History of the School of Economics

On 16 January 1911, the parallel departments for upper secondary school students, established at the Helsinki Business College in 1904, were reorganised and the School of Economics opened its doors as an independent university.

1904 School of Economics established by the business community.

1911 School of Economics received University standing.

1922 First MSc graduate (Aksel Edvard Hollander 10.3.1922).

1937 First Doctor’s degree in Nordic Business Schools (Vilho Nurmilahti 9.10.1937).

1946 First conferment of academic degrees.

1950 New Main Building inaugurated.

1970 Chydenia building inaugurated for the School.

1970 Beginning of JOKO, Continuing Education Programme for Executives.

1972 Beginning of a formal Doctoral Programme.

1974 School of Economics became state university, financial responsibility to state of Finland.

1983 International MBA Programme launched .

1989 International BBA Programme introduced in Mikkeli.

1994 English Track leading to MSc Degree in English language introduced.

1997 AMBA accreditation received for the International MBA Programme.

1998 EQUIS accreditation received.

1998 School became member of CEMS.

2000 Helsinki School of Economics Executive Education Pte Ltd started in Singapore and the Partnership Programme started.

2001 School became full member of PIM and the BscBA degree programme started in Mikkeli.

2007 AACSB accreditation was first received for 5 years.School became the first Nordic business school to receive the prestigious “Triple Crown” accreditation by EQUIS, AMBA, and AACSB.

2010 The Helsinki School of Economics became part of Aalto University as of 1 January 2010 and started operating with the name of Aalto University School of Economics.

2011 School of Economics 100 years anniversary.

2012 School of Economics was renamed the Aalto University School of Business as of 1 August 2012

Rectors of all time

Kyösti Järvinen 1911-1919
Wäinö Bonsdorff 1919-39
Kalle Kauppi 1939-45
O.W. Louhivuori 1945-52
Kaarlo Hilden 1952-57
Kalle Kauppi 1957-61
Henrik Virkkunen 1961-63
Pekka Heinänen 1963-69
Jaakko Honko 1969-1980
Veikko Leiwo 1980-81
Arvi Leponiemi 1981-90
Fedi Vaivio 1990-92
Veikko Jääskeläinen 1992-96
Eero O. Kasanen 1996-2009

Chancellors of all time

Antti Tulenheimo 1950-52
O.W. Louhivuori 1952-53
Bruno Suviranta 1953-67
Klaus Waris 1967-80
Jaakko Honko 1980-89
Jaakko Lassila 1989-92
Fedi Vaivio 1992- 95
Aatto Prihti 1995-2004
Matti Lehti 2005-2009

100 years anniversary

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School of Business celebrated its 100 years anniversary in 16 January 2011. The slogan for the anniversary year is On the Move! (Liikkeessä!). This phrase expresses confidence and a positive outlook regarding the future as well as activeness in building a better world.

The main event of the anniversary year was held on 20 January. Other events during the year included e.g. the Ceremonial Conferment of Master’s and Doctoral Degrees on 19-21 March where Dean, Professor Jyrki Wallenius acted as the promotor. At the conferment ceremony, the university conferred degrees on Masters of Science (Economics and Business Administration), Doctors of Science (Economics and Business Administration) and Doctors of Philosophy. Additionally, former students who took part in the conferment ceremony of 1961 were awarded the title ‘riemumaisteri’.

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This is School of Business

Presentation (pdf)