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90-580: Today, the terminal has a regular connection to Stockholm , acting as Silja Line 's Helsinki terminal. Over 1.5 million passengers travel through the Olympia Terminal annually. A currency exchange point, an ATM and a café are present in the building. Silja Line ’s MS Silja Serenade and MS Silja Symphony operate daily to Stockholm ’s Värtahamnen , departing at 17:00. The Helsingin Meriasema (English: Helsinki Marine Station ),

180-740: A MSc at the Stockholm School of Economics or another university in Sweden or abroad. Yearly, roughly 300 students are enrolled in the BE programme. The Bachelor of Science in Retail Management is a three-year program (180 ECTS credits). The BSc in Retail Management is a specialised program focused mainly on retailing. During the third year of the program students are taking an Applied retail track where theory and practice are combined. BSc in Retail Management makes you eligible to most of

270-484: A plague killed about 20,000 (36 percent) of the population. After the end of the Great Northern War the city stagnated; population growth halted and economic growth slowed. The city was in shock after having lost its place as the capital of a great power . However, Stockholm maintained its role as Sweden's political centre and continued to develop as the country's economic and cultural capital. During

360-540: A Master's thesis worth 30 ECTS credits. 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. There are offered two specializations: Applied Economic Analysis and International Economics. The MSc in Finance is a program designed for students with a background in finance or business. As well as

450-404: A deed of foundation published by the school of business Association, the founding members up to 28 February 1907 are listed. The founders consisted of 109 merchants, 47 bank directors or similar, 26 mill owners or similar, 9 engineers, 16 other city councillors, barons or similar, and three companies. Most of the members were men, but one person was female. Two families were overrepresented, namely

540-766: A history going back to the conservatory founded as part of the Royal Swedish Academy of Music in 1771, the Royal University College of Fine Arts , which has a similar historical association with the Royal Swedish Academy of Arts and a foundation date of 1735, and the Swedish National Academy of Mime and Acting , which is the continuation of the school of the Royal Dramatic Theatre , once attended by renowned actors like Greta Garbo . Other schools include

630-470: A major European power, reflected in the development of the city of Stockholm. From 1610 to 1680 the population multiplied sixfold. In 1634, Stockholm became the official capital of the Swedish empire. Trading rules were also created that gave Stockholm an essential monopoly over trade between foreign merchants and other Swedish, Baltic and Scandinavian territories. In 1697, Tre Kronor Castle burned down and

720-514: A modern and ethnically diverse city in the latter half of the 20th century. Many historical buildings were torn down during the modernist era, including substantial parts of the historical district of Klara (which caused major controversy), and replaced with modern architecture. However, in many other parts of Stockholm (such as in Gamla stan , Södermalm , Östermalm , Kungsholmen and Vasastan ), many older buildings, blocks and streets built before

810-465: A result of this massive population growth, there has been a proposal to build densely packed high-rise buildings in the city centre connected by elevated walkways, though these have been opposed by several groups. Stockholm is located on Sweden's east coast at the 59th parallel north, where the freshwater Lake Mälaren —Sweden's third-largest lake—flows out into the Baltic Sea. The central parts of

900-779: A scale unprecedented since the reign of Queen Christina . During this time, Carl Michael Bellman and Joseph Martin Kraus helped develop the city's music, a process further accelerated by the founding of the Royal Swedish Opera . Various artists and writers became prominent, funded by the king and other cultural patrons like Carl Gustaf Tessin ; the two aforementioned figures laid the base for Sweden's Nationalmuseum at this time. Science also became prevalent; renowned figures like Carl Linnaeus and Anders Celsius spent time in Stockholm, and various research institutes, like

990-466: A similar latitude, or even farther south. With an average of 1900 hours of sunshine per year, it is also one of the sunniest cities in Northern Europe, receiving more sunshine than Paris, London and a few other major European cities of a more southerly latitude. Because of the urban heat island effect and the prevailing wind travelling overland rather than sea during summer months, Stockholm has

