Master in Risk Management and Circular Economy


Program Description


This Master's programme aims to enable you to apply the ideas of circular economy and risk management into your professional work. You start the process with Designing new products and services by thinking about the whole life cycle and sustainability, from cradle-to-cradle. