The Norwegian School of Economics () or NHH is a business school situated in Bergen, Norway. It was founded in 1936 as Norway's first business school and is the leading teaching and research institution in Norway for the fields of management and business administration. 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 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 The EFMD Quality Improvement System (EQUIS) is a business school accreditation managed by Brussels based EFMD. It provides accreditation for higher education institutions of management and business administration and is run by the European Fou ...

AMBA Amba or AMBA may refer to: Title * Amba Hor, alternative name for Abhor and Mehraela, Christian martyrs * Amba Sada, also known as Psote, Christian bishop and martyr in Upper Egypt Given name * Amba, the traditional first name given to the first ...

and

AACSB The Association to Advance Collegiate Schools of Business (AACSB) is an American professional and accreditation organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to business ...

History

Traditionally,

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

was only taught at Norwegian universities, mainly at the

University of Oslo The University of Oslo (; ) is a public university, public research university located in Oslo, Norway. It is the List of oldest universities in continuous operation#Europe, oldest university in Norway. Originally named the Royal Frederick Univ ...

, where it was first conceived, in the 19th-century as 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 A vocation () is an occupation to which a person is especially drawn or for which they are suited, trained or qualified. Though now often used in non-religious contexts, the meanings of the term originated in Christianity. A calling, in the reli ...

degree, called ''handelskandidat'' ("candidate of commerce"). In 1963 the ''handelskandidat'' degree was renamed ''

siviløkonom Siviløkonom () is an academic degree issued within the field of business administration. It consists of a 3 year bachelor's degree followed by a two years masters degree and is also a professional title in Norway (with corresponding titles in D ...

'' and it later evolved into a four-year degree. The school today offers degrees at the master's and doctoral levels.

1900–1936: Establishing a business school in Norway

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 Scandinavia is a subregion#Europe, subregion of northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. ''Scandinavia'' most commonly refers to Denmark, Norway, and Sweden. It can sometimes also ...

based on the German ''handelshochschule'' (business school) model. Among them was the

Stockholm School of Economics The Stockholm School of Economics (SSE; , HHS) 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 progr ...

which was founded in 1909. In 1917, Norway's parliament, the

Storting The Storting ( ; ) is the supreme legislature of Norway, established in 1814 by the Constitution of Norway. It is located in Oslo. The Unicameralism, unicameral parliament has 169 members and is elected every four years based on party-list propo ...

, passed a resolution to establish a Norwegian business school.

1936–1963: NHH opens and sets to work

After much lobbying and hard work, especially by Kristoffer Lehmkuhl, NHH was finally opened by

King Haakon VII Haakon VII (; 3 August 187221 September 1957) was King of Norway from 18 November 1905 until his death in 1957. The future Haakon VII was born in Copenhagen as Prince Carl of Denmark. He was the second son of the Crown Prince and Crown Princess ...

on Monday 7 September 1936, ten years before the

University of Bergen The University of Bergen () is a public university, public research university in Bergen, Norway. As of 2021, the university had over 4,000 employees and 19,000 students. It was established by an act of parliament in 1946 consolidating several sci ...

was established. The strong involvement of the business community in Bergen had ensured not only that 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, 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 World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

, 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 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.

1963–1980: A new campus and rapid growth

By the late 1950s NHH had outgrown its original premises and work began on developing a new campus for the school at

Sandviken Sandviken is a locality and the seat of Sandviken Municipality in Gävleborg County, Sweden with 26,438 inhabitants in 2023. It is situated about 25 km west of Gävle and lies approximately 190 km north of Stockholm. The rail journey t ...

, just outside Bergen city centre. In 1963, the school moved to its new campus, an event which in many ways marked 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 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 was Professor

Karl Borch Karl Henrik Borch (13 March 1919 – 2 December 1986) was a Norwegian economist who was a professor at NHH in Bergen, Norway Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country located on the Scandinavian Penins ...

. During this time Professor

Jan Mossin Jan Mossin (1936–1987) was a Norwegian economist. Born in Oslo, he graduated with a siv.øk. degree from the Norwegian School of Economics (NHH) in 1959. After a couple of years in business, he started his PhD studies in the spring semester of 1 ...