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1080-527: Is Sweden's primary financial centre , one of the largest in Scandinavia, and hosts several of Sweden's largest companies. Furthermore, the headquarters of most of Sweden's largest banks are in Stockholm. Stockholm is one of Europe's major tech centres; the city has sometimes been called Europe's innovation hub. The Stockholm region has a GDP of around $ 180 billion, and Stockholm County has the highest GDP per capita of all counties in Sweden . Stockholm

1170-532: Is a private business school located in city district Vasastaden in the central part of Stockholm , Sweden . SSE offers BSc , MSc and MBA programs, along with PhD - and Executive education programs . SSE is accredited by EQUIS and is a member of CEMS . SSE has founded sister organizations: SSE Riga in Riga , Latvia , and SSE Russia in St Petersburg and Moscow , Russia . It also operates

1260-407: 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

1350-543: Is also responsible for financial administration and long-term development. The City Executive Board consists of 13 members, who represent both the majority and the opposition. Its meetings are not open to the public. Stockholm City Hall is one of the city's key landmarks, built in the National Romantic Style at the beginning of the twentieth century. Hosting the Nobel Prizes and the government of

1440-726: Is an administrative unit defined by geographical borders. The semi-official name for the municipality is City of Stockholm ( Stockholms stad in Swedish). As a municipality, the City of Stockholm is subdivided into district councils, which carry responsibility for primary schools, social, leisure and cultural services within their respective areas. The municipality is usually described in terms of its three main parts: Innerstaden ( Stockholm City Centre ), Söderort (Southern Stockholm) and Västerort (Western Stockholm). The districts of these parts are: The modern centre Norrmalm (concentrated around

1530-572: Is based on export-oriented services, often towards larger, nearby European markets like Poland or Germany. Tourism is a major industry in Stockholm. Research and higher education in the sciences started in Stockholm in the 18th century, with education in medicine and various research institutions such as the Stockholm Observatory . The medical education was eventually formalised in 1811 as Karolinska Institutet . KTH Royal Institute of Technology ( Swedish: Kungliga Tekniska högskolan )

1620-513: Is projected to reach 1,079,213 by 2030. Of the inhabitants, 482,982 were men and 492,569 women. The average age is 39 years; 40.1% of the population is between 20 and 44 years. The marimonial statistics are that 411,273 people, or 42.2% of the population, over the age 15 were unmarried; 268,291 people, or 27.5% of the population, were married; and 104,099 or 10.7% of the population, had been married but divorced. As of December 2021, there were 252,750 foreign-born people in Stockholm, making up 25.8% of

1710-584: Is the capital and most populous city of the Kingdom of Sweden , as well as the largest urban area in the Nordic countries . Approximately 1 million people live in the municipality , with 1.6 million in the urban area , and 2.4 million in the metropolitan area . The city stretches across fourteen islands where Lake Mälaren flows into the Baltic Sea . Outside the city to the east, and along

1800-530: Is the name of the local assembly. Its 101 councillors are elected concurrently with general elections , held at the same time as the elections to the Riksdag and county councils . The Council convenes twice every month at Stockholm City Hall , and the meetings are open to the public. The matters on which the councillors decide have generally already been drafted and discussed by various boards and committees. Once decisions are referred for practical implementation,

1890-743: Is the official residence and principal workplace of the Swedish monarch, while Drottningholm Palace in neighbouring Ekerö serves as the Royal Family 's private residence. Stockholm's location appears in Norse sagas as Agnafit , and in Heimskringla in connection with the legendary king Agne . Birka , located near Stockholm, was one Sweden's major trade centres during the Viking Age , and its restored remains are one of Stockholm County 's most-visited sites. The earliest written mention of

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1980-777: Is the seat of the Swedish government and most of its agencies , including the highest courts in the judiciary , and the official residences of the Swedish monarch and the Prime Minister . The government has its seat in the Rosenbad building, the Riksdag (Swedish parliament) is seated in the Parliament House , and the Prime Minister's residence is adjacent at the Sager House . Stockholm Palace

