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40-695: Admission to NHH is the most selective in the field of business administration in Norway and among the most selective of all study programs offered in Norway. The sole NHH undergraduate program consistently ranks among the most popular first choice for students applying for undergraduate study in Norway. In 2020, NHH was the most popular first choice of all undergraduate programs in Norway, with more than 2,100 first choice applications, and more than 5,000 in total, for 500 places. The school participates in exchange programs with more than 170 foreign business schools and universities in over 50 countries, and around 40 percent of

80-429: A leading business school, NHHS has many groups involved with economics and business issues. These groups maintain contact with the business community and serve to stimulate interest in and improve knowledge of various sectors Norwegians and international business. This is achieved through conferences, seminars, company visits, excursions in Norway and abroad and trainee programs in various businesses. The Student Association

120-592: A one-year additional course was offered to candidates who wanted to become teachers. In 1946 the Handelsdiplom course was extended to three years. After the World War II , American influence became more important and also started to influence NHH to a greater extent. Graduates and staff began to go to the US to continue their studies and work for a period, a trend that greatly increased in the 1960s and 1970s. By

160-447: A sub-discipline of law. Business administration was not regarded as an academic discipline, and no formal education program was available. NHH was founded to provide the first formal training in business studies with a two-year vocational degree, called handelskandidat ("candidate of commerce"). In 1963 the handelskandidat degree was renamed siviløkonom and it later evolved into a four-year degree. The school today offers degrees at

200-405: A varied student body. NHH has an equal number of men and women as of 2012. As a Norwegian public institution of higher education, NHH admits its students through Samordna opptak where applicants are ranked on a point scheme and the qualified candidates with the most points are granted admission. Undergraduate NHH students are secured transfers to the school's master's programmes after completing

240-637: Is CEO of Norges Bank Investment Management (NBIM) , the part of the Norwegian Central Bank responsible for managing Norway's sovereign wealth fund . 60°25′22.87″N 5°18′7.41″E  /  60.4230194°N 5.3020583°E  / 60.4230194; 5.3020583 CEMS - The Global Alliance in Management Education CEMS – The Global Alliance in Management Education or CEMS (formerly

280-507: Is led by a board of eight people - Kjernestyret. NHH alumni hold several important positions in Norwegian business and politics. Eldar Sætre is CEO of Equinor , Norway's largest company and the largest offshore oil and gas company in the world. Jon Fredrik Baksaas is CEO of Telenor , Norway's second largest company and one of the world's largest mobile phone operators. Siv Jensen is Norway's Minister of Finance and Yngve Slyngstad

320-543: Is led by an alumni board and is present in many countries through local committees of CEMS alumni. The local committees are responsible for keeping in contact with CEMS alumni and organizing professional and social activities. They meet regularly to discuss the activities and development of the association. The alumni board comprises the CAA President, the CEMS Executive Director, a representative of

360-547: Is part of six double degree arrangements: In 2012, NHH was ranked among the 101-150 best universities worldwide Economics/Business, and 901-1000 overall, by the Academic Ranking of World Universities . in 2013, NHH dropped to the 151-200 bracket in Economics/Business in the same ranking. As of 2022, NHH is ranked 301-500 worldwide for Economics and Econometrics by QS ranking. In 2013, NHH was ranked as

400-657: The Bologna declaration , it now comprises a 3-year Bachelor of Science in Economics and Business Administration combined with a 2-year Master of Science in Economics and Business Administration. NHH alumnus and Adjunct Professor Finn E. Kydland was awarded the Nobel Memorial Prize in Economic Sciences in 2004, together with Professor Edward C. Prescott of Arizona State University . Kydland

440-696: The 46th best European business school by the Financial Times . Like all public institutions of higher education in Norway, NHH does not charge tuition fees. However, a small semester fee of NOK 490 (roughly US$ 80) is charged. This money helps fund the Student Welfare Organisation in Bergen , which subsidises kindergartens, health services, housing and cultural initiatives. The Student Association at NHH (NHHS) has groups to accommodate many student interests. As would be expected for

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480-691: The CEMS Alumni Association (CAA) and facilitates general cooperation among its members. CEMS Master in International Management (CEMS MIM) is a one-year degree program for a select group of students at the member institutions, taught jointly by CEMS business schools and universities. Created in 1988 by founding members from the University of Cologne , HEC Paris , ESADE and the Bocconi University , it

520-663: The CEMS Student Board, a representative of CEMS member schools, three local committee representatives, two senior alumni and two junior alumni. It proposes and develops initiatives to foster career and personal development opportunities for its alumni members and represents alumni interests on the CEMS Executive Board. While students stay at partner universities, there are support groups called CEMS clubs through which CEMS students share their identities. The extended network of CEMS students spans schools across

