freshAre you a student from a developing country looking to study in Europe?
The GBSN Finland Scholarship 2025 might just be the life-changing opportunity you’ve been searching for.
In this post, we’ll walk you through everything you need to know about the GBSN Finland Scholarship 2025.
What is the GBSN Finland Scholarship?
The GBSN Finland Scholarship is a fully-funded scholarship program offered by the Hanken School of Economics in Finland in partnership with the Global Business School Network (GBSN).
The scholarship is designed for talented students from developing countries who want to pursue a master’s degree in economics or business.
The goal is to create future business leaders who can contribute to sustainable economic development in their home countries. This is more than just a scholarship, it’s a platform for students to gain world-class education and make a difference back home.
Who Is Eligible for the GBSN Finland Scholarship?
The GBSN Finland Scholarship is specifically targeted at students from countries that are members of the Global Business School Network (GBSN) and are classified as developing economies by the World Bank.
To be eligible, you must:
- Be a citizen of a GBSN member country classified as a developing country.
- Hold a bachelor’s degree (or be in your final year of undergraduate studies).
- Apply to Hanken School of Economics’ Master’s Program for 2025.
- Show strong academic performance.
- Have leadership potential and a desire to return home to contribute to economic development.
Note: You don’t need to be enrolled in a GBSN-member university to apply. It’s your nationality that matters most.
What Are the Benefits of the GBSN Finland Scholarship?
This is not your average scholarship. The GBSN Finland Scholarship 2025 is a full-ride package that covers almost all the expenses a student would incur while studying abroad.
Here’s what it includes:
- Full Tuition Coverage – 100% of the tuition fees for your master’s degree.
- Living Expenses Stipend – Support to help you pay for rent, food, and other daily costs.
- Health Insurance – Comprehensive student health care coverage during your studies.
- Mentorship & Networking – Access to the GBSN global network and professional development programs.
- Residence Permit Support – Assistance with applying for your Finland student visa.
- No Application Fee – You can apply for free.
The scholarship typically lasts for two years, covering the full duration of the master’s program.
Why Study in Finland?
Finland consistently ranks among the top countries for education, innovation, and quality of life. It’s also known for being one of the safest and most student-friendly places in the world.
Here are some of the reasons why students choose Finland:
- International Environment – English is widely spoken.
- Job Opportunities – Strong economy with openings for skilled graduates.
- World-Class Education – Finland’s universities are globally ranked.
- Quality of Life – Clean air, low crime, and natural beauty.
- Welcoming Society – Diverse and inclusive communities.
About Hanken School of Economics
Hanken is one of the oldest business schools in Northern Europe and is highly respected around the world. It is triple accredited (EQUIS, AMBA, and AACSB)—a distinction held by less than 1% of business schools worldwide.
Hanken focuses on:
- Strategic management
- Finance and economics
- Marketing and international business
- Social responsibility and sustainability
Hanken’s master’s programs are taught entirely in English.
GBSN: Global Business School Network
The Global Business School Network (GBSN) is a nonprofit organization that connects business schools from developing and developed countries. Its mission is to build management education capacity for the developing world.
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With over 100 member schools in 50+ countries, GBSN works to bridge the gap in business education and promote inclusive economic growth.
Eligible Countries
The scholarship is open to students from GBSN member countries that are classified as low-income or lower-middle-income economies. These typically include countries in:
- Africa (e.g., Nigeria, Kenya, Ghana, Ethiopia)
- Asia (e.g., India, Bangladesh, Vietnam)
- Latin America (e.g., Bolivia, Honduras, Guatemala)
- Middle East (e.g., Yemen, Syria)
- And others listed by the World Bank and GBSN directory
Check the GBSN members list to see if your country qualifies.
What Programs Can You Apply For?
At Hanken, the scholarship covers the following master’s programs (2 years, full-time):
- Master’s in Economics
- Master’s in Finance and Accounting
- Master’s in Marketing
- Master’s in Humanitarian Logistics
- Master’s in International Strategy and Sustainability
All courses are delivered in English and include group work, internships, and real-world projects.
How to Apply for the GBSN Finland Scholarship 2025
Step 1: Choose a Master’s Program
Decide which program at Hanken School of Economics you want to study.
Step 2: Gather Required Documents
You’ll need:
- A valid passport or ID
- Bachelor’s degree certificate or transcript
- Motivation letter (why you deserve the scholarship)
- CV/resume
- Proof of English proficiency (TOEFL, IELTS, or equivalent)
- Any work or leadership experience
Step 3: Apply to Hanken’s Master’s Program
Visit the official Hanken admissions page and complete the online application form. Indicate that you are applying for the GBSN Finland Scholarship in the relevant section.
Step 4: Wait for Review & Results
After submission, your documents will be reviewed by the admissions team. Shortlisted candidates may be invited for an interview.
Application deadline: Typically opens in November 2024 and closes in mid-January 2025.
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