Economics in Finland is a strong choice if you want a practical degree in a country known for quality education. You can study it at bachelor's or master's level, often in English, but the exact entry rules and fees depend on the university and programme.
What you can study
In Finland, economics can appear as a full degree in economics, business economics, or a related degree in business and management with economics courses. At bachelor's level, the programme is usually broader. At master's level, you can often specialise more, for example in applied economics, finance, or public policy.
- Bachelor's degree - usually 3 years, 180 ECTS
- Master's degree - usually 2 years, 120 ECTS
- Some universities also offer double degree or research paths
Check the university's programme page to see whether the degree is taught in English, Finnish, or both.
Typical admission requirements
The exact entry route depends on the level and university. For bachelor's studies, you usually need a secondary school diploma or an accepted equivalent, and you may need to pass an entrance exam, use SAT results, or apply through a joint application process. For master's studies, you usually need a relevant bachelor's degree and transcripts that show enough prior studies in economics, business, statistics, or maths.
- School leaving certificate or bachelor's degree, depending on level
- Academic transcripts
- Proof of English, unless you meet an exemption
- Possible entrance exam, motivation letter, CV, or references
Always check the university admissions page for the exact subject requirements. Some programmes want a certain amount of quantitative study, especially for economics and finance.
English-taught options
Many Finnish universities offer economics or business degrees in English, especially at master's level. Bachelor's options in English exist too, but they can be fewer and more competitive. If you are choosing between programmes, look at the course list, not only the degree title, because economics content can be very different from one university to another.
Common proof of English includes IELTS, TOEFL, PTE, or another accepted test. Some universities accept prior education in English, but this is not automatic. The rules are set by each university.
- Read the programme page for the language of instruction
- Check if the programme needs math or statistics
- See if there is a separate scholarship application
Tuition and living costs
In Finland, tuition policy depends mainly on your citizenship. EU, EEA, and Swiss students usually do not pay tuition for degree studies in public universities. Non-EU and non-EEA students often pay tuition for English-taught bachelor's and master's programmes. Typical tuition ranges are often several thousand euros per year and can go higher for some programmes, so you should always check the official programme page.
Many universities offer scholarships, but they are competitive and not guaranteed. Read the scholarship rules on the university or scholarship website, because coverage can differ a lot.
You also need money for living costs. A realistic student budget in Finland often includes rent, food, local transport, phone, books, and personal expenses. Costs are usually higher in larger cities. For residence permit purposes, always check the Finnish national immigration authority for the current financial requirement.
- Tuition - check the programme page
- Scholarships - check the university or scholarship site
- Living costs - plan for rent and daily expenses in your city
- Residence permit funds - check the Finnish immigration authority
Application timeline and documents
Application periods are usually set by the university or through the Finnish joint application system. Many programmes open once a year, often for studies starting in autumn, but some have separate rounds. Start early, because you may need time for tests, translations, and document checks.
A simple timeline looks like this:
- 6 to 12 months before start - research programmes and entry rules
- 3 to 6 months before deadline - take English tests if needed
- Before the deadline - submit application and documents
- After admission - apply for your residence permit if needed
Common documents include diplomas, transcripts, passport copy, proof of English, and sometimes a statement of purpose or CV. If your documents are not in English, Finnish, or Swedish, you may need certified translations. Follow the exact format on the admissions page.
How universities find candidates
Finnish universities often use application systems and their own admissions processes to review candidates. Some also search student registers and international profiles to find people who match their programmes. This can help you be noticed, but it does not replace an application.
To improve your chances of being seen, keep your study field clear, upload correct documents, and write your interests honestly. If a programme accepts direct contact or pre-screening, use the official channel named on the university website.
Common questions
Can I study economics in Finland in English?
Yes, many universities offer English-taught economics or business degrees, especially at master's level. Check each programme page, because the language and course content can differ.
Do I need maths for economics?
Often yes, at least for some programmes. Economics can include statistics, calculus, and quantitative methods, so check the course requirements before you apply.
Is Finland affordable for students?
It can be manageable, but it is not cheap. EU students usually have no tuition at public universities, while non-EU students often pay tuition. Living costs still need careful planning.
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Rules, fees and deadlines change. Check the university's own admissions page and the official immigration site of the country before you act on anything here.