's seminal paper "Equilibrium in a Capital Asset Market" was published in

Econometrica ''Econometrica'' is a peer-reviewed academic journal of economics, publishing articles in many areas of economics, especially econometrics. It is published by Wiley-Blackwell on behalf of the Econometric Society. The current editor-in-chief is ...

, contributing significantly to the development of the

capital asset pricing model In finance, the capital asset pricing model (CAPM) is a model used to determine a theoretically appropriate required rate of return of an asset, to make decisions about adding assets to a Diversification (finance), well-diversified Portfolio (f ...

(CAPM). About the same time as Mossin returned to NHH from

Carnegie Mellon Carnegie may refer to: People *Carnegie (surname), including a list of people with the name **Andrew Carnegie, Scottish-American industrialist and philanthropist * Clan Carnegie, a lowland Scottish clan Institutions Named for Andrew Carnegie * ...

with his doctorate, future

Nobel laureate The Nobel Prizes (, ) are awarded annually by the Royal Swedish Academy of Sciences, the Swedish Academy, the Karolinska Institutet, and the Norwegian Nobel Committee to individuals and organizations who make outstanding contributions in th ...

Finn E. Kydland Finn Erling Kydland (born 1 December 1943) is a Norwegian economist known for his contributions to business cycle theory. He is the Henley Professor of Economics at the University of California, Santa Barbara. He also holds the Richard P. Simmon ...

went to the same university for his doctoral studies. Most of 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 ''

'', with graduate receiving 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 Dag Coward (1910–2000) was a Norwegian economist who served as the fourth rector of the Norwegian School of Economics (NHH) from 1964–1972. Born in Kristiansand he studied at the University of Oslo The University of Oslo (; ) is a publ ...

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 was extended to a four-year programme.

1980–2000: Specialisation and international expansion

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 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 The ''American Economic Review'' is a monthly peer-reviewed academic journal first published by the American Economic Association in 1911. The current editor-in-chief is Erzo FP Luttmer, a professor of economics at Dartmouth College. The journal is ...

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 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 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.

2000–present: Continued growth and development into the 21st century

The ''siviløkonom'' qualification was extended to 5 years in 2003. In line with the

Bologna declaration The Joint Declaration of the European Ministers of Education convened in Bologna on 19 June 1999 is the main guiding document of the Bologna process. It was adopted by ministers of education of 29 European countries at their meeting in Bologna in 1 ...

, it now comprises a 3-year

Bachelor of Science A Bachelor of Science (BS, BSc, B.S., B.Sc., SB, or ScB; from the Latin ') is a bachelor's degree that is awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Scienc ...

in Economics and Business Administration combined with a 2-year

Master of Science A Master of Science (; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree. In contrast to the Master of Arts degree, the Master of Science degree is typically granted for studies in sciences, engineering and medici ...

in Economics and Business Administration. NHH alumnus and Adjunct Professor

was awarded the

Nobel Memorial Prize in Economic Sciences The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (), commonly referred to as the Nobel Prize in Economics(), is an award in the field of economic sciences adminis ...

in 2004, together with Professor

Edward C. Prescott Edward Christian Prescott (December 26, 1940 – November 6, 2022) was an American economist. He received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, Nobel Memorial Prize in Economics in 2004, sharing the award with ...

Arizona State University Arizona State University (Arizona State or ASU) is a public university, public research university in Tempe, Arizona, United States. Founded in 1885 as Territorial Normal School by the 13th Arizona Territorial Legislature, the university is o ...

. Kydland 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: *

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...

University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a Public university, public Land-grant university, land-grant research university in Berkeley, California, United States. Founded in 1868 and named after t ...

New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...

Duke University Duke University is a Private university, private research university in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present-day city of Trinity, North Carolina, Trinity in 1838, the school moved to Durham in 1 ...

HEC Paris HEC Paris () is a business school and ''grande école'' located in Jouy-en-Josas, a southwestern outer suburb of Paris, France. It offers Bachelor, MiM, MSc in International Finance, MBA, EMBA, executive education, professional developm ...

