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The Ilkka Kontula Foundation awards incentive scholarships for academic excellence to top-performing students who are pursuing a Bachelor of Science (Economics and Business Administration) and have earned at least 80 credits in their first three academic terms as an attending student. The recipients of the Ilkka Kontula Foundation scholarship receive a certificate of award and 1000 euros. 

Academic performance is determined on the basis of the weighted grade average of the credits earned in the first three academic terms in which the student has enrolled as an attending student. Only study attainments graded on a scale of 1 to 5 are included in the calculation of the weighted average grade. Study attainments graded Pass are not counted towards the average grade, but they are counted towards the total number of credits earned in the first three academic terms. 

The study credits for the third attendance term must be registered by the end of February, and the student has to apply for credit transfers by the first week of February at the latest. Please note! The processing time for credit transfer applications is three weeks.

The incentive scholarships of the Ilkka Kontula Foundation are awarded in May-April annually. 

The dean of the School of Business wants to encourage students to graduate with excellent grades in the target time set for their degree. To this end, the school publishes a Dean’s List in a special event every October. Students on the Dean’s List will receive an incentive scholarship of 1000 euros and a certificate of award.  

To make it to the Dean’s List, students must finish their degree within the target time set for the degree and rate among the top 3% in academic performance among the students who began their studies in the same year. Students do not need to apply for inclusion on the list: the school checks the eligibility of all its graduates at the end of each academic year. 

Academic performance is determined on the basis of the weighted average grade of all the studies towards the degree.  

The target time (or the normative duration of studies) is  

• no more than 10 academic terms as an attending student for those pursuing both a bachelor’s and master’s degree at the Aalto University School of Business. 
• no more than 4 academic terms as an attending student for those pursuing only a master’s degree at the Aalto University School of Business. 
• no more than 6 academic terms as an attending student for those pursuing only a bachelor’s degree at the Aalto University School of Business. 

The target time does not include terms that the student has been enrolled as a non-attending student.