Stockholm School of Economics

 

For the school of economic thought, see Stockholm school (economics).

Stockholm School of Economics
Handelshögskolan i Stockholm
Established	1909
Type	Private
President	Prof. Rolf Wolff
Admin. staff	300
Students	1,700
Doctoral students	230
Location	Stockholm, Sweden
Campus	Urban
Colours
Affiliations	CEMS, EUA, ICEDR, EFMD
Website	www.hhs.se

The main building of the school, designed by Ivar Tengbom and built 1925–1926, is located at Sveavägen in central Stockholm.

Professor Eli Heckscher, founder of economic history as an independent academic discipline.

Professor Gunnar Myrdal received the Nobel Memorial Prize in Economic Sciences in 1974.

Professor Bertil Ohlin developed the Heckscher-Ohlin model, the standard international mathematical model of international trade; received the Nobel Memorial Prize in Economic Sciences in 1977.

The Stockholm School of Economics (SSE) or Handelshögskolan i Stockholm (HHS) is a European business school. Its Masters in Management program is ranked no. 17 worldwide by the Financial Times. QS ranks SSE no.26 among in the field of economics worldwide. SSE is a private business school that receives 85% of its financing from private sources.

The School is fully accredited by EQUIS and the school is also a Swedish member institution of CEMS together with universities such as London School of Economics, Tsinghua University and HEC Paris.

In 2012 the university received 3261 applications for the 150 available places on their Master in Science programs.

SSE offers both bachelors and masters degree programs, MBA and PhD programs as well as providing extensive executive education customized and open programs.

SSE has founded sister organizations in the Baltic states: the SSE Riga in Riga, Latvia, and the SSE Russia in St Petersburg, Russia. It also operates a research institute in Tokyo, Japan; the EIJS (European Institute of Japanese Studies); and a recently founded undergraduate- and research institution; Center for Retailing; geared towards retailing, in Norrtälje, Sweden.

History

The Stockholm School of Economics was founded in 1909 on private initiative as a response to rapid industrialization and a growing need for well educated businessmen and company managers and has maintained close ties with the business community ever since. The foundation followed a substantial donation in 1903 by Knut Agathon Wallenberg. The name handelshögskola (roughly "college of commerce") was a parallel to the German term Handelshochschule, used by a number of German institutions started in the years before, commencing with Handelshochschule Leipzig in 1898. The term högskola was at this time also established for specialised higher educational institutions outside the universities, such as the Royal Institute of Technology, (Kungliga) Tekniska högskolan, which bore that name from 1877.

While founded as a business school, the subject of economics featured prominently in the research and curriculum of the school from the beginning.

The most well known scholars of the Stockholm School of Economics are arguably the economists Eli Heckscher (professor of economics and statistics 1909–1929, professor of economic history 1929–1945), Gunnar Myrdal and Bertil Ohlin (professors of economics). Heckscher is also known as the founder of economic history as an independent academic discipline and his work Svenskt Arbete och Liv is a fundamental work within this subject.

Ohlin was also a leading figure within the school of doctrine with the same name, the so-called Stockholm school; a group of leading Scandinavian economists influenced by Knut Wicksell, most of them active in Stockholm, either at the Stockholm School of Economics or the Stockholm University College. This school of doctrine was to have a profound influence on post-WWII Swedish economic policy and the development of the modern Scandinavian Welfare state. Heckscher and Ohlin jointly developed the so called Heckscher-Ohlin theory, the standard international mathematical model of international trade. Gunnar Myrdal received the Nobel Memorial Prize in Economic Sciences in 1974 (shared with his ideological nemesis, Austrian economist Friedrich Hayek); Bertil Ohlin received the Nobel Prize in Economics in 1977 (shared with British economist James Meade). Other prominent members of the Stockholm school were the Stockholm University professor Gustav Cassel, who developed standard economic theory of Purchasing power parity and economist Dag Hammarskjöld, general secretary of the United Nations in New York city, USA.

Programs

Stockholm school of economics offers following programs:

• Bachelor's program in Business & Economics
• Bachelor's program in Retail Management
• Master in Business and Management (with sub-specialties in Managemant and Marketing & Media Management, Economics, Finance)
• Master in Finance & Accouting (with sub-specialities of Investment Management, Corporate Finance and Accounting & Financial Management)
• Master in Economics
• Master in General Management
• PhD program with three specializations (Business Administration, Economics, Finance)
• MBA program (offered in executive format)

The master programs are all conducted in English.

SSE Master of Science in Business and Management

The Master of Science in Business and Management is a two year program. (120 ECTS credits) There are offered two specializations: Management and Marketing & Media Management. Within their specialization, students write a Master's thesis worth 30 ECTS credits. In 2012 626 students applied for the Management specialization and 410 for the specialization of Marketing & Media Management.

SSE Master of Science in General Management

The MSc in General Management is business program launched by SSE, targeting students with bachelor’s degrees in subjects other than Business or Economics, i.e. engineering, social science law or medicine. The first class of 40 students begun the new program in August 2009. 426 students applied for this program in 2012.

SSE Master of Science in Economics

The MSc in Economics is a program designed for students with a background in economics or business. As well as the other master programs it is a two year program with 120 ECTS. In 2012 599 students applied to this program.

SSE Master of Science in Finance & Accounting

The MSc in Finance & Accounting is also a two years program. (120 ECTS) There are offered three different specializations: Investment Management, Corporate Finance and Accounting & Financial Management. In 2012 1200 students applied for this program.

SSE Masters of Business Administration (MBA), Executive Format

The SSE EMBA program has been launched in 2001. Since 2001, the year the Financial Times began its Executive MBA ranking, the SSE Executive MBA has been the first in the Nordic league. Worldwide its average rank in the last three years was 56.

Alumni

See also: List of Stockholm School of Economics people

• Ruben Rausing, founder of the packaging company Tetra Pak.
• Bertil Ohlin. Professor at the SSE; developed the Heckscher-Ohlin model on international trade and received the Nobel Memorial Prize in Economic Sciences in 1977.
• Jan Carlzon, CEO of SAS Group.
• Fredrik Eklund, Real Estate Mogul and porn actor

See also

• Student Association at the Stockholm School of Economics
• Stockholm School of Economics Alumni Association
• Stockholm School of Economics in Riga
• Stockholm School of Economics Russia
• List of business schools in the Nordic countries
• Stockholm school (economics)

Jonathan Macey, Sam Harris Professor of Corporate Law, Corporate Finance and Securities Law, Yale Law School, Ph.D. honoris causa, 1996.

External links

• Handelshögskolan i Stockholm Stockholm School of Economics (official site)
• SSE MBA Executive Format in Stockholm English