the second year of enrolment onwards based on study performance. However, first year students are offered a reduction on the tuition fee, the Early Commitment offer." GBSN Honor Scholarship: "2 scholarships only", 100% waiver, validity 2 years, Master's main admission round only, "only awarded to students currently studying at or alumni of GBSN member schools from specific developing countries" with "NOTE! No other applicants are eligible"; renewal requires "at least 60 ECTS" and "a GPA of 3.0 by the end of each academic year (31 July)", plus "a limited amount of student recruitment activities". Also read the same day: the fee "does not cover the compulsory Student Union membership fee or the Student Health Care fee", and the rolling-admission variant of the discount requires acceptance within 7 days and payment within 21 ↗ — Hanken School of Economics
- Hanken — Master's degree studies in English ↗ — Hanken School of Economics
- Hanken — Hanken in figures ↗ — Hanken School of Economics
- Hanken — Hanken ranked among top three business schools in Nordic region ↗ — Hanken School of Economics
- Financial Times — Masters in Management 2025 ↗ — Financial Times
- Hanken — Apply to master's degree studies in English: the admission rounds. SELECTION CHECKED 2026-09-04. Main admission round "7 January at 8:00 AM–21 January 2026 at 3:00 PM (UTC+2)", "Open to all applicants holding a Bachelor's or Master's degree", application open to all master's degree programmes in English. Rolling admission round "8 December 2025 at 8:00 AM–15 April 2026 at 3:00 PM (UTC+3)", open only to applicants with "a Bachelor's degree with the major subject Business Administration and/or Economics obtained outside Finland" and restricted to four programmes — International Strategy and Sustainability, Marketing, Marketing and Management (Vaasa), Supply Chain Management — with "Higher admission requirements than in the Main Admission Round" and a "quicker admission process". The page also records that the admission quota for International Strategy and Sustainability was filled for the 2026 round. The 2026 intake is the latest cycle published; no 2027 dates as of this reading ↗ — Hanken School of Economics
- Hanken — GMAT/GRE or GPA requirement (read 2026-09-04). Admission group 1 (Finland, EU/EEA, Switzerland or Hanken partner universities): main round "A GPA with at least a B on a US grading scale (3.0 on a 5.0 Finnish scale)", rolling round "A GPA with at least a B+ on a US grading scale (4.0 out of 5.0 on a Finnish scale)". Admission group 2 (outside the EU/EEA): main round GMAT Focus Edition 515, previous format 550, or GRE quantitative reasoning 150; rolling round 555, 600 and 158. The page states the thresholds and does not state any weighting or ranking of scores ↗ — Hanken School of Economics
- Hanken — Required previous studies (read 2026-09-04): main round "At least 25 ECTS in subjects relevant to the intended Master's programme or 30 ECTS if you are applying to the Master's programme in Economics"; accounting "At least 15 ECTS in external accounting"; economics expects intermediate econometrics, microeconomics and macroeconomics; finance expects portfolio management, derivative contracts and corporate finance. Rolling round requires a bachelor's in Business Administration and/or Economics with "at least the equivalent of 80 ECTS of studies in Business Administration and/or Economics". Selection caveat quoted verbatim: "Fulfilling the minimum amount of required ECTS does not automatically lead to admission. It will be decided case by case whether the applicant has the knowledge required for studies at advanced level or not." No points table and no ranking rule is published ↗ — Hanken School of Economics
- Hanken — The Student Union fee for academic year 2025-2026 (PDF, 2 pages, sha256:1c6ba456f318e15b). Prices the first of the two charges Hanken's tuition page names without a figure: "The Student Union fee for the fall semester 2025 is 35 euros", "for the spring semester 2026 is 35 euros", "for the year (fall semester 2025 and spring 2026) is 70 euros". Statutory basis quoted verbatim: "All degree students in Finland are by law members of the Student Union of their respective university." Paid to Svenska Handelshogskolans Studentkar, not to Hanken. NOTE: Hanken's own costs-and-funding page, which would be the natural home for both figures, 301s to a URL ending -hidden and then 403s (probed 2026-09-09), which is why this PDF is the source ↗ — Hanken School of Economics
- Kela — Healthcare fee for students in higher education. Prices the second charge: EUR 35.35 per term, EUR 70.70 per year for 2026. Liability quoted verbatim: students from outside the EU/EEA "must pay the healthcare fee" even when studying remotely, and this applies "even if you have taken out private health insurance" for residence-permit purposes, because private cover is not social security coverage. EU, EEA, Swiss, British and Northern Irish students with social security coverage in those regions "do not have to pay the healthcare fee" and use FSHS on an EHIC/GHIC instead ↗ — Kela — Social Insurance Institution of Finland
- Ministry of Social Affairs and Health — Slight decrease in healthcare fees for higher education students in 2026. Independent confirmation of the Kela figure from the body that sets it: EUR 35.35 per term / EUR 70.70 per academic year under the Government Decree on Student Healthcare Fees for Higher Education Students in 2026, in force "from 1 January 2026 to 31 December 2026", with the same EU/EEA/Switzerland/UK exemption ↗ — Ministry of Social Affairs and Health, Finland