Bocconi University Bocconi University or Università Bocconi (formally known in Italian language, Italian as ''Università Commerciale Luigi Bocconi'' – Luigi Bocconi Commercial University) is a private university in Milan, Italy. The university is consistently ...

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

Imperial College London Imperial College London, also known as Imperial, is a Public university, public research university in London, England. Its history began with Prince Albert of Saxe-Coburg and Gotha, Prince Albert, husband of Queen Victoria, who envisioned a Al ...

On June 1, 2011, the school simplified and changed its English name from the Norwegian School of Economics and Business Administration to the Norwegian School of Economics.

List of rectors

# Ingvar Wedervang, 1936–1956 # Eilif W. Paulson, 1956–1957 # Rolf Waaler, 1957–1963 #

, 1964–1972 # Olav Harald Jensen, 1973–1978 # Gerhard Stoltz, 1979–1984 # Arne Kinserdal, 1985–1990 # Leif Methlie, 1990–1995 # Carl Julius Norstrøm, 1995–1998 #

Victor Norman Victor Danielsen Norman (24 July 1946 – 20 September 2024) was a Norwegian economist, politician for the Conservative Party and newspaper columnist. He was a professor of economics at the Norwegian School of Economics (NHH) and sst chairman o ...

, 1999–2001 #

Per Ivar Gjærum Per Ivar Gjærum (born 10 August 1948) a Norwegian organizational theorist, and Emeritus Associate Professor of Finance and Management Science at the Norwegian School of Economics (NHH). His specialty fields involve investment and project analysis ...

, 2001–2005 # Jan I. Haaland, 2005–2013 # Frøystein Gjesdal, 2013–2017 # Øystein Thøgersen, 2017–

Organization

NHH has six academic departments: * Department of Accounting, Auditing and Law * Department of Business and Management Science * Department of Economics * Department of Finance * Department of Professional and Intercultural Communication * Department of Strategy and Management 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 SNF may refer to: Organizations * National League of Sweden (previously ''Sveriges Nationella Förbund''), youth organisation * SNF Floerger, polyacrylamide manufacturer * Somali National Front, a political armed movement * Stavros Niarchos Fou ...

, form the largest centre for research and education within the fields of economics and business administration in Norway.

Admissions

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 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 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.

Academics

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 the undergraduate degree completes the requirements for the Norwegian

title. NHH offers eight master's profiles: * Financial Economics * Business Analysis and Performance Management * Economic Analysis * Marketing and Brand Management * Economics * Strategy and Management * International Business (taught in English) * Energy, Natural Resources and the Environment (taught in English) 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 ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

. The NHH PhD programme offers specialisations in five fields: * Accounting * Economics * Finance * Management Science * Strategy and Management

Double degree arrangements

NHH is part of six double degree arrangements: *

- MSc in Sustainable Development (HEC) / MSc in Economics and Business Administration (NHH) *

Louvain School of Management The Louvain School of Management (LSM, formerly IAG) is the international business school of the University of Louvain (UCLouvain), Belgium, founded in 1897. The faculty offers courses on the campuses of Louvain-la-Neuve, UCLouvain FUCaM Mons an ...

Mannheim Business School Mannheim Business School (MBS) is the umbrella organization for management education at the University of Mannheim. The school was established in 2005 following the faculty of business of the University of Mannheim decision to bundle their MBA pr ...

- MSc in Management (University of Mannheim) / MSc in Economics and Business Administration (NHH) *

Monterrey Institute of Technology and Higher Education Monterrey Institute of Technology and Higher Education (ITESM; ), also known as Technological Institute of Monterrey () or just Tec, is aresearch university based in Monterrey, Mexico, which has grown to include 35 campuses located across 25 cit ...

Richard Ivey School of Business Ivey Business School is the main business school of Western University, located in London, Ontario, Canada. It offers full-time undergraduate and graduate programs in London, Ontario and maintains a Toronto facility for its EMBA program and two ...

Lancaster University Lancaster University (officially The University of Lancaster) is a collegiate public university, public research university in Lancaster, Lancashire, England. The university was established in 1964 by royal charter, as one of several new univer ...

- MSc in International Business (Lancaster) / MSc in Economics (NHH)

Rankings

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 The ''Academic Ranking of World Universities'' (''ARWU''), also known as the Shanghai Ranking, is one of the annual publications of world university rankings. The league table was originally compiled and issued by Shanghai Jiao Tong Universi ...

. 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 the 46th best European business school by the

Student life

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 The Student Welfare Organisation in Bergen () or SiB was a Norwegian student welfare organisation in Bergen, Norway and was responsible for the welfare of about 30,000 students in 2015. It covered the following institutions: *University of Be ...

, 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 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 is led by a board of eight people - Kjernestyret. * NHH has several bands and choirs. Although each choir and band has their own distinct character and charm, they do have some common features. The musical groups with a long history at NHHS include the male choir Svæveru', the female choir

Sangria Sangria ( , ; ) is an alcoholic beverage originating in Spain and Portugal. A punch, sangria traditionally consists of red wine and chopped fruit, often with other ingredients or spirits. Under EU regulations only Spain and Portugal can ...

, the mixed choir

Optimum Mathematical optimization (alternatively spelled ''optimisation'') or mathematical programming is the selection of a best element, with regard to some criteria, from some set of available alternatives. It is generally divided into two subfiel ...

, the student orchestra Direksjonsmusikken and the Big Business Band. * NHH also has school teams in several sports, including badminton, basketball, soccer, lacrosse, volleyball, handball, golf, indoor bandy and diving. * Every two years NHHS organises a three-week music festival called UKEN. The origins of UKEN date back to 1946 when the students at NHH organised the first ''studenteruken'' or students' week. After 1980 UKEN developed into a much broader event and it has now grown into the second largest festival in Western Norway. * The largest event held by NHHS for the business community is Symposiet, a visionary biennial

conference A conference is a meeting, often lasting a few days, which is organized on a particular subject, or to bring together people who have a common interest. Conferences can be used as a form of group decision-making, although discussion, not always d ...

at which leading executives, researchers and students from Norway and abroad participate. * Profileringsutvalget (PU - the Promotion Committee) is a student union group responsible for promoting the student union internally and externally. The group is responsible for arranging the general assembly, the strategic forum and also the student elections. * Næringslivutvalg (NU - the Business Committee) is the main link between students at the NHH and employers worldwide. They establish contact between companies looking to recruit and students looking for jobs, and provide all the necessary services needed by both parties. * In addition to the on-campus facilities at NHH, NHHS also owns the cabin Kramboden in the mountains south west of Bergen. Many of the clubs and societies within NHHS organize trips to Kramboden and students can rent the cabin themselves for a reasonable price. * NHHS has its own TV news program, K7 Minutter and a wide variety of groups cover various sports, economics and business topics, music and other interests. A selection of groups that have been very popular among international students in the past include: * The local committee of

AIESEC AIESEC ( ) is an international "youth-run" and led, non-governmental and not-for-profit organization that provides young people with business development internships. The organization focuses on empowering young people to make a progressive soc ...

at NHH is one of the original seven founding committees. AIESEC is the world's largest student-run organization focusing on leadership development, through a large internship program. *

Amnesty International Amnesty International (also referred to as Amnesty or AI) is an international non-governmental organization focused on human rights, with its headquarters in the United Kingdom. The organization says that it has more than ten million members a ...

, a human rights organization focusing on the release of prisoners of conscience. NHH has its own chapter of Amnesty International. * Friluftsgruppa (Hiking group) arranges tours in the mountains of varying length and intensity every semester. * GEP (Global Economic Perspectives) focuses on the consequences of global economic activity. GEP has no political affiliation. The group's main focus is to arrange debates and conferences with academics, business leaders and politicians around topics related to global economic perspectives. * Foto NHHS is the student association's photo group. * K7 Bulletin, or Bulle, is the school newspaper and is printed every two weeks. * Lurken Telemarkslag (The Telemark Skiing Group) is one of the largest groups in the school, with over 200 members. It arranges trips to

Voss Voss () is a Municipalities of Norway, municipality and a Districts of Norway, traditional district in Vestland Counties of Norway, county, Norway. The administrative center of the municipality is the village of Vossevangen. Other villages inclu ...