2070-459: The Age of Enlightenment in the late eighteenth century, the city flourished. The new monarch, Gustav III , proved an able and energetic regnant; his economic policies helped the Swedish economy develop, and his partially successful war against Russia restored some of Sweden's international reputation. The king was an avid patron of the arts, and scientists and cultural figures flocked to Stockholm on

2160-504: The Association of Professional Schools of International Affairs (APSIA), a group of schools of public policy, public administration, and international studies. For Master programmes, applicants have to have a GMAT score of over 600 and a TOEFL iBT score of over 100 in order to be considered suitable for applying. In the academic year 2012/2013 the university received 3261 applications for the four Masters programmes which it offered at

2250-650: The Hanseatic League . Stockholm developed strong economic and cultural linkages with Lübeck , Hamburg , Gdańsk (Danzig), Visby , Tallinn (Reval), and Riga during this time. The strategic and economic importance of the city made Stockholm an important factor in relations between the Danish Kings of the Kalmar Union and the Swedish national independence movement in the fifteenth century and early sixteenth century. The Danish King Christian II

2340-574: The MSc programmes at SSE and also other MSc programmes in Sweden or abroad. Compared to SSE's Business and Economics programme the Retail Management programme offers fewer student places, 60 opposed to 300. The Master of Science in Business and Management is a two-year program (120 ECTS credits). There are offered three specializations: International Business (CEMS), Management and Marketing & Media Management. Within their specialization, students write

2430-493: The Stockholm Observatory , were founded. The early nineteenth century saw a major economic decline of Stockholm and Sweden as a whole, but by the second half of the nineteenth century, Stockholm had regained its leading economic role. New industries emerged with industrialisation and Stockholm was transformed into an important trade and service centre as well as a key gateway point within Sweden. The population also grew dramatically during this time, mainly through immigration . At

2520-528: The Swedish Museum of Natural History , as well as the botanical garden Bergianska trädgården . The Stockholm School of Economics , founded in 1909, is one of the few private institutions of higher education in Sweden, and is generally reckoned one of the most prestigious business schools in the world. In the fine arts , educational institutions include the Royal College of Music , which has

2610-504: The 16th century. In 1625, the Great Stockholm Fire of 1625 destroyed the southwestern section of Stadsholmen , an island in the centre of Stockholm. The amount of destruction led to the beginning of the demolition of the Stockholm walls. Today, most of the younger city walls cannot be found anywhere above ground. However, parts of the northern city walls are preserved in the modern Museum of Medieval Stockholm . In 1710,

2700-573: The American Friends of SSE – an affiliated alumni group, based in the US. 4. Joining any of the unofficial alumni groups and networks, maintained by the alumni themselves, e.g. in the UK. SSE has about 70 partner universities and each academic year, SSE sends over 180 students abroad on exchange and hosts over 180 exchange students from all over the world. The majority of the exchange places are part of

2790-712: The City Executive Board. The Mayor holds a special position among the Vice Mayors, chairing both the Council of Mayors and the City Executive Board. The City Executive Board ( Swedish : Kommunstyrelsen ) is elected by the City Council and is equivalent to a cabinet . The City Executive Board renders an opinion in all matters decided by the council and bears the overall responsibility for follow-up, evaluation and execution of its decisions. The Board

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2880-524: The European Institute of Japanese Studies ( Japanese , kanji : 欧州日本研究所, Japanese, romaji : Ōshū Nihon kenkyūjo), a research institute in Tokyo , Japan . The banker Knut Agathon Wallenberg donated 100 000 SEK in 1903 (Equivalent to around 7 million SEK in 2023) to lobby for founding a business school in Stockholm. Wallenberg considered that "It was important to raise the social status of

2970-616: The European Union. The Stockholm Stock Exchange , founded in 1863, is the largest stock exchange in the Nordic Countries measured by market capitalisation, listing numerous multinational Swedish companies. Trade is a vital part of Stockholm's economy; the city's corporations are largely reliant on foreign consumers to supplement the small Swedish market. Stockholm is one of the Baltic Sea's larger ports, hosting especially cruise ships and yachts. Most of Stockholm's economy

