Master of Science in Industrial Engineering and Management

Aalto University

Program Description
EFMD Equis Accredited
AACSB Accredited

Master of Science in Industrial Engineering and Management

Aalto University

Focus on proactive problem solving and learn to utilize your engineering mind-set in developing business!

The Master's Programme in Industrial Engineering and Management (IEM) combines engineering with economic and human fundamentals to create value and efficiency. Unique in its multidisciplinary and integrative essence, IEM studies explore the foundations of business and engineering processes and inspire an engineering mind-set to develop business. The distinctive focus of the programme is to educate graduates with knowledge, skills and will to create and transform technology-based businesses in new or established firms.

IEM professionalism is an integrated skill set consisting of mathematical, technological, economic, and social competences that focuses on proactive problem solving in value creating processes. In essence, the ethos of IEM studies emphasizes a systemic, solution-oriented engineering mind-set. Emphasis is on capability to solve the right problems right, i.e. identify needs, define problems accordingly, and solve them effectively. Building on these foundations, the programme develops strong competencies for the creation and transformation of technology-based business combining strategic, operations, and people perspectives.

The programme is organised by the Department of Industrial Engineering and Management (DIEM). DIEM carries out research in close cooperation with companies from various industries and thus combines academic rigour and practical relevance in its research and education. The department has rich connections to and fertile cooperation with esteemed national and international universities. The Strategy specialisation is organised in collaboration with the Department of Management Studies at Aalto University School of Business.

Study programme

There are two alternatives for applicants to choose from:

  • Industrial Engineering and Management (choice of major in Leadership and Knowledge Management, Operations and Service Management, and Strategy and Venturing)
  • Strategy (offered in cooperation with the School of Business)

In addition to a major (45 ECTS), graduates from the degree programme should obtain appropriate knowledge of one technical discipline in their minor (20 ECTS). The foundations for the technical knowledge should already have been created in Bachelor's studies and will be refined at the Master's level. The rest of the studies consist of the Master’s thesis (30 ECTS) and electives (25 ECTS).

Industrial Engineering and Management

The curriculum for the Industrial Engineering and Management specialisation combines research-based insights (theories, analytical frameworks, and latest research knowledge) with experiential learning (cases, assignments, and teamwork). The three majors examine the creation and transformation of technology-based business in new or established firms from three complementary perspectives: strategy, operations, and people. Although each major focuses on the core of one perspective, the other perspectives are covered in optional courses of the major.

  • Leadership and Knowledge Management
  • Operations and Service Management
  • Strategy and Venturing


The Strategy specialisation's unique feature is its interdisciplinary approach to tackle complex business problems. The specialisation is produced through collaboration of School of Science and School of Business and its Master's Programme in Strategy, enabling students a uniquely broad perspective of problems at hand. The collaborative study programme allows students to create a degree to fit their career aspirations through a unique range of optional courses from the two Aalto schools, including, for example, business strategy, innovation and technology management, international business, business venturing, marketing, and finance.

The goal of the Strategy specialisation is to train and develop experts in the domain of business development in new organizations, established firms, and multinational corporations, apt to thrive and succeed in today’s constantly changing and increasingly complex business environment. In addition to analytical skills and knowledge of key ideas in business and organizations, the specialisation is also designed to develop participants’ intercultural and interpersonal sensitivities, behaviors, attitudes as well as international connections and networks.

Our mandatory course programme is designed to provide hands-on experience in solving business problems in teams. Our courses address the three key areas required in both junior and senior roles in business development, consulting, and management: analytical skills, the ability to create and manage change, and leadership capabilities. The curriculum is developed in collaboration with key employers and alumni, with understanding that our graduates commonly begin their career in consulting companies, young growth companies, or multinational corporations, tending to take on new business development tasks and corporate staff roles.

Career options

Studies in the IEM programme lead to diverse career paths. Careers in service industry, research and development, and business development and management are common, as are also service purchasing and requirements engineering in both public and private sectors. Expert positions in consulting, research or educational organisations are possible as well.

Typical job titles of recent graduates include e.g. Project Manager, Strategic Partnerships Manager, Technology Consulting Analyst, Research Coordinator, Senior Manager, Analyst, Research Consultant, Founder & CEO, Junior Consultant, Business Unit Manager, Analyst… The programme provides also an excellent basis for doctoral studies. Further information on the research conducted at the Department of Industrial Engineering and Management can be found from the department website (

Recent Master’s thesis topics of IEM students include e.g. Inbound open innovation: An emerging role for supply management, Developing an analytics-driven sales process: a case study in the field of corporate banking, Digitization initiatives and capability cognition – A multiple case study in Finnish manufacturing firms, Strategic sales enhancing tools for commercialization of novel technologies, Development of an industrial service with Big Data and Cloud Computing, and Utilization of remote work in a contact center.

Admission requirements

The general admission requirements are the same for all Master's programmes in the field of technology. Please see also the requirements concerning language skills.

Once the eligibility of the applicant is determined by the Admission Services, the application is sent to the School of Science for academic evaluation that is based on the programme-specific admission requirements described below.

Programme-specific admission requirements

The Department of Industrial Engineering and Management is responsible for the academic evaluation of the applications. The number of student places is limited and the evaluation process is highly competitive. If the number of acceptable applicants exceeds the admission quota, only the highest ranked applicants can be selected. The number of student places do not need to be filled if there are not enough sufficiently acceptable applicants.

Applicants are evaluated on the basis of following criteria:

  • previous academic performance (grades)
  • content of the previous degree(s)
  • motivation and dedication to the programme
  • English language proficiency
  • relevant work experience or other relevant activity
  • recognition of the home university
  • recommendations
  • other study-related merits

The most important criteria are the previous academic performance and the content of the previous degree(s).

This school offers programs in:
  • English

Last updated April 22, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2016
2 years
Full time
Request Info
The application period is 1 December 2015 - 15 January 2016.
Start date Sept. 2016
Finland Espoo
Application deadline Request Info
The application period is 1 December 2015 - 15 January 2016.
End date Request Info
Duration 2 years
Price Free