560-539: The Community of European Management Schools and International Companies) is a cooperation of leading business schools and universities with multinational companies and NGOs . The CEMS Global Alliance includes 34 academic institutions on every continent, nearly 70 corporate partners and eight social partners (NGOs) from around the globe. CEMS administers the delivery of the CEMS MIM degree in its member schools, supports

600-602: The PRME (Principles for Responsible Management Education) declaration. The CEMS Alumni Association (CAA), founded in 1993 by CEMS graduates, is an international network of CEMS graduates throughout the world. To date, there are nearly 16,000 CEMS alumni. The Graduation Ceremony takes place each year during the CEMS Annual Events (usually at the end of November) which is hosted by one of the CEMS member schools. The CAA

640-492: The US educated doctoral graduates came back to NHH to teach and continue their research, but some stayed in the US and a few (like Kydland) returned to NHH only to later go back to the US to continue their work. As the faculty grew and developed so did the academic offerings, with several advanced level courses established. In 1963 the name of the Handelsdiplom degree was changed to siviløkonom , with graduate receiving

680-608: The annual number of graduates rose from 1 in 1985 to 12 in 1990. The focus on expansion and internationalisation of research was recognised in 1984 as NHH was ranked 7th globally and 3rd in Europe in the American Economic Review amongst economics schools or departments in non-English speaking countries by publications in leading journals. During this period, close relations with international research environments were also established. The international activities at

720-438: The bachelor's degree. Most student take advantage of this policy. In addition, students from other universities and business schools are admitted to the master's and doctoral programmes, and make up the graduate student body. The school offers one three-year undergraduate programme in Economics and Business Administration, taught in Norwegian. Most students continue their studies with a two-year master's degree, which together with

760-456: The early 1950s the need for a doctoral programme at NHH had grown. In 1956, NHH received permission from the Norwegian government to award doctorates and in 1957 the first doctoral candidate graduated from NHH. By the late 1950s NHH had outgrown its original premises and work began on developing a new campus for the school at Sandviken , just outside Bergen city centre. In 1963, the school moved to its new campus, an event which in many ways marked

800-438: The fields of economics and business administration in Norway. NHH annually admits 450 student to its sole undergraduate programme in Economics and Business Administration. The programme has for many years been the most popular undergraduate study programme in Norway, with more than 2000 "first priority" applicants annually and an admissions rate of around 20%. The school attracts applicants from all parts of Norway and aims to have

840-607: The master's and doctoral levels. At the end of the 19th-century, Oslo and Bergen business communities began discussing the need for a Norwegian business school. A number of schools had been opened across Europe, and during the early 20th-century several business schools were established in Scandinavia based on the German handelshochschule (business school) model. Among them was the Stockholm School of Economics which

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880-462: The organisation in December 2010. These are the first in a series of non-profits and NGOs that contribute to the alliance in a way identical to corporate partners (selection and admission of students, governance, curriculum delivery, proposal of internships and employment opportunities). This new initiative is part of a major sustainability drive from within CEMS. In the same vein, CEMS has also signed

920-428: The programme with human resources and input into the curriculum itself in each country they are based. Students are advised to arrange by themselves an internship partner which will accept the student intern for at least ten consecutive weeks. There are student visa requirements that each student takes responsibility to abide by, and the regulation varies by each local government. The first CEMS social partners joined

960-429: The same title. A master level programme, høyere avdelingstudium (HAS), was introduced in 1972 as a preparation for siviløkonom students wishing to continue on to doctoral studies; and in 1973 Professor Dag Coward established a master level programme for students wishing to specialise in auditing, accounting and the financial management of firms, the høyere revisorstudium (HRS). In 1975 the siviløkonom degree course

1000-643: The school have increased considerably and the international focus has become stronger over the years. In 1984 NHH established their first international exchange agreement with the Stockholm School of Economics, and in 1986 NHH became the first institution in Norway to offer a master's degree programme taught entirely in English - the Master of International Business (MIB). Following this, greater emphasis has been placed on exchange arrangements for students, and

1040-480: The school joined the prestigious Community of European Management Schools (CEMS) and the Erasmus programme in 1992 and the global Partnership in International Management (PIM) network in 1995. Student and staff numbers continued to rise throughout the 1980s and 1990s. By 1985 there were 1670 students and 198 members of staff in total. The siviløkonom qualification was extended to 5 years in 2003. In line with

