Hanken School of Economics

Hanken School of Economics (also known as Hanken) is a business school in Finland with two campuses, Helsinki and Vaasa. Founded in 1909, it is the oldest business school in Finland, and one of the oldest in the Nordic countries. Its programmes are offered in both English and Swedish.
History
Hanken was established in Helsinki in 1 September 1909, making it one of the oldest business schools in northern Europe, opening a month after the Stockholm School of Economics. The statutory meeting for in Helsinki was held in December 1908, and only four months later the private community college under the name of statutes were approved. In 1927, the school was given its current name, . The school introduced a bachelor's degree in economics in 1928, with professorships being introduced in 1934. The first doctoral dissertation took place in 1944.
Hanken's campus in Vaasa was established in 1980 aiming to develop business education in Osthrobotnia, a region with a large proportion of the Swedish-speaking population in Finland. In 2018, Hanken joined the Helsinki Graduate School of Economics. An initiative to bring together three Finnish universities – Aalto University, Hanken School of Economics, and the University of Helsinki.
Rankings and accreditations
Hanken has received the so-called Triple Crown accreditation (assessments of quality insurance by the three largest business school accreditation organizations: AACSB, AMBA, and EQUIS). Hanken was first awarded the European Quality Improvement System accreditation (EQUIS) in 2000. The Association of MBAs accreditation (AMBA) was awarded in 2008. The Association to Advance Collegiate Schools of Business accreditation (AACSB) was awarded in 2015.
Hanken is a member and signatory of the Principles for Responsible Management Education (PRME) initiative, an initiative between the United Nations (UN) and business schools. Hanken is also a signatory of the San Francisco Declaration on Research Assessment (DORA), an initiative proposing a holistic assessment of scientist's contributions.
Degrees and programmes
The school offers university degrees in economics, marketing, management and accountancy at the bachelor's, master's, and Ph.D. Master's degrees and Ph.D. programmes are offered in both Swedish and English languages, while the bachelor's degree programmes are in Swedish. The MSc in Economics and Business Administration programme is a two-year programme with 120 ECTS. The specialisations include Business and Management, Economics, Financial Analysis and Business Development, and Intellectual Property Law. In addition, Hanken & SSE Executive Education (a joint venture between Hanken and the Stockholm School of Economics in Sweden) offers an Executive MBA, a part-time two-year executive programme in English.
Hanken has approximately 120 partner universities for student exchange.
Organization and administration
Governance
As for all universities in Finland, Hanken is regulated by the Universities Act (558/2009) and the Universities Decree (770/2009). The principal governance bodies of Hanken are the University Council, the Board, the Rector, and Deans.
The University Council appoints the external members of the Board, the auditors for the School, and the Academic Council. It approves the financial statement and grants the Board and the rector a discharge from liability.
The Board is the highest decision-making body of the School and is always chaired by an external person - at present Christoph Vitzthum is Chair of the Board. The Board decides on most issues of a strategic nature, such as the activity and economic plan as well as the budget. The Board is responsible for the economy of the School, the allocation of its funds, and appointing the Rector . The student body is represented in each decision-making body by at least one student.
Departments
Hanken's research and teaching are organised into four departments and one centre for Languages and Business Communication. Students are represented in each Department Council by student-elected student representatives.
Accounting and Commercial Law
Finance and Economics
Management and Organisation
Marketing
Centre for Languages and Business Communication
Library
Hanken library is the library of Hanken School of Economics, serving staff, students and the general public. In Helsinki, the library is found in the main building of Hanken, while the book collection in Vaasa is found within the . Hanken library is a scientific library, not only open to students or staff at Hanken, but available to everyone carrying out studies or research in the field of economics and business administration.
The library services started already in 1909, when Hanken School of Economics was founded. The library's collection today is a hybrid of printed books and electronic resources, such as e-books, e-journals and databases with financial and company information. The library has a special collection on Finnish and foreign business companies' history.
Hanken library uses the open source library system Koha, and the library catalogue Hanna is part of the Finna-collaboration, through the National library of Finland.
Research
Research and knowledge centres
Hanken hosts the following research centers.
CERS – Centre for Relationship Marketing and Service Management
CCR – Centre for Corporate Responsibility
EPCE – Erling-Persson Centre for Entrepreneurship
Hanken Centre for Accounting, Finance and Governance
– The Research and Development Institute on Gender, Organisation, Diversity, Equality and Social Sustainability in Transnational Times
HUMLOG Institute – The Humanitarian Logistics and Supply Chain Research Institute
IPR – University Centre
WCEFIR – Wallenberg Center for Financial Research
Notable alumni
Hanken has over 15,000 alumni in 70 countries.
Lenita Airisto – Author, former Miss Finland and fashion model
Anne Berner – Business executive, board professional, and the former Minister of Transport and Communications
– CEO of KONE
Jannica Fagerholm – Finnish economist and business executive
Christian Grönroos – Relationship marketing professor named as a Legend in Marketing.
Carl Haglund – Former Minister of Defence
Harry Harkimo – Businessman
Petri Kokko – Former figure skater
Stefan Larsson – CEO of PVH Corporation
Henrik Lax – Former member of the European Parliament
Mikael Lilius – Former CEO of Fortum
Elisabeth Rehn – Former MP of the Swedish People's Party and the first woman as the Minister of Defence in Finland
Heidi Schauman – Economist
Björn Wahlroos – Professor, banker, and chairman of several boards
Hans Wind – Businessman and famous fighter pilot in World War II
Christoph Vitzthum – President and CEO, Fazer Group
Student union
The Student Union of Hanken School of Economics (SHS) was founded in 1909 under the name of . Today the student union has some 2,500 members and is the only student union to represent solely business students in Finland. The student union organises events and is responsible for student representation in the school's decision-making body. In accordance to law, all students at Hanken are automatically members of the student union.
References
External links
Hanken library
Hanken MBA homepage
Svenska Handelshögskolans Studentkår – The Student Union's portal
Hanken alumnnätverk
Education in Helsinki
Economy of Finland
Business schools in Finland
Universities and colleges established in 1909
1909 establishments in Finland
Swedish-speaking population of Finland