3060-694: The FT Masters in Management ranking. The latest ranking placed the program 7th out of 100 participating top international business schools. The MSc in Accounting, Valuation, and Financial Management is also a two-year program (120 ECTS). After a core of four courses in the first semester, students are allowed to choose between a limited number of courses in the second semester. In the third semester, students may apply for an exchange program, an executive trainee program, or free choice of electives. In

3150-659: 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 , Secretary-General of the United Nations in New York City , United States. The school is a full member of

3240-473: The Olympia Terminal ceased in 2005. The terminal and its ferry docks were renovated in 1989/1990 to handle larger ships. The facility includes two cruiseferry docks and sets of driving ramps. [REDACTED] Media related to Olympia Terminal at Wikimedia Commons 60°09′40″N 024°57′29″E  /  60.16111°N 24.95806°E  / 60.16111; 24.95806 Stockholm Stockholm ( Swedish: [ˈstɔ̂kː(h)ɔlm] )

3330-571: The President's list award. Completion of studies on time entails having completed all courses in connection with the examination retake period in August at the latest. Stockholm School of Economics offers the following programmes: The educational programmes are mostly conducted in English. However, there are some elective courses given in Swedish at bachelor's- and master's programmes as well as

3420-499: The SSE Executive Education. The Bachelor of Science in Business and Economics is a three-year program (180 ECTS credits). The BSc in Business and Economics is a program designed for students with an interest in a broad business education, including subjects as economics, finance, accounting, marketing, management, entrepreneurship, data analytics, business law and strategy. The program makes you eligible to study

3510-486: 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. Bertil Ohlin received

3600-583: The Söderberg and Wallenberg families. The founders were predominantly based in Stockholm, Djursholm, or Saltsjöbaden. However, the academic background among the school's founders was almost entirely nonexistent. 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

3690-472: The alumni are the so-called SSE IFL Networkers, previous participants at IFL open or custom programs, these sum up to an additional 10 000. SSE maintains contacts with its alumni in a number of different ways; both through direct and indirect contacts and through various types of communication channels. Contacts are administered through the SSE Alumni Office . Today, many alumni are involved in

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3780-572: The alumni events arranged by SSE Alumni Office 2. Networking through the SSE Alumninet, a web portal open to holders of an SSE diploma. Alumninet had some 14 000 members as of January 2013, or through the official LinkedIn groups maintained by SSE 3. Membership in the Alumni Association of the Stockholm School of Economics – an alumni association sponsored and organized by alumni for Swedish-speaking graduates of SSE – or by joining

3870-621: The annual Nobel Prize ceremonies and banquet at the Stockholm Concert Hall and Stockholm City Hall . One of the city's most prized museums, the Vasa Museum , is the most visited museum in Scandinavia. The Stockholm metro , opened in 1950, is well known for the decor of its stations; it has been called the longest art gallery in the world. The city was the host of the 1912 Summer Olympics , and has played host to several other international sports events since. Stockholm

3960-568: The autumn the leaves change color. During the winter months, the trees lose their leaves. For details about the other municipalities in the Stockholm area, see the pertinent articles. North of Stockholm Municipality: Järfälla , Solna , Täby , Sollentuna , Lidingö , Upplands Väsby , Österåker , Sigtuna , Sundbyberg , Danderyd , Vallentuna , Ekerö , Upplands-Bro , Vaxholm , and Norrtälje . South of Stockholm: Huddinge , Nacka , Botkyrka , Haninge , Tyresö , Värmdö , Södertälje , Salem , Nykvarn and Nynäshamn . Stockholm Municipality

4050-449: The business community ever since. 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), and Bertil Ohlin (professors of economics). Heckscher

4140-641: The city consist of fourteen islands that are continuous with the Stockholm archipelago . The geographical city centre is situated on the water, in Riddarfjärden bay. Over 30% of the city area is made up of waterways and another 30% is made up of parks and green spaces. Positioned at the eastern end of the Central Swedish lowland and near the Bergslagen region, the city's location reflects