Finse Finse is a locality in the mountainous north-east of Ulvik municipality in Vestland county, Norway. Located on lake Finsevatnet, it is centered around Finse station, a railway station on the Bergen Line, which is the highest station of the Norw ...

, Eikedalen and the student association's own cabin. * MEBA Council - All International full-time master students are automatically members of the MEBA Council, which organises social events and activities to help the International full-time master students get to know each other better, to involve them with the local business community and to raise the profile of the students overseas. The MEBA Council organises a Business Trip to Oslo every Spring Semester. * NHH Aid is the student group for humanitarian work. The students collect money and work to raise awareness regarding the poor living conditions in third world countries. *

Oikos ''Oikos'' ( ; : ) was, in Ancient Greece, two related but distinct concepts: the family and the family's house. Its meaning shifted even within texts. The ''oikos'' was the basic unit of society in most Greek city-states. For regular Attic_G ...

is part of a network of student groups in business schools across the world, working to integrate

sustainability Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): env ...

into business and management through education. * StafettKomiteen (Stafkom - The Running Club) The goal is to beat BI (The Norwegian School of Management) in the annual relay race between Bergen and Oslo. It takes place at the end of the spring semester, lasts for 2–3 days, and ends with a grand banquet at either BI or NHH. * Økonomiske Vinterleker (Economic Winter Games) takes place at

Ål Ål is a Municipalities of Norway, municipality in Buskerud Counties of Norway, county, Norway. It is part of the Districts of Norway, traditional region of Hallingdal. The administrative centre of the municipality is the village of Ål. The par ...

during the first week of February. Almost 300 students from both NHH and BI (The Norwegian School of Management) gather to compete in winter sports and to socialise. * Børsklubben (the Stock Club) is the stock analysis group. ''Børsklubben'' founded Lehmkuhl Invest AS, a joint investment company owned by students at NHH. *NHHS Consulting This is a student-run and owned consulting firm. It aim is to offer various services for student groups at NHH and do commissions for local firms in Bergen. *Markedsgruppen (The Marketing Group) Markedsgruppen supervises all corporate relations the student association is involved with. *it.gruppen, the IT group, runs the student association's servers, maintains and develops their websites, develops software for requested projects, and helps the other groups with IT issues.

Notable faculty and alumni

NHH alumni hold several important positions in Norwegian business and politics. Eldar Sætre is

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

Equinor Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company, petroleum company operating in 36 countries with additional investments in renew ...

, Norway's largest company and the largest offshore oil and gas company in the world.

Jon Fredrik Baksaas Jon Fredrik Baksaas (born 1954) was the Chairman of the GSMA until 2016, and CEO of Telenor until August 2015. He now serves as a special adviser to the telecommunications company's Group Executive Management team. Among the longest-serving top ...

is CEO of

Telenor Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwi ...

, Norway's second largest company and one of the world's largest mobile phone operators.

Siv Jensen Siv Jensen (born 1 June 1969) is a Norwegian politician who served as the leader of the Progress Party from 2006 to 2021. She also held the position as Minister of Finance from 2013 to 2020 in the Solberg Cabinet. She was also a member of the ...

is Norway's

Minister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...

and Yngve Slyngstad is CEO of Norges Bank Investment Management (NBIM), the part of the Norwegian Central Bank responsible for managing Norway's sovereign wealth fund.

Academics

, co-recipient of the

Nobel Prize in Economics The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (), commonly referred to as the Nobel Prize in Economics(), is an award in the field of economic sciences adminis ...

, 2004 *

, co-recipient of the

, 2004 (Visiting Professor of Economics, 1974–75) *

, co-creator of the capital asset pricing model (CAPM) * Victor D. Norman, former Minister of Labour and Government Administration, trade economist, politician, and newspaper columnist *

Agnar Sandmo Agnar Sandmo (9 January 1938 – 31 August 2019) was a Norwegian economist at the Norwegian School of Economics (NHH). He made a series of important contributions in the study of disparities, redistribution, insurance arrangements and tax systems ...

, economist with several important contributions to public economics *

Tore Ellingsen Tore Ellingsen (born 3 June 1962) is a Norwegian economist active in Sweden. Ellingsen graduated as ''siviløkonom'' from Norwegian School of Economics in Bergen in 1985, and received a Ph.D. from London School of Economics in 1991. Since 1991 ...

