Corporate Governance, M.Sc.

  • Application Deadline
  • 24 months
  • Tuition
    Tuition (Year)
    Tuition (Year)
  • English (take IELTS)
Proper understanding of Corporate Governance requires a thorough background in business economics combined with a genuinely international, multicultural perspective on the problems involved. Hanken offers a rich and absorbing MSc in Corporate Governance. This programme is offered by Hanken School of Economics.
  • Overview
  • Programme outline
  • Key facts
  • Admission requirements
  • Fees and funding


In today’s rapidly changing world, businesses are increasingly subject to disruptive shifts. Businesses that do not keep reinventing themselves by the minute become obsolete in no time. So, difficult choices must frequently be made. Stakeholder value addition or destruction are consequences of such choices.

Organisations with robust corporate governance mechanisms create value for all stakeholders. Knowing the interplay between market forces and stakeholder expectations is crucial to implementing good corporate governance. There is a huge demand in the business world for experts who can develop and deploy good governance mechanisms in real time.

Our Master’s Programme in Corporate Governance is designed for students that thrive in a multi-cultural and international environment. As a student, you can look forward to two years of stimulating on- and off-campus learning experiences.

Upon graduation you will
  • have a solid foundation for your governance expertise
  • know the nuances of various governance models like the ones practiced in the US/UK, continental Europe or in the Nordic countries
  • have developed a knack for identifying real-life governance issues and finding ways of addressing them.
This Corporate Governance programme is offered by Hanken School of Economics.
Future Career Opportunities
70 % of students at Hanken have a job already before graduating. In 2014 as many as 98 % of the students had a job 3 months after graduation.
Why Choose Hanken?
Hanken offers
  • A hundred years of experience in business and management education.
  • An international atmosphere. The percentage of international students is higher than at any other Finnish science-based university.
  • Excellent opportunities for exchange studies at one of Hanken's 100 partner universities. All students that go on exchange to a partner university get a scholarship.
  • An intimate environment where academic excellence, innovative teaching methods and corporate input meet.
  • Supervision and individual service. At Hanken both academic and administrative staff take the time to give you personal guidance.
  • A widely recognised degree offering excellent career prospects. Hanken alumni work in leading positions in more than 60 countries worldwide.
  • A platform for building both professional and personal networks that last a lifetime.
  • A degree from an institution internationally accredited by both EQUIS and AMBA.

Programme Structure

The schematic outline below covers the compulsory courses in the program, and offered CG related elective ones. In addition to these courses, students have to take a total of 30 ECTS elective courses. This includes 6 ECTS that must be studies in some language. We strongly recommend the Corporate Governance students to take the course Academic Writing.

Year 1

Autumn semester

Compulsory courses

  • Introduction to Corporate Governance
  • Methods in Empirical Research
  • International Corporate Governance
  • Financial Reporting and Corporate Governance
  • Corporate Governance, Strategic Management

Elective courses

  • History of Financial Crisis - Implications for the Future
  • The Corporation and its Employees

Spring semester

Compulsory courses

  • Economics of Organisation and Information
  • Economics of Strategy
  • Corporate Finance

Elective courses

  • Cross-Border Corporate Transactions: Legal Framework
  • Corporate Governance of Family Firms
Year 2

Autumn semester

Compulsory courses

  • Corporate Governance - A Synthesis
  • Research Seminar
  • Master's Thesis

Spring semester

Compulsory courses

  • Research Seminar
  • Master's Thesis

Elective courses

  • Applying Panel Data Methods to Problems in Corporate Governance

Detailed Programme Facts

  • Full-time duration 24 months
  • Study intensity Full-time
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus
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English Language Requirements

You only need to take one of these language tests:

  • Minimum required score: 6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score: 580

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score: 92

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

You need the following GMAT score:

Required score: 550

The GMAT is specifically designed for admission to business or management schools, and is meant to test how prepared you are for a business degree programme

  • Bachelor/Master's degree from a recongnised University or Polytechnic
  • Sufficient language skills
  • GMAT/GRE admission test score
  • Sufficient study background for the programme: At least 60 ECTS in economic sciences and/or in mathematics and quantitative methods of which at leas 30 ECTS must be in subjects relevant for the programme
  • Motivation letter
  • CV required

Tuition Fee Per Year

  • EUR 12500 International
  • Free EU/EEA

Non-EU/EEA students admitted in 2017 to master's programmes in English are required to pay tuition at all universities in Finland. There are certain exemptions:

The fees will not concern those non-EU/EEA students who

  • are family members of an EU/EEA citizen (spouse / child)
  • are already residing in Finland or some other EU country on a permanent basis (i.e. are equivalent to EU citizens, continuous (A) or permanent (P/P-EU) residence permit type)

For EU citizens all university education is free of charge. All students regarldess of nationality are, however, obliged to pay an annual student union membership fee of approximately EUR 120.

The fee for non-EU/EEA students at Hanken has been set at 12500 EUR/year.


We have a comprehensive scholarship system in place to support all fee paying students. Applying for a scholarship will not affect the application for studies in any way. The scholarships at Hanken are merit based.

All international students are eligible to apply for the Hanken premium scholarship.

Hanken Premium Scholarship

  • Covers the full tuition fee and 8000 euros/year living expenses

Hanken Honours Scholarship

  • Covers the full tuition fee

Hanken Support Scholarship

  • Covers 50% of the tuition fee

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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