4230-455: The city is said to have been founded by Birger Jarl to protect Sweden from sea invasions made by Karelians after the pillage of Sigtuna on Lake Mälaren in the summer of 1187. Stockholm's core, the present Old Town ( Gamla Stan ) was built on the central island next to Helgeandsholmen from the mid-13th century onward. The city originally rose to prominence as a result of the Baltic trade of

4320-530: The city of Stockholm, it is one of Sweden's most important buildings. As the primary financial centre in Sweden, Stockholm is an influential hub for trade, finance and technology in Europe , and one of Scandinavia's largest financial centres. The Stockholm region is the leading region in Sweden by both GDP and GDP per capita, and is amongst the ten wealthiest regions in the European Union when measured by

4410-455: The coast, is the island chain of the Stockholm archipelago . The area has been settled since the Stone Age , in the 6th millennium BC, and was founded as a city in 1252 by Swedish statesman Birger Jarl . The city serves as the county seat of Stockholm County . Stockholm is the cultural, media, political, and economic centre of Sweden. The Stockholm region alone accounts for over a third of

4500-571: The country's GDP , and is among the top 10 regions in Europe by GDP per capita . Considered a global city , it is the largest in Scandinavia and the main centre for corporate headquarters in the Nordic region. The city is home to some of Europe's top-ranking universities, such as the Karolinska Institute (medicine), KTH Royal Institute of Technology , Stockholm School of Economics and Stockholm University . It hosts

4590-415: The current municipal area. In the ensuing decades several other areas were incorporated (such as Brännkyrka Municipality in 1913, at which time it had 25,000 inhabitants, and Spånga in 1949). The municipal border was established in 1971; with the exception of Hansta, in 1982 purchased by Stockholm Municipality from Sollentuna Municipality and today a nature reserve. The population was 984,748 in 2022 and

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4680-414: The day after that, MS  Aallotar arrived. The Olympic pier was first used by cruise ships to Stockholm. When the Olympia Terminal was completed in 1952, it was visited by over 90,000 passengers annually, but only in summer and autumn. Silja Line started all-year-round traffic from the Olympia Terminal to Stockholm in 1972 and regular traffic to Tallinn in 1995. However, regular traffic to Tallinn from

4770-646: The design school Konstfack , founded in 1844, the University College of Opera (founded in 1968 but with older roots), the University College of Dance , and the Stockholms Musikpedagogiska Institut (the University College of Music Education). The Södertörn University was founded in 1995 as a multi-disciplinary institution for southern Metropolitan Stockholm , to balance the many institutions located in

4860-643: The early orientation of Swedish trade toward the Baltic region. Stockholm belongs to the Temperate deciduous forest biome, which means the climate is very similar to that of the far northeastern area of the United States and coastal Nova Scotia in Canada . The average annual temperature is 7.9 °C (46 °F). The average rainfall is 531 mm (21 in) per year. The deciduous forest has four distinct seasons, spring, summer, autumn, and winter. In

4950-499: The employees of the City administrations and companies take over. The elected majority has a Mayor and eight Vice Mayors. The Mayor and each majority Vice Mayor is the head of a department, with responsibility for a particular area of operation, such as City Planning. The opposition also has four Vice Mayors, but they hold no executive power. Together the Mayor and the 12 Vice Mayors form the Council of Mayors, and they prepare matters for

5040-505: The end of the nineteenth century, less than 40% of the residents were Stockholm-born, with most migrants being from poorer rural Sweden; major settlement began to expand outside the historical city limits. The nineteenth century also saw the establishment of a number of scientific institutes and universities, including the Karolinska Institutet and KTH Royal Institute of Technology . The General Art and Industrial Exposition

5130-445: The first time the student are taking the course. The person responsible for the course have the opportunity to award up to 10% of the students with Outstanding Achievement. The award does not impact the calculation of the student's Grade Point Average (GPA). Furthermore, the 10 percent of students with the highest GPA in the BSc programmes who complete the studies on time, that is, no later than three years after they were enrolled, receive

5220-430: The following: Each committee is headed by a president , who is also a member of the board of the student association. Moreover, there is a president of the whole SASSE who are elected each year by the students at the school. Stockholm School of Economics (SSE) alumni are defined as previous students that have graduated from one of SSE's degree programs. Today, there are some 14 000 alumni in this network. In addition to