, economist, member of the prize committee for the

* Karl H. Borch, economist

Business

, former CEO

* Eldar Sætre, CEO

Statoil Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In th ...

* Inge K. Hansen, former CEO

, chairman

Avinor Avinor AS is a state-owned aksjeselskap, limited company that operates most of the civil airports in Norway. The Norwegian state, via the Norwegian Ministry of Transport and Communications, controls 100 percent of the share capital. Avinor wa ...

Idar Kreutzer Idar Kreutzer (born 29 August 1962) is a Norwegian businessperson. He holds a siv.øk. degree from the Norwegian School of Economics. From 1986 to 1987 he was a political secretary for Conservative City Commissioner Michael Tetzschner in Oslo ...

, CEO

Storebrand Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings. However, the company also has major divisions working on investments, banking and, until 1999 and ...

Jannik Lindbæk Jannik Lindbæk (born 23 March 1939) is a Norwegian banker and businessperson. Personal life He was born in Oslo as a son of banker Jannik Lindbæk Sr. (1906–1966) and chief physician Ellen Margrethe Lund. His aunt was journalist and war corre ...

, senior vice president,

Aker Solutions Aker Solutions ASA is a Norwegian engineering firm headquartered in Oslo. The firm's production is focused on energy infrastructure, including systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastruc ...

Helge Lund Helge Lund (born 16 October 1962) is a Norwegian businessman who has been chairman of BP since January 2019, and chairman of the Danish healthcare company Novo Nordisk Novo Nordisk A/S is a Danish multinational pharmaceutical company headq ...

, former CEO

, CEO

BG Group BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory an ...

* Dag J. Opedal, former CEO Orkla *

Erling Øverland Erling Øverland (born 31 May 1952) is a Norwegian businessperson. After graduating with a siv.øk. degree from the Norwegian School of Economics (NHH) in 1976, Øverland joined Statoil as a financial and planning coordinator. He served as chief ...

, former president of

NHO NHO or nho may refer to: * Confederation of Norwegian Enterprise (, NHO), an employers organisation in Norway * National Hydrographic Office, headquarters of the Indian Naval Hydrographic Department * Natural hybrid orbitals, one of a set of natura ...

(Confederation of Norwegian Enterprise) *

Svein Aaser Svein Aaser (born 7 October 1946) is a former CEO of DnB NOR, the largest financial group in Norway. He resigned on 31 December 2006. He is chair of FIS Nordic World Ski Championships 2011 and the National Gallery of Norway Early career Aaser ...

, former CEO

DnB NOR DNB Bank ASA (formerly DnB NOR ASA) is Norway's largest financial services group, with total combined assets of more than NOK 3.6 trillion and a market capitalisation NOK 400 billion as of 2024. DNB's head office is located in Oslo. The two larg ...

Jens Ulltveit-Moe Jens Ulltveit-Moe (born July 16, 1942 in Drammen) is a Norwegian businessperson. He founded Umoe in 1984, and retains ownership of the group. Ulltveit-Moe is CEO of Umoe, and was formerly Chairman of Petroleum Geo-Services. Biography Ulltveit-Mo ...

Olav Fjell Olav Fjell (born 28 June 1951) is a Norwegian businessperson. He was the chief executive officer (CEO) of Statoil from 1999 to 2003, and of Hurtigruten Group, Hurtigruten from 2007 to 2012. Career Fjell has a siviløkonom, siv.øk. degree from ...

former CEO

, CEO

Hurtigruten Group Hurtigruten AS is a Norwegian coastal ferry service and cruise line headquartered in Oslo, Norway. It is the larger of two companies currently operating ''Hurtigruten'', the coastal ferry service along the Norwegian coast from which it takes it ...

* Ole Enger, president and CEO

REC REC or Rec is a shortening of recording, the process of capturing data onto a storage medium. REC may also refer to: Educational institutes * Regional Engineering College, colleges of engineering and technology education in India * Rajalakshmi ...

Paul-Christian Rieber Paul-Christian Rieber (born 30 March 1958) is a Norwegian businessperson and former president of the Confederation of Norwegian Enterprise (NHO). He lives in Bergen, Norway. Rieber has, since 1990, led the billion-dollar company GC Rieber, a fa ...

