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2004 FULL-TIME MBA PROFILE
Helsinki School of Economics
Helsinki School of Economics — International Full-time MBA
Address: HSE/International Center
Runeberginkatu 14-16
Helsinki 00100 Finland
E-Mail: mbafi@hkkk.fi
Web links: B-school Web site
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B-SCHOOL & PROGRAM BASICS

Classes begin Mar. 1, 2004
Sept. 6, 2004
Mar. 1, 2005
Sept. 5, 2005

Year program was founded 1983
Institution is Non-U.S., Public
Business school accreditation:
AMBA
EQUIS
Length of program 12 months

Enrollment
Total graduate business students 586
Full-time MBA students 96
Part-time MBA students 59
Distance MBA students n/a
Executive MBA students 61
PhD program students 370
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 3,833
 
Change in full-time class size in past academic year -3%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 28%
International students 1 62%
Married students n/a

Students from the following regions:
Africa 7%
Asia 10%
Eastern Europe, Central Europe and Central Asia 10%
Latin America and the Caribbean n/a
Middle East n/a
North America
 (Canada: 33% / U.S.: 67%)
10%
Oceania n/a
Western Europe 63%

North American students by region:
Canada 33%
Mid-Atlantic U.S. n/a
Midwest U.S. n/a
Northeast U.S. n/a
South U.S. n/a
Southwest U.S. n/a
U.S. Possessions and territories n/a
West U.S. n/a

(1) Students from countries other than the school's home country.

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
200420032002
Average550599557
Median540600565
Range (middle 80%)500-620500-680500-640

GMAT scores are required as part of the application.


TOEFL Scores
TOEFL scores are required for applicants whose native language is not English.

Average TOEFL score 637
Minimum TOEFL score required 600

Work Experience (months)
Average 96
Range (middle 80%) 48 - 180
New entrants with one year or less of work experience 0%

Student Age (years)
Average 33
Range (middle 80%) 25 - 44

Salary
Average base salary forgone to enter program n/a


ADMISSIONS

Application fee (resident) $0
Application fee (nonresident) $0

90 people applied to the full-time MBA program in 2004. The school accepted 49% (selectivity) of those applicants, and 66% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
200420032002
Selectivity49%70%58%
Yield66%79%70%

7% of applicants had applied in prior years, and of those reapplicants 100% were accepted.

The B-school placed n/a applicant(s) on its wait list. n/a wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants n/a
International applicants 1 64%

Interviews for MBA applicants are:
Recommended

In 2004, the B-school interviewed n/a of its full-time MBA applicants, and 55% of its admitted applicants.

(1) Applicants from countries other than the school's home country.

COSTS, DEADLINES & FINANCIAL AID

COSTS:
Estimated TOTAL (not annual) cost of full-time MBA program (U.S. dollars)
200420032002
Resident$24,000$20$16,500
Nonresident$24,000$20$16,500
Expected monthly rent $480
Recommended annual budget (Resident) 1 $38,000
Recommended annual budget (Nonresident) $38,000

2004-2006 DEADLINES:
Application deadline(s)
All applicants:  Nov. 30, 2004
All applicants:  Apr. 28, 2005
All applicants:  Nov. 30, 2005
All applicants:  Apr. 28, 2006
All applicants:  Nov. 30, 2006

Rolling admissions? Yes

Deadline(s) for scheduling an interview
All applicants:  Nov. 30, 2004
All applicants:  Apr. 28, 2005
All applicants:  Nov. 30, 2005
All applicants:  Apr. 28, 2006
All applicants:  Nov. 30, 2006

Financial aid deadline(s)
n/a

FINANCIAL AID:
Full-time MBAs apply for financial aid through a Dedicated financial aid office at the B-school

n/a of full-time MBAs applied for financial aid for the 2004-2005 academic year. 6% of full-time MBAs received some form of financial aid for the 2004-2005 academic year.

Of those who received financial aid for the 2004-2005 academic year, n/a received institutional scholarships, n/a received assistantships, and n/a received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) n/a
Scholarships: Based on academic merit


n/a full-tuition scholarships were awarded by the school to full-time MBAs for the 2004-2005 academic year.

How does an applicant apply for scholarship consideration?
As part of the admissions application


Average scholarship awarded $12,000
Guaranteed loan offered? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2004 graduates n/a


(1) Student budget includes tuition fees and living expenses.

(2) Upon admission, any accepted applicant, regardless of nationality, and without the need of a cosigner, is eligible for a loan.

CONTACTS

Dean Dr. Eero Kasanen
Hired as of Aug. 1996
 
Program director Jyrki Wallenius
 
Admissions director Marita Grönvall-Jansson
 
Financial aid director n/a
 
Career services director Susanne Åström
 
Alumni relations director Marika Lehtinen

 
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