Carlson School Exchange in Finland: Aalto University School of Business

Undergraduate Global Immersion

Program Dates:

The academic calendar at Aalto will differ from the University of Minnesota and all exchange students are expected to be at their host campus on the first day of orientation and through the last day of final exams.


Fall Semester 2024: 

  • Orientation: Last week of August
  • Semester Dates: September 2 - December 8, 2024
  • Exams: October 14-20 & December 2-8, 2024


Spring Semester 2025:

  • Orientation: First week of January
  • Semester Dates: January 8 -June 9, 2025
  • Exams: February 17-23 & April 7-13 & June 2-6, 2025


The priority deadline for Fall 2024 and Spring 2025 is February 1st, 2024 at noon.

Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland
Helsinki, Finland

Program Details

    What is a Business Exchange Program?

    • Successful exchange students demonstrate a high degree of independence, adaptability, and flexibility because support and services will be different from a US university
    • You are enrolled as an exchange student at a host university and take business courses in English
    • You take courses with students from the host university as well as other exchange students from around the world
    • You attend the host university according to their term dates which differ from the University of Minnesota
    • A small group of Carlson students are selected to study at each partner university per semester and are fully immersed in another country, culture, and education system
    • You will work closely with both Carlson School advisers and advisers from the host university for support pre-departure and during your semester abroad

    Established in 1911, the School of Business is the largest and leading business school in Finland.  Studying at the School of Business is a challenging and exciting opportunity to enrich one's academic knowledge and professional skills.  Highly qualified scientific research merges with corporate connections, providing students with a combination of extensive theoretical studies and real business life experiences. Helsinki is a major urban center and the northernmost capital of the European Union.  Finland is ranked among the best in OECD's Programme for International Student Assessment (PISA), an internationally standardized assessment for skills in science, mathematics and reading.  

    Helsinki is home to SLUSH, an annual fair where startups and technology talent meet with international investors. SLUSH started in 2009 as Aalto students' initiative with 300 participants. In 2016, SLUSH brought together over 15,000 attendees, 1,700 startups, 200 speakers, 4 stages, and more than 3,500 companies for the 2-day event. There were 1,500 student volunteers working to make it happen. Excellent opportunity to an exchange student to learn about the event by volunteering. In return, students get a certificate that they have volunteered at SLUSH. The philosophy being SLUSH is to help the next generation of great, world-conquering companies forward. 

    • The Carlson Global Institute strongly encourages students to live in the on-campus housing options as those are affiliated with and vetted by the partner institutions.
    • Students should check the host university website and fact sheet for specific accommodations information including on-campus and off-campus options, application process and deadline, and cost information.
    • Students on exchange programs take a full semester course load at their host university (12 UMN credits/semester, unless the host university credit requirement is higher).
    • Courses from exchange partners transfer back as transfer credit on the official UMN transcript. Transfer credit does not affect overall GPA.  
    • Business courses taught in English are available to exchange students.
    • Students participating in CGI semester exchange programs are strongly encouraged to enroll in the 1-credit Global Identity course for business students. This course helps you to develop your intercultural skills and articulate the value of your experience to future employers. It offers an additional layer of support through one-on-one interactions with your instructor that complements the independent structure of the exchange program.
    • For information about specific courses available to exchange students please meet with an adviser.
    • No host country language skills required
    • Preferred minimum GPA of 3.0
    • Students are held to business course prerequisites of the host institution
    • CGI strongly recommends that students completed both semesters of I-CORE prior to participating on a business exchange, although it is not required.  For students who want to participate on a business semester exchange prior to completing both I-CORE semesters:
      • Students pursuing a Marketing, MIS, or ACCT major need to have completed MAROON I-CORE prior to participating on a business semester exchange
      • Students pursuing a Finance, Entre, SCO, or HRIR major need to have completed GOLD I-CORE prior to participating on a business semester exchange
    • Although not required, we encourage students to complete some more major courses prior to participating on a business exchange.  Students should plan closely with their academic advisers prior to participating on a business semester exchange. 
    • The University of Minnesota shall provide equal access to and opportunity in its programs, facilities, and employment without regard to race, creed, color, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression.
    • All Carlson students are responsible for obtaining a passport before they participate on a study abroad program
    • All students participating on an exchange program will be responsible for obtaining a visa or residence permit if required by their host country.  The Carlson Global Institute does not process visa applications for students participating on exchange programs
    • The Carlson Global Institute and the host university will provide resources for visa and residence permit applications if necessary, but students will need to work with the consulate and/or visa processing company directly as well
    • Minnesota residents applying for the Finnish student residence permit may need to appear in person at the consulate in New York.  Please see the official consulate website for more details.
    • Visa and passport requirements are always subject to change by the host country and students are expected to check with the consulate for up-to-date information

    To apply for an exchange program you must first apply through the Carlson Global Institute on the Apply page. Students must use their UMN email address when creating their application account. You will be charged a $50 application fee. The priority deadline for Fall 2024 and Spring 2025 is February 1, 2024 at noon. Applications for programs that do not fill by the priority deadline will be accepted on a rolling basis until full. Applications will be reviewed and students will be informed of their status within 6 weeks of the priority deadline.  Once accepted into an exchange program, you will also complete an application to the host university.

    Most financial aid may be applied to study abroad. University of Minnesota students are eligible for education abroad scholarships. Please visit "Financial Aid" and "Scholarships" for more information.

Cost Estimate (Summary)

Expenses are based on a 5 month semester. These estimates will vary based on student preference and exchange rates. All details subject to change based on economic and international factors. Most financial aid may be applied to study abroad programs. Students should also maintain their U.S.-based health insurance plan while abroad. Visa and passport costs are subject to change. Please verify current documentation costs with the host country consulate. Carlson School tuition costs based on rates for MN residents registered for 12+ credits.

The Program Fee includes program administration costs, maintaining student status at the UMN for the exchange semester, and international travel, health and security insurance.


Estimated Expenses 2024-2025 Global Immersion Exchange (CGI Semester) UMTC On-Campus Costs (Carlson Semester)
Carlson School MN Resident Tuition (charged to UMN student account) $7,574 $7,574
Carlson School Tuition Surcharge (charged to UMN student account) $1,360 $1,360
Program Fee (charged to UMN student account) $2,500 N/A
UMN On-Campus Fees N/A $1,288
One credit online UMN Global Identity Course (optional) (charged to UMN student account) $200 N/A
Airfare (to and from program site) $1,500 N/A
Passport Fee $165 N/A
Visa Fee (based on US passport) $475
Books and Materials $200 $500
Housing & Food $4,000 $6,514
Essential Daily Living Expenses $1,500 $1,000
Miscellaneous $500 N/A
Total Program Cost $19,974 $18,650
Program Incremental Cost (additional cost for studying abroad vs. staying on-campus for a semester) $1,324 ($19,974 - $18,650) -


Grade & Credit Conversion Chart
Academic term(s)
Fall Semester
Spring Semester
Degree level
Host School
Aalto University School of Business
Carlson Global Institute (CGI)
Program Model
Partner University Business Exchange