1080-502: The school simplified and changed its English name from the Norwegian School of Economics and Business Administration to the Norwegian School of Economics . NHH has six academic departments: The school comprises over 2,800 full-time students and a total staff of over 330. NHH, together with two affiliated institutions, AFF (Administrative Research Institute) and SNF , form the largest centre for research and education within

1120-427: The school was established, but that it was based in Bergen. It closely linked to business community from the outset. When NHH first opened, there were less than ten academic staff with 60 students enrolling each year. The first degree course offered was the Handelsdiplom (business diploma) and graduates received the title Handelskandidat (business graduate). This was initially a two-year course and, starting in 1938,

1160-546: The school's students spend at least one semester on exchange. The school is a member of CEMS (The Global Alliance in Management Education) and the Partnership in International Management (PIM) network. It is accredited by EQUIS , AMBA and AACSB . Traditionally, economics was only taught at Norwegian universities, mainly at the University of Oslo , where it was first conceived, in the 19th-century as

1200-762: The student to already be enrolled or selected for a Master of Business degree with a member university before applying for the CEMS MIM. CEMS graduates receive a degree from their home institution as well as from CEMS. The CEMS MIM has consistently ranked among the top 10 in the Masters in Management Ranking since 2005 by the Financial Times. Schools offering the CEMS Master's in International Management (CEMS MIM): Nearly 70 corporate partners contribute financially on an annual basis and provide

1240-472: The three terms abroad. In addition to completing one's home degree, graduation from CEMS also requires completion of a business project, skill seminars, an international internship, and two foreign language exams. Each CEMS academic member has a limited number of places available. In many cases, schools have prerequisites to be admitted into the selection process, including a high-grade average and proof of language skills. The selection process typically requires

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1280-437: The transition to a new period characterised by a rapid increase in the number of students as well as teachers. The new campus provided a large increase in capacity and the annual intake of students increased from 60 to over 200. An important feature of this period was the growth and development of the faculty. The new facilities made it possible to employ many new, talented people and the importance of research as well as teaching

1320-619: The undergraduate degree completes the requirements for the Norwegian siviløkonom title. NHH offers eight master's profiles: Additionally, NHH offers a master's programme in Accounting and Auditing, as well as the CEMS Master's in International Management which is currently ranked as the world's second best Master's in Management programme by the Financial Times . The NHH PhD programme offers specialisations in five fields: NHH

1360-453: The world. Karl Borch Karl Henrik Borch (13 March 1919 – 2 December 1986) was a Norwegian economist who was a professor at NHH in Bergen , Norway between 1963 and 1986. He is considered one of the founders of economics of uncertainty, counting 150 scientific articles in journals and conference proceedings, and three books. This biographical article about a Norwegian academic

1400-502: Was Professor Karl Borch . During this time Professor Jan Mossin 's seminal paper "Equilibrium in a Capital Asset Market" was published in Econometrica , contributing significantly to the development of the capital asset pricing model (CAPM). About the same time as Mossin returned to NHH from Carnegie Mellon with his doctorate, future Nobel laureate Finn E. Kydland went to the same university for his doctoral studies. Most of

1440-420: Was extended to a four-year programme. In the early 1980s it was realised that the doctoral programme required updating and a new, structured PhD programme was introduced involving taught courses in addition to the research and writing of a thesis. This new PhD programme continued the focus on research at NHH, rather than just teaching. The first candidate to graduate from the new PhD programme did so in 1985 and

1480-475: Was founded in 1909. In 1917, Norway's parliament, the Storting , passed a resolution to establish a Norwegian business school. After much lobbying and hard work, especially by Kristoffer Lehmkuhl , NHH was finally opened by King Haakon VII on Monday 7 September 1936, ten years before the University of Bergen was established. The strong involvement of the business community in Bergen had ensured not only that

1520-576: Was giving a lecture at NHH when news of the award arrived. Prescott was a Visiting Professor of Economics at NHH in 1974-75. In 2007 NHH announced the launching of a new master programme taught fully in English, the MSc in Energy, Natural Resources and the Environment. Today, NHH is part of a global network of business schools and universities. International partner institutions include: On June 1, 2011,

1560-451: Was strengthened. Many successful graduates went to the US to study for doctorates and came back to NHH with international experience and a more research based focus. Many faculty members took advantage of sabbaticals to study and continue their research overseas, many textbooks were published and the volume of publications in international journals increased significantly. A driving force behind this expansion and internationalisation of research

1600-451: Was the first supra-national MSc. The aim of CEMS is to develop knowledge and provide education that is essential in the multilingual, multicultural and interconnected business world. The MIM Programme consists of three terms: two academic terms and one internship term. The two academic terms must be consecutive, while the internship term can take place at any time during the graduate period of studies. Students must spend at least two out of

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