Master Exchange Information Session 2016-2017 Minna Pekkanen Student Exchange Services 26 October, 2015
Who can go on exchange? Why to apply for exchange? When is the best time for exchange? Studies on exchange Where can I go? Most popular destinations 2015-2016 New destinations 2016-2017 Applying for exchange Selection criteria Results and second round Final confirmation of the exchange Costs / Scholarship Freemover exchange Other options More information
Who can go on exchange? Exchange studies can be included to all degree programmes at Aalto University School of Business (Aalto Biz) Exchange studies form a minor to student s degree, called International Study Module (ISM) Length of the exchange period approx. 1 semester Exchange studies can be included in both undergraduate (BSc) and graduate (MSc) degree Students who have GPA less than 3 cannot be selected 3
Why to apply for exchange? Possibility to study subjects that are unavailable at Aalto Employers appreciate the international experience High-quality exchange destinations Experiencing other countries and cultures Studies completed on exchange transferred to degree in full > simple way to complete minor in one semester Global Competence Language skills Networking New friends etc. 4
When is the best time for Master exchange? 1st or 2nd+ year, suitable semester depends on your degree program Bachelor students who will continue directly to Master Degree can apply for Master level exchange after completing 150 credits of Bachelor Degree studies -> Bachelor degree has to be completed before the exchange Exchange in fall 2016 > BSc graduation 7/2016 at the latest Exchange in spring 2017 > BSc graduation 12/2016 at the latest NB! Semester timing may vary depending on university If the exchange is the last component of your degree please note that credits transferred only when transcript received from exchange > may take several months Good planning = no delays on graduation! 5
Studies on exchange (1/2) Minor study module of the degree International Study Module (ISM) International Study Module in Master s degree / 24 ECTS Content very flexible: Studies from right level (mainly graduate level, MSc / MBA) From economics, business administration or related field OR from other fields of science if supporting business studies Courses from the field of your study programme provided that content differ from your programme studies at Aalto Courses you have not yet completed for your degree Max. 8 ECTS local language / culture studies 6
Studies on exchange (2/2) ISM can be a mixture of studies from different fields, e.g. marketing, finance, sociology etc. In addition to ISM, students have the possibility to substitute individual courses from their study program or to include an individual course to the degree (e.g. to elective studies) >preliminary approval before the exchange (credit-transferbiz@aalto.fi) Possibility to supplement ISM with certain Aalto Biz courses after exchange > requires a valid reason If less than 18 ECTS completed on exchange ISM cannot be formed to the degree 7
Where can I go? (1/2) Aalto University School of Business (Helsinki & Otaniemi Campuses) has 130 partner universities around the world ~ 100 of them offer graduate level exchange 8
Where can I go? Aalto BIZ offers exchange possibilities in 6 continents, in 40 countries, in approx. 120 universities, altogether over 400 places Some destinations only for Bachelors (UG), some only for Masters (G) and some for both Most of the graduate level exchange places outside Europe are in MBA programs (MSc vs. MBA) Final list of available exchange places 2016-2017 published in the beginning of the application period (preliminary list out before Christmas) Link to Exchange Finder in Into 9
Most popular destinations 2015-2016 The most popular countries 2015-2016 were USA, Australia and Canada Top four graduate destinations measured by the number of 1st choice applications University 1st choice All applicants slots available Queensland University of Technology (UG+G) Universitá Commerciale Luigi Bocconi (UG+G) 13 79 4 13 49 8 University of San Diego (G) 11 21 2 Auckland University of Tech. (UG+G) 10 59 2 10
New graduate destinations 2016-2017 Possible new destinations on graduate level 2016-2017 availability to be confirmed before the application period Melbourne Business School / Melbourne, Australia FGV EBAPE / Rio de Janeiro, Brazil Universidad Esan / Lima, Peru Florida Atlantic University / Boca Raton, USA (?) The University of Texas at Austin, McCombs School of Business / Austin, USA 11
Applying for Bachelor and Master exchange (1/2) Application period once a year in January, followed by second round in March In January 2016 application period for exchange places in fall 2016 and spring 2017 Application period to Bachelor and Master Exchange 2016-2017 Application period 11. - 29.1.2016 at 4.15pm Applicants studies checked for selection Wed 3.2. Results of the selection Fri 26.2. Student deadline for accepting the place Fri 4.3. 2nd round application period 8. -14.3. at 4.15 pm Applicants studies checked for selection Tue 15.3. Results of the 2nd round Thu 24.3. Student deadline for accepting the place Thu 31.3. 12
Applying for Bachelor and Master exchange (2/2) Online application, link to the system opened in Into at the beginning of the application period Possibility to state 10 choices in order of preference + wild card Appendices to the application o o o o o Motivation letter Curriculum Vitae (CV) Official, approved ehops / PSP where ISM marked as minor (not required from BSc students applying for MSc exchange) Relevant language certificates or other certificates Application deadline January 29th, 2016 at 4.15 pm 13
