University finance
The performance of Finnish universities is measured by, among other things, the number of degrees and publications produced. These numbers determine the amount of funding granted from the Government budget (i.e., core funding) to each university. To supplement its core funding, the University of Helsinki seeks external research funding from various sources.
The Uni­versity’s key fin­an­cial fig­ures

In 2019 the University’s operating result, or the result without taking investment activities into account, was €35 million in deficit. This result is in line with the budget and forecasts. Last year investments, or the price changes of securities, were so profitable that the University’s overall result was €15 million in the black. 

At the end of 2019, the number of employees was a little over 8,100, of whom more than 4,600 were teachers and researchers. Staff costs constituted almost two-thirds of overall expenses. Another considerable expense are the facilities required for studying, research and other activities.

University of Helsinki op­er­at­ing res­ult 2010–2019 and fore­cast for 2020–2023

University of Helsinki op­er­at­ing res­ult 2010–2019 and fore­cast for 2020–2023. Forecast made before the coronavirus crisis.

University of Helsinki rev­en­ues and ex­penses 2019

In 2019 the University of Helsinki’s total income amounted to €688 million, an increase of €11 million (1.6 %) compared to the previous year. The University’s total income is composed of core funding, external funding and the income from investment activities and fundraising.

The total expenditure of the University of Helsinki was €708 million, an increase of 2.6 % compared to the previous year. The largest expenditure items were personnel costs at €427 million (60 % of the total expenditure) and facility rents at €89 million (13 %). Personnel costs grew by €24 million, while other operating costs decreased by €3.2 million. 

Sources of ex­ternal research fund­ing 2019

The most important source of external research funding for the University is the Academy of Finland. The funding awarded by the Academy of Finland increased by approximately €5 million, totalling €109 million. The share of Academy of Finland funding of all research funding awarded to the University of Helsinki was 53 %. EU research funding increased by €3 million from the year before, totalling €31 million. The share of research funding awarded by Finnish foundations grew by €3 million to €28 million. 

More about our financials