5310-418: The founding of a business school as both positive and necessary. The report was subsequently used to propagate for the centrality of founding a business school in Stockholm. Later on, a circular letter was written where people from the Stockholm Bourgeoisie was offered to pay 400 SEK per year to become initiating members of the school of business association ( Handelshögskoleföreningen ). In an appendix to

5400-428: The fourth and final semester, students work in pairs on a thesis. Students may also apply for a double degree with a CEMS Msc in International Management degree. The SSE EMBA program was 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. The SSE PhD Program

5490-458: The lack of student accommodations, the difficulty in finding other accommodations and the high rent. The Stockholm region is home to around 22% of Sweden's total population, and accounts for about 29% of its gross domestic product . The geographical notion of "Stockholm" has changed over time. By the turn of the 19th century, Stockholm largely consisted of the area today known as City Centre, roughly 35 km (14 sq mi) or one-fifth of

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5580-399: The largest investment firms in Europe are headquartered in the city, including Investor AB and Nordstjernan ; also headquartered in Stockholm is EQT AB . Stockholm is one of continental Europe's leading hubs for the technology industry; this influential industry is based in Kista , a suburb in northern Stockholm which is Europe's largest Informations and Technology cluster. Stockholm has

5670-513: The latter. Many of Sweden's largest companies are headquartered in the city; they are drawn by its central location, skilled workforce and preeminent financial sector. These companies include some of the Nordic region 's most valuable corporations, like Ericsson , which is one of the world's largest telecommunications companies, or Atlas Copco , which is one of the world's largest industrial companies; other large companies based in Stockholm include Electrolux , H&M and Securitas AB . Some of

5760-447: The merchant class". Lobbying was necessary because the classical tradition in western thought has a long-standing disdain for commerce, dating back to the ancient Greeks. This disdain was also evident during the Middle Ages, when trade was considered equivalent to theft and seen as a dirty and vulgar occupation. During this time, merchants were known in swedish as: Krämare , from the greek chrema (money), were socially scorned, even by

5850-404: The modernism and functionalism movements survived this era of demolition. Throughout the century, many industries shifted away from industrial activities into more high-tech and service industry areas, which still dominate the city's economy today. Stockholm's metropolitan area has become one of the fastest-growing regions in Europe. In 2020 alone, Stockholm's population increased by 1,477. As

5940-435: The most precipitation falling in December and January (as either rain or snow). The average winter temperatures range from −3 to −1 °C (27 to 30 °F), and occasionally drop below −20 °C (−4 °F) in the outskirts of the city. Spring and autumn are generally cool to mild. The climate table below presents weather data from the years 1991–2020. According to ongoing measurements, the temperature has increased during

6030-437: The name Stockholm dates from 1252, by which time the mines in Bergslagen made it an important site in the iron trade. The first part of the name ( stock ) means log in Swedish, although it may also be connected to an old German word ( Stock ) meaning fortification . The second part of the name ( holm ) means islet and is thought to refer to the islet Helgeandsholmen in central Stockholm. According to Erik's Chronicle

6120-482: The northern part of the region. Other institutes of higher education include the Military Academy Karlberg , the world's oldest military academy to remain in its original location, inaugurated in 1792 and housed in Karlberg Palace ; there is also the Swedish Defence University , Ersta Sköndal University College , Swedish School of Sport and Health Sciences and the University College Stockholm . The biggest complaints from students of higher education in Stockholm are

6210-426: The number of daylight hours is relatively small during winter – about six hours – while in June and the first half of July, the nights are relatively short, with about 18 hours of daylight. Due to its eastern position within Sweden's respective time zone, sunsets occur as early as 2:46 PM in mid-December. Around the summer solstice the sun never reaches further below the horizon than 7.3 degrees. This gives

