UNC Kenan-Flagler Business School

Shaping Leaders, Driving Results

UNC Kenan-Flagler Business School

Semester Study Abroad Program

Finland: Aalto University

Student Life
  • Overview

    Kenan-Flagler Global Programs (KFBS semester exchanges, KFBS summer programs, and KFBS short-term immersions) are ONLY open to students who have been admitted to the major or minor Undergraduate Business Program. Pre-business students and non-business majors and minors are not eligible to apply to Kenan-Flagler Global Programs. Admission status to the Undergraduate Business Program will be verified for all applicants.

    Established in 1911, the Aalto University School of Business is the leading business school in Finland and ranks among the best in Europe. The School provides students with a multidisciplinary, international learning experience. The focus is on teaching through real life challenges, real cases, consultancy projects, and internships, in close cooperation with the business community and the rest of the society. The School of Business is a community of 2,700 students and 103 faculty members with approx. 600 international students a year, totaling 16% of the student body.

    Visit the program's website

    Application checklist

    • GPA Requirement: 3.00 
    • Language Prerequisite: none
    • Class during program (min): Junior
    • Language of Instruction: English
    • Non-UNC may apply? No 

    Exchange Options
    • Undergraduate Exchange: Yes Exchange Only 
    • Graduate Exchange: No
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  • Program Terms and Dates

    This program is offered during the following terms: Fall, Spring

    Program dates are generally as follows:

    Fall - Early September to Mid December

    Spring​ - Early January to Late May

    Spring 2018 dates are January 2 - May 25

    Application Dates

    Spring 2018 Program:

    • ​​​Application opens: August 1, 2017
    • Application deadline for Spring 2018: September 12, 2017
    • Notification begins: September 20, 2017

    Fall 2018 Program:

    • ​​Application opens: November 1, 2017
    • Application deadline for Fall 2018: February 15, 2018
    • Notification begins: February 23, 2018
    Spring 2019 Program:
    • Application cycle opens: TBD
    • Application deadline for Spring 2019: March 22, 2018
    • Notification begins: April 6, 2018

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  • Academics

    Credit information for KFBS students

    Aalto University School of Business offers over 160 business courses taught in English. Aalto students can specialize their Economics and Business Administration major in Management, Accounting, Business Technology, Marketing, Finance, and Economics.

    All courses can be taken in English, and no prior study of Finnish language is expected. However, the Aalto University Language Centre does offer a Finnish Language and Culture course for interested students during their semester exchange.

    Courses taken at Aalto will transfer back to UNC as Pass/Fail. Achieving a grade of 3 (out of 5) or above will transfer back to UNC as a pass course, which will not affect UNC GPA. Students who receive any grade under 3 will fail the course and an F grade will transfer back to UNC, which will affect their UNC GPA. Though transfer credit for this program is Pass/Fail, future employers and graduate schools will also look at the Aalto School of Business transcript, so grades are important.

    Students participating on this program will transfer back 3 UNC credits for every 6 ECTS credit course, and are expected to take four to five courses worth 6 ECTS credits each during the semester. A student who earns a grade of 3 or above in all courses will receive a total of 12-15 UNC credits for their semester abroad.

    This program also fulfills Experiential Education and you will earn 5 points towards the Kenan-Flagler Inclusive Global Leadership Initiative. Full-time enrollment on this program is defined as a minimum of 12 credit hours.

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  • Housing

    In the Helsinki region there are two large student housing organizations that Aalto works with: HOAS (Foundation for Student Housing in the Helsinki Region) and AYY (Aalto University Student Union). Student apartments typically consist of 3-5 bedrooms, a shared living room, kitchen and bathroom. Student apartments are situated around the Helsinki area. Students apply for housing directly through the above organizations after you have been accepted into the exchange program. Please note that because there is limited student housing available, Aalto cannot guarantee student housing for everyone.

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  • Student Life

    Helsinki, the capital of Finland with a population of over 600,000, is located on the shore of southern Finland. Ranked as one of the most liveable cities in the world, Helsinki offers rich cultural heritage and a wide array of recreational activities. Islands, forests, and other outdoor pursuits are all within easy reach of the city center.

    Multidisciplinary learning is not only a facet of student life at Aalto, but is also appreciated throughout Helsinki and greater Finland. With nearly 100 new university startups launched annually, innovation and entrepreneurship are key components of life at Aalto. The university also develops and promotes art-based activities across disciplines, knowledge frameworks and communities.

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  • Budget

    Disclaimer: These budget figures are subject to change for various reasons, including but not limited to bank fees, UNC tuition and exchange rate fluctuations. In this event, your student account will be amended accordingly.
    Last cost update: August 2017

    Out-of-State Exchange Spring 2018

    Cashier Billed Expenses
    Study Abroad Fee1 $ 700
    Tuition & Fees $ 17,294
    Insurance: Student Coverage $ 208.74
    Cashier Billed Subtotal $ 18,202.74
    Out of Pocket Estimates
    Room $ 3,500
    Board $ 1,200
    Course Material $ 300
    Visa Fees $ 350
      Local Transportation Expenses
    $ 300
    Personal Expenses $ 1,500
    Personal Travel $ 1,500
    Airfare $ 1,500
    Out of Pocket Subtotal $ 10,150
    Grand Total $ 28,352.74

    In-state Exchange Spring 2018

    Cashier Billed Expenses
    Study Abroad Fee1 $ 700
    Tuition & Fees $ 4,449
    Insurance: Student Coverage $ 208.74
    Cashier Billed Subtotal $ 5,357.74
    Out of Pocket Estimates
    Room $ 3,500
    Board $ 1,200
    Course Material $ 300
    Visa Fees $ 350
      Local Transportation Expenses
    $ 300
    Personal Expenses $ 1,500
    Personal Travel $ 1,500
    Airfare $ 1,500
    Out of Pocket Subtotal $ 10,150
    Grand Total $ 15,507.74

    Special Notes

    1 The Study Abroad Administrative Fee will be billed to your student account only if you accept an offer from the Study Abroad Office to study abroad. In addition, Non-UNC Chapel Hill students will also be billed a $100 registration fee to register the student at UNC for the term of the study abroad program. Again, this $100 fee will be billed to the student account only if the Non-UNC student accepts an offer from the Study Abroad Office to study abroad.

    Funding your study abroad program

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  • Accessibility

    Please make an appointment with a Kenan-Flagler Global Programs Advisor via the Intranet if you would like to discuss this program. We work with students who are registered with the Accessibility Office or who may require certain accommodations for study abroad.

    Information about accessibility at Aalto University:


    Helpful resources and information about transportation accessibility in Helsinki:


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