, CEO

GC Rieber GC Rieber is a private company that operates within the fields of real estate, shipping, food processing and industry. The company is based in Bergen, Norway. Operations are performed by the subsidiaries GC Rieber Shipping AS, GC Rieber Skinn AS, ...

and former president of

Peter Lorange Peter Lorange (born 17 April 1943) is a Norwegian economist. He was the owner, President, and CEO of the Lorange Institute of Business Zürich, formerly known as GSBA Zurich, which he bought in July 2009. Peter Lorange has previously been Presi ...

, president of GSBA Zurich *

Tom Colbjørnsen Tom Colbjørnsen (born 31 May 1951 in Oslo) is a Norwegian economist and sociologist, and was the President of the BI Norwegian Business School from 2006 to 2014. Colbjørnsen graduated from the Norwegian School of Economics (NHH) with a siv.øk ...

, president of the

BI Norwegian Business School BI Norwegian Business School () is a Norwegian specialized university that provides education and conducts research primarily in the fields of business and economics, marketing, strategy, management, and administration. BI is organized as a self ...

* Yngve Slyngstad, CEO Norges Bank Investment Management (NBIM) *

Svein Støle Svein Støle (born April 5, 1963) is a Norwegian businessperson and broker. After growing up in Mandal, he was educated in law and business administration. He worked for a period as a journalist for '' Kapital'' before in 1992 buying a large port ...

, Chairman Pareto Group *

Fredrik Halvorsen Fredrik Halvorsen is a orwegian businessperson. He is a director at Ubon Partners. He holds an undergraduate degree from the Norwegian School of Economics, and a graduate degree from the Kellogg School of Management. Professional career Halvo ...

, CEO

Seadrill Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in ...

* Bjørn M. Wiggen, president and CEO Orkla * Alf C. Thorkildsen, president and CEO

* Arne Fredly, Norwegian investor * Gregor Kummen, former CFO of the now defunct Adelsten clothing company * Martin Skancke, sovereign wealth fund and asset-management expert

Government / Law / Public Policy / Human Rights

, politician, former leader of the

Norwegian Progress Party The Progress Party (; , FrP; ) is a political party in Norway. It is generally positioned to the right of the Conservative Party, and is considered the most right-wing party to be represented in parliament. It is often described as right-win ...

and Norway's

Knut Vollebæk Knut Vollebæk (born 11 February 1946) is a Norwegian former diplomat and politician. A member of the Christian Democratic Party, he served as ambassador to the United States from 2001 to 2007. He is currently a member of the International Commi ...

, former Norwegian Minister of Foreign Affairs and former

Ambassador to the United States The following table lists ambassadors to the United States, , sorted by the representative country or organization. See also *Ambassadors of the United States Notes {{reflist, 30em External linksCurrent and former Ambassadors to the United Sta ...

Kristin Krohn Devold Kristin Krohn Devold (born 12 August 1961 in Ålesund) is a former Minister of Defence of Norway. She was elected to three terms in the Norwegian Parliament from Oslo as a representative for Conservative Party. Education She has a Master of Sc ...

, former

Minister of Defense A ministry of defence or defense (see spelling differences), also known as a department of defence or defense, is the part of a government responsible for matters of defence and military forces, found in states where the government is divid ...

. Currently

secretary general Secretary is a title often used in organizations to indicate a person having a certain amount of authority, Power (social and political), power, or importance in the organization. Secretaries announce important events and communicate to the org ...

of the Norwegian Trekking Association (DNT) *

Kristin Clemet Kristin Clemet (born 20 April 1957, in Harstad) is a Norwegian politician for Høyre, Norway's Conservative Party. She was elected to the Norwegian Parliament from Oslo in 1989, but was not re-elected in 1993. She had previously served as a depu ...

, former Minister of Education and Research. Currently director of the liberal think tank Civita *

Knut Arild Hareide Knut Arild Hareide (born 23 November 1972) is a Norwegian politician who served as a member of parliament from Hordaland and as the leader of the Christian Democratic Party from 2011 to 2019. He served as Minister of Transport and Communication ...

, former

Minister of the Environment An environment minister (sometimes minister of the environment or secretary of the environment) is a cabinet position charged with protecting the natural environment and promoting wildlife conservation. The areas associated with the duties of a ...

. Former leader of the Christian People's Party *

Hallvard Bakke Hallvard Bakke (4 February 1943 – 30 June 2024) was a Norwegian politician for the Labour Party. He was Minister of Trade and Shipping 1976–1979, and Minister of Culture 1986–1989. From 2006 to 2010, he was the chairman of the Norwegian B ...

, former

Minister of Trade and Shipping The minister of trade and shipping () was a councilor of state and chief of the Norway's Ministry of Trade and Shipping. The position was created on 6 December 1947 when the position of minister of trade and industry was split into a portfolio ...

. Member of the

Norwegian Labour Party The Labour Party (; , A or Ap; ), formerly The Norwegian Labour Party (, DNA), is a Social democracy, social democratic List of political parties in Norway, political party in Norway. It is positioned on the centre-left of the political spectru ...

Heikki Holmås Heikki Eidsvoll Holmås (born 28 June 1972 in Voss) is a Norwegian politician for the Socialist Left Party (Norway), Socialist Left Party (SV). He served as Minister of International Development (Norway), Minister of International Development fro ...

, former

Minister of International Development (Norway) The Minister of International Development () is a Council of State (Norway), councillor of state and the chief of the international development portfolio of the Ministry of Foreign Affairs (Norway), Ministry of Foreign Affairs of Norway. The mini ...

Thorolf Rafto Thorolf Rafto (July 6, 1922 – November 4, 1986) was a human rights activist and professor of Economic History at the Norwegian School of Economics in Bergen, Norway. The Rafto Foundation for Human Rights was established in gratitude for his effo ...

, human rights activist and inspirator *

Torstein Dahle Torstein Dahle (born 20 February 1947) is a Norwegian politician and economist. He works at the Bergen University College and represents Red Party in the city council of Bergen. Dahle was born in Oslo Oslo ( or ; ) is the capital and most ...

politician and economist, former leader of Rødt * Aric Nesbitt, Republican Leader & former President Pro-Tempore,

Michigan State Senate The Michigan Senate is the upper house of the Michigan Legislature. Along with the Michigan House of Representatives, it composes the state legislature, which has powers, roles and duties defined by Article IV of the Constitution of Michigan, Mi ...

, former Commissioner,

Michigan Lottery The Michigan Lottery was initiated under the authority of Public Act 239 in 1972, and collects funds to support Michigan's public school system. History The Michigan Lottery began when the Green Ticket game started on November 13, 1972. Hermus ...

, and former majority floor leader,

Michigan House of Representatives The Michigan House of Representatives is the lower house of the Michigan Legislature. There are 110 members, each of whom is elected from constituencies having approximately 77,000 to 91,000 residents, based on population figures from the 2020 ...

Arts and Entertainment

Agnar Mykle Agnar Mykle (8 August 1915 – 15 January 1994) was a Norwegian author. He became one of the most controversial figures in Norwegian literature in the 20th century. Early life Born in Norway's third largest city, Trondheim, Mykle was often s ...

, author *

Jo Nesbø Jon "Jo" Nesbø (; born 29 March 1960) is a Norwegian novelist and musician. His books had sold over 50 million copies worldwide by 2021, making him the most successful Norwegian author to date. Siegel, Lee (5 May 2014).Pure Evil: Jo Nesbø and th ...

, musician and author *

Raske Menn Raske menn (lit. "Fast Men") is a trio of Norwegian comedians who have gained fame in Norway for their sketches and shows. The trio consists of Anders Hoff, Øyvind Rafto and Calle Hellevang-Larsen. The group began with Øyvind and Calle bein ...

, comedy group

Affiliations

* CEMS – Community of European Managements Schools * Erasmus programme *PIM – Partnership in International Management *

References

External links

*
NHH Bulletin
- NHH's external magazine (in Norwegian) {{DEFAULTSORT:Norwegian School Of Economics Universities and colleges established in 1936 Education in Bergen 1936 establishments in Norway