This article provides an account of the history, present state, and possible future directions of Finnish maritime archaeology in order to elucidate certain aspects characteristic of the field. In the Finnish context, academia and the heritage sector are historically interconnected, and professionals have successfully assumed responsibilities in both. Research opportunities, however, have been more numerous at the Finnish Heritage Agency (FHA) than in academia, whereas the focus has been on well-preserved wrecks mainly from seventeenth and eighteenth centuries. This can be explained by the great number of registered shipwrecks from the historical periods being managed by the FHA. Well-preserved shipwrecks are also central for hobby divers’ interest that has been historically paramount for the development of the field. At the same time, discontinuities in academic training of maritime archaeologists have created a situation where opportunities for long-term and in-depth research at universities have been few. Future prospects of Finnish maritime archaeology are discussed with respect to the current state, and the interconnectedness of the heritage management sector, academically trained maritime archaeologists, and avocational diving societies and volunteers is emphasised as a key element in continued development.