High Productivity and Strong Finances Characterise Hanken’s 2016
Hanken’s status as triple accredited business school was enforced as Hanken renewed its AMBA-accreditation. Hanken was also ranked as fifth worldwide regarding citation and research co-operation in the international U-Multirank ranking.
Stable degree turnout, strong publication activities and increased student progression
The number of graduates at all educational levels remained stable and at a good level, following the targets agreed upon with the Ministry of Education and Culture. The number of bachelor’s degrees amounted to 250 (2015: 252, target 210), the number of graduated master’s students decreased somewhat to 257 (2015: 284, target 280), and the amount of doctoral degrees increased to 14 (2015: 9, target 16).
Student progression has improved and the share of students that complete at least 55 study credits during the year increased to 43,6 % (2015: 40,90, target 30).
The amount of scholarly publications is growing steadily with 361 publications in 2016, compared to 303 the year before.
International student body
Hanken continues to be the only university in Finland with a period abroad as a compulsory part of the bachelor’s degree. The overall student mobility (outgoing plus incoming exchange students) continues to grow. The number of students who spent at least three months on an international student exchange or internship rose from 408 (2015) to 462.
Hanken students are active students also abroad. The number of study credits done abroad rose to 6 296 (2015: 5 480). The incoming exchange students also perform well at Hanken and did 5 046 study credits (2015: 4 354)
The number of international degree students at Hanken remained stable.
Strong economy with improved balance sheet and return, and successful fundraising
In 2016, Hanken’s assets, as confirmed on the balance sheet, increased to EUR 113.3 million (EUR 105.6 million in 2015). The market value of the investment portfolio rose to EUR 81.1 million (EUR 75.0 million in 2015) and the book value of the properties was EUR 22.7 million (EUR 23.2 million in 2015).
The year resulted in a profit of EUR 2.0 million, of which most was due to returns on investment and financing operations (EUR 3.0 million). The portfolio returns for externally managed assets reached 7.3%.
The operative income totalled EUR 23.3 million (EUR 23.0 million in 2015) of which funding from the Ministry of Education and Culture stood at EUR 17.8 million (EUR 18.3 million in 2015). Operative expenses decreased somewhat and totalled EUR 24.2 million (EUR 25.1 million).
The fundraising campaign HANKEN RETURNS was successful in 2016 as well and received donations amounting to EUR 3.3 million (EUR 2.3 million in 2015). The campaign continues until the end of June 2017.
More information:
Rektor Karen Spens
karen.spens@hanken.fi
+358 50 564 3742