Key takeaways
- Wealth management covers budgeting, saving, investing, and planning for long-term goals.
- Free courses exist on Coursera (audit), Alison, and edX.
- Core principles: spend less than you earn, invest early, diversify.
- A useful foundation for personal finance and finance careers.
- Related: free online leadership courses and career planning for students.
Wealth management basics
| Principle | What it means | Why |
|---|---|---|
| Budget | Spend < earn | Builds surplus |
| Save | Emergency fund first | Safety net |
| Invest early | Compound growth | Time is key |
| Diversify | Spread risk | Reduce loss |
Relying on a strong theoretical background, this fascinating course educates you in the basic concepts of finance and wealth management - including diversification, risk and return, and market efficiency - and how to grow and manage wealth over time.
Identify asset classes, understand the power of compound interest and the importance of time value of money
You’ll cover traditional theories in finance as well as more recent developments in financial markets. Learn about asset classes such as stocks and bonds and about financial instruments such as derivatives. Explore overarching principles of finance such as compound interest, the time value of money, investment risk, and modern portfolio theory.
In addition, you’ll get an introduction to the history of finance, the dynamics of market crashes, negative interest rates, and the role of central banks within an economy.
Study with the prestigious Hanken School of Economics
Founded in 1909, the Hanken School of Economics is one of the oldest business and management schools in the Nordic countries and is the recipient of three international awards, which roughly only 1% of all business schools in the world hold: EQUIS, AACSB, and AMBA.
With strong ties to the academic world and private sector, it’s a fantastic place to join courses on both finance and wealth management.
Additionally, the course also offers you the unique opportunity to gain insight from Dr. Björn Wahlroos, a one-time professor at Hanken and the Chairman of the Board of Sampo Group and UPM Kymmene.
Dr. Wahlroos is also a former Chairman of Hanken and of Nordea, the largest bank in Scandinavia, and has written three books on economics and finance
Join the course for free
Frequently asked questions
What is wealth management?
Wealth management is planning and managing your finances — budgeting, saving, investing, and protecting assets — to meet long-term goals like retirement or buying a home.
Can I learn wealth management for free?
Yes. Coursera and edX let you audit finance courses free, and Alison offers free courses with certificates covering personal finance and wealth principles.
What are the basic principles of wealth management?
Spend less than you earn, keep an emergency fund, invest early to benefit from compound growth, and diversify to manage risk.
Do I need a finance background to learn wealth management?
No. Beginner courses assume no background and start from budgeting and saving before covering investing and planning.
Is a wealth management course useful for students?
Very — understanding money early builds lifelong habits, and it's also a foundation for careers in finance, banking, and advising.
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