University of Jyväskylä

JYU improved its academic result in 2017

JYU strengthened its academic result after the structural renewal: supplementary funding, the number of international students and completed bachelor’s degrees increased from the previous year and profit from investment activities improved the result in the financial statement.

The University of Jyväskylä started 2017 with a renewed organisation: the structures of faculties, independent institutes and services were changed and the service functions of faculties centralised to University Services. During the reporting year, the aim was to support the stabilisation of the new organisation structure and strengthen an organisation culture that highlights multidisciplinarity.

In the national comparison of education results, the University’s position has remained at the previous level. The number of bachelor’s and master’s students has stabilised at the level of around 12,000 students. The number of completed bachelor’s degrees during the reporting year was 1,344 (1,211 in the previous year), master’s degrees 1,475 (1,516) and doctoral degrees 148 (158).  The University is still profiled by strong doctoral education in its core fields. In terms of internationalisation targets, the number of international degree students grew during the year. The number of exchange students increased clearly and almost reached the set target. The number of international scholarly publications increased as targeted. Among peer-reviewed publications, the share of self-archived scholarly publications reached the level of 65%, making JYU the leading university in Finland in terms of openness in science and research.


Supplementary funding increased over 6 million euro (+9%) from the previous year. The funding was almost fully allocated to research through research profiling and new programmes. Competed research funding that complies with the agreement indicators of the Ministry of Education and Culture increased 3.7 million euro (+11%). As before, the largest project financers were the Academy of Finland (27 million euro), Tekes (6.2 million euro) and the European Commission (4.8 million euro). A remarkable success is that the University received four extremely competed ERC Consolidator grants (European Research Council’s funding for researchers who work in pioneering projects) on the same funding application round. The total sum of the funding decisions was 6.3 million euro.


The University’s societal interaction emphasised openness and interaction with stakeholders. The University contributed strongly to regional cooperation. The EduFutura cooperation with JAMK University of Applied Sciences and the Jyväskylä Educational Consortium Gradia became closer. As a significant new initiative, the EduFutura institutions and the City of Jyväskylä established a joint company to promote entrepreneurship. In addition, JYU also actively participated in the development of the City of Jyväskylä’s Hippos2020 project and the strengthening of the Wellbeing Expertise Centre of Central Finland KeHO.


According to the International Student Barometer (ISB) survey, the international students of the University of Jyväskylä are very happy with their studies at the University and life in Jyväskylä. In total 90.3% of JYU’s international students who responded to the survey were happy with their study experience, and as many as 94.5% would recommend the University to new applicants and future students. In the categories of learning and teaching as well as accommodation and living, JYU students rated their experience the best in Finland. Moreover, in the category of accommodation and living, JYU got the best overall grade in international comparison.


The University’s total revenue in the accounting period 2017 was 204.0 million euro (203.6 million euro in 2016) and total costs 207.9 (203.7) million euro. Core funding from the Ministry of Education and Culture and supplementary funding did not cover all operating expenses resulting in a deficit of 3.8 (–0.9) million euro in regular operations. Thanks to the profits from investment activities, the overall result was positive, 3.2 (4.7) million euro.

The staff costs remained at the level of the previous year. Staff costs make two-thirds of all costs of the University, in total 136.2 (136.0) million euro. Facility rents constitute 12% of total costs. This means that only 20% of costs are other than staff costs or facility rents. Operating expenses increased from the expected level due to the incentive bonus of 1.3 million euro paid to staff as decided by the University Board.

The result of investment and funding activities in the financial year 2017 was slightly better than expected because of general positive economic development and non-recurring operations. From the total yield of 7 million euro, 1.4 million euro is dividend yield and the rest 5.6 million euro is sales profit of investment property.


The University Group consists of the University, EduCluster Finland Ltd, Uniservices Ltd and the Unifund Ltd fund management company. The education export company EduCluster Finland Ltd has strongly increased its business. In 2017, the company’s net sales increased over three million euro (+43.5%) and the result turned positive with the profit of 1.1 million euro. In 2017, net sales was 10.9 million euro (7.6 in 2016). The increased net sales resulted from the growth of the Qatar school and a focus on longer customer relationships and larger projects in accordance with the renewed strategy. The number of employees continued to grow, and the limit of 100 employees was exceeded in August 2017. About 80% of the company’s staff work outside Finland.

The fund management company Unifund Ltd has solidified its operations in 2016–2017. The company has become significantly more familiar both inside and outside the University.

The University Board approved the group’s financial statement and annual report in its meeting on 14 March 2018. The University Collegium will process the confirmation of the financial statement and the annual report in its meeting of 18 April 2018.

Further information:

Keijo Hämäläinen, Rector, tel. +358 40 6800 215

Päivi Seppä, Director of Finance, tel. +358 50 591 9522

Jarkko Pirkkalainen, Head of Planning, tel. +358 407 373 364

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