Selection criteria (1/2) The most important selection criterion is so called "success in studies index". It is formulated as follows: credits x weighted GPA Number of present semesters Studies that are part of the current degree (Bachelor OR Master) and completed during the official study right at Aalto Biz are taken into account Students who have GPA less than 3 points cannot be selected. 14
Selection criteria (2/2) Language skills o In most of the exchange universities studies can be completed in English o Only a few universities require language tests (TOEFL, IELTS) from Aalto BIZ students o The required level in the language of instruction is minimum B2 (CEFR) o Usually no requirements for the local language of the country (some knowledge of local language recommended especially in Latin America and Japan) o NB! If language of instruction other than English on exchange, please provide a statement of your skills e.g. from your language teacher. Requirements set by the exchange universities o Some universities set their own requirements e.g. regarding grades or work experience 15
IMPORTANT! Exchange studies are always part of the degree International Study Module has to be included to the official and approved ehops already at the time of application only exception BSc students applying for MSc exchange! The success in studies index is formulated based on ehops Keep your ehops up-to-date and remember to get it approved by your study coordinator! The study index for Bachelor student applying for Master exchange will be counted based on Bachelor ehops remember to update it! BSc students are considered as BSc students as long as they have not officially graduated = BSc diploma awarded (not enough that all BSc studies have been completed) 16
Results and second round The results of the exchange selection will be out on Friday Feb 26th Email will be sent to all applicants, also for those who are rejected Selected students have to either accept or not accept the place offered (Fri 4.3. at the latest) Students who have accepted a place in the 1st round cannot apply in the 2nd round It is possible to apply in the 2nd round even if the applicant have not applied in the 1st round 17
Final confirmation of the exchange At this point, students are selected on exchange internally by Aalto University School of Business, based on the criteria received from the exchange universities After selection International Student Services nominates the students to receiving exchange universities > application process for the university in question Exchange place is finally certain when you receive acceptance letter from exchange university NB! Most of the students going on exchange in spring 2017 will not have the application process for the exchange university until fall 2016 18
Costs / Scholarship No tuition fees in the exchange university if selected through the official Bachelor and Master application process > application fees etc. possible Students are responsible for all the other costs concerning the exchange (accommodation, flights, study materials etc.) Scholarship automatically from Aalto Biz for all the selected students, 2015-2016 the scholarship 1500 in total!changing scholarship policy in Erasmus exchange! If you are entitled to student financial aid, you will get that on exchange too You can also apply for travel support from KY, please check www.kyweb.fi 19
Freemover exchange Exchange place can also be arranged independently Cannot be any of the Aalto Biz partner universities The university has to meet the quality requirements set by Aalto Biz (please check Into > Internationalisation and studies abroad > freemovers) Application period for freemover scholarship twice a year, in April and in November If scholarship is granted the exchange will become official and the studies can be transferred to the degree as ISM Remember to apply for the scholarship before the exchange The amount of scholarship 2015-2016 is 1500 20
CEMS Master s in International Management (MIM) Program CEMS MIM is a one year's specialization program (a joint degree program) in international management that consist of specific CEMS courses, seminars, a semester-long Business Project, workshops in career related skills, and an exchange semester at another CEMS University consistently ranked among the top Master s in Management programs in the world by the Financial Times Students will graduate with two diplomas - MSc from Aalto and CEMS MIM For more information, visit www.cems.org or contact CEMS Programme Manager Liisa Kotilainen liisa.kotilainen@aalto.fi Application period 1.12.2015 18.1.2016 Upcoming information session 1.12.2015 at 2 pm /E-127 21
Double Degrees A double master's is completed during two academic years, one spent at Aalto University School of Business and one at the host university At the moment Aalto BIZ has double degree agreements with the following universities: University of Cologne, Germany Université Catholique de Louvain, Belgium University of Queensland, Australia (programme specific double degree for MIB) Tongji University, China (programme specific double degree for IDBM) ESADE, Spain (programme specific double degree for IDBM) A student graduating from the double degree programme will have two official Master s degrees More information: misela.vaisanen@aalto.fi 22
More information From Into > Internationalisation and studies abroad Travel reports, blogs Web pages of the exchange universities Brochures of the exchange universities opposite International Student Services office Facebook Aalto University students go abroad Incoming exchange students at Aalto Biz Student Exchange Services 23
Contact information Student Exchange Services Main building, A-wing, 1st floor Consulting hours at 9.30-11.30 am from Mon to Thu Other times: outgoing-biz@aalto.fi Tel. 040 353 8116 24