6300-458: The other master programs it is a two-year program with 120 ECTS. There are offered two specializations: Corporate Finance and Investment management. The MSc in International Business is a two-year program targeting students who see the world as their home and is fully integrated with CEMS MIM . The current CEMS Club Board is represented by Martina Mariani, Sebastian Schaaf and Julia Gerwien. The MSc Program in International Business takes part in

6390-539: The population. Around 57.5% of them (143,167) immigrated to Sweden when they were at least 10 years old, and 109,213 (43.9%) of them were foreign citizens. The largest nationality groups among the foreign-born people were the Iraqis (16,137), followed by Finns (15,693), Iranians (12,329) and Poles (11,569). Of the population, 336,275 residents (34.4%) of Stockholm had a foreign-background. Stockholm School of Economics The Stockholm School of Economics ( SSE ; Swedish : Handelshögskolan i Stockholm , HHS )

6480-535: The queen for several years prior to his death. Inventors, like Christopher Polhem , moved to the city during the time of the Swedish Empire. Academics also spent much time in Stockholm, like Olaus Rudbeck , rector of the Uppsala University . Throughout Sweden's history, walls were created in Stockholm to defend the city from attacks. These defensive walls were modified throughout the 13th to

6570-536: The school's advisory board, the alumni association's board, the Student Association et al. , all aligned to SSE activities. Even more alumni return to the School as guest lectures, or sponsors of course projects, as suppliers of internship opportunities, or as recruiters from large companies. Currently, if an alumnus wishes to connect with another SSE graduate, they have five primary options: 1. Attending

6660-656: The second most unicorns per capita in the world, after Silicon Valley; the city also has one of the highest startup rates in Europe. Prominent startup technology companies in Stockholm include Mojang , Spotify and Klarna ; the latter two either have been or are among the largest startup companies in the world. Most of Sweden's largest banks are headquartered in the city, including the SEB Group , Handelsbanken and Swedbank ; Nordea had its headquarters in Stockholm until moving to Helsinki in 2018 for legal reasons involving

6750-495: The sky a bright blue colour in summer once the sun has set because it does not get any darker than nautical twilight . Also, when looking straight up towards the zenith , few stars are visible after the sun has gone down. This is not to be confused with the midnight sun , which occurs north of the Arctic Circle , around 7 degrees farther north. The Stockholm Municipal Council ( Swedish : Stockholms kommunfullmäktige )

6840-421: The time. Therefore, the according acceptance rate would have been low. SSE uses a 5-grading scale which includes the following, Excellent (5.0), Very Good (4.0), Good (3.5), Pass (3.0) and Fail (0.0). A Grade Point Average (GPA) is giving between 3.0 and 5.0. There is also a possibility to obtain an award, Outstanding Achievement, which implies that the student gets at least Excellent as final grade, and that it's

6930-452: The town square Sergels torg ) is the largest shopping district in Sweden . It is the most central part of Stockholm in business and shopping. Stockholm has a humid continental climate in the 0 °C isotherm ( Köppen : Dfb ) bordering on an oceanic climate ( Cfb ) in the -3 °C isotherm. Although winters are cold, average temperatures generally remain above 0 °C for much of

7020-534: The upper class, and were perceived as unproductive individuals solely interested in "making money.". Continuing the lobbying the Wallenberg family also financed a study trip where the doctor in philosophy Helmer Keys set out to travel through Europe to collect data that could motivate the decision to establish a business school. This resulted in the report called "on the centrality of trade-schools (Swedish: Om betydelsen av handelshögskolor", where Key presented

7110-918: The warmest July months of the Nordic capitals. Stockholm has an annual average snow cover between 75 and 100 days. Despite its mild climate, Stockholm is located further north than parts of Canada that are above the Arctic tree line at sea level. Summers average daytime high temperatures of 20–25 °C (68–77 °F) and lows of around 13 °C (55 °F), but temperatures can reach 30 °C (86 °F) on some days. Days above 30 °C (86 °F) occur on average 1.55 days per year (1992–2011). Days between 25 °C (77 °F) and 30 °C (86 °F) are relatively common especially in July and August. Night-time lows of above 20 °C (68 °F) are rare, and hot summer nights vary from 17 to 18 °C (63 to 64 °F). Winters generally bring cloudy weather with

7200-399: The year. Summers are pleasantly warm, and precipitation occurs throughout the year. Due to the city's high northerly latitude, the length of the day varies widely from more than 18 hours around midsummer to only around 6 hours in late December. The nights from late May until mid-July are not completely dark even when cloudy. Stockholm has relatively mild weather compared to other locations at

7290-457: The year. The precipitation is not uniformly distributed throughout the year. The second half of the year receives 50% more than the first half. Snowfall occurs mainly from December through March. Snowfall may occasionally occur in late October as well as in April. In Stockholm, the aurora borealis can occasionally be observed. Stockholm's location just south of the 60th parallel north means that

7380-506: The years 1991–2020 as compared with the last series, from 1961 to 1990. This increase averages about 1.0 °C (1.8 °F) over all months. Warming is most pronounced during the winter months, with an increase of more than 2.0 °C (3.6 °F) in January. For the 2002–2014 measurements some further increases have been found, although some months such as June have been relatively flat. The highest temperature ever recorded in Stockholm

7470-464: Was 36 °C (97 °F) on 3 July 1811; the lowest was −32 °C (−26 °F) on 20 January 1814. The temperature has not dropped to below −25.1 °C (−13.2 °F) since 10 January 1987. The warmest month ever recorded was July 2018 with a mean temperature of 22.5 °C (72.5 °F) which is also the nationwide record. Annual precipitation is 546.4 mm (21.51 in) with around 170 wet days and light to moderate rainfall throughout

7560-602: Was able to enter the city in 1520 and on 8 November of that year, a massacre of opposition figures called the Stockholm Bloodbath took place and set off further uprisings that eventually led to the breakup of the Kalmar Union with the attainment of Swedish independence. With the accession of Gustav Vasa in 1523 and the establishment of royal power, the population of Stockholm began to grow, reaching 10,000 by 1600. The seventeenth century saw Sweden grow into

7650-505: Was at this time also established for specialised higher educational institutions outside the universities, such as the Royal Institute of Technology , (Kungl.) Tekniska högskolan , which bore that name from 1877. The Stockholm School of Economics was formally founded in 1909 on private initiative as a response to rapid industrialization and a growing need for educated businessmen and company managers and has maintained close ties with

7740-473: Was founded in 1827 and is Scandinavia's largest higher education institute of technology with 13,000 students; it is Sweden's foremost polytechnic, and spearheaded several governmental research projects in the twentieth century. Stockholm University , founded in 1878 with university status granted in 1960, has 52,000 students as of 2008 . It also incorporates historical institutions, such as the Observatory,

7830-553: Was held in 1897, drawing international attention. From 1887 to 1953 the Old Stockholm telephone tower was a landmark; originally built to link phone lines, it became redundant after these were buried, and it was later used for advertising before its demolition in the twentieth century. The early twentieth century also saw the creation of the Nobel Prizes , some of Stockholm's most renowned institutions. Stockholm became

7920-432: Was launched more than 60 years ago and has graduated more than 500 PhDs. There are three separate PhD programs at SSE: The Student Association at the Stockholm School of Economics ( SASSE , Swedish : Handelshögskolans i Stockholm studentkår ; abbreviated HHSS) is the chief organ of student government at SSE. The student association is organized into eight committees with different responsibilities. The committees are

8010-465: Was opened on 16 July 1952, just before the Olympics. The building was designed by architects Aarre Hytönen and Risto-Veikko Luukkonen. The first ship to use the new passenger pavilion was SS  Bore I , arriving from Stockholm on the opening day. SS Bore I was also the first ship to depart from the harbour, as it set off on its return journey at 19:00. The next day, MS  Brynhild arrived and

8100-479: Was replaced eventually by Stockholm Palace ; the time of the Swedish Empire also saw several architectural modernisations of the city. The beginning of the Swedish Empire saw a renaissance in the arts and sciences; the new queen, Christina , was a strong supporter of science and culture. Réne Descartes , one of the most prominent European philosophers of his time, died in Stockholm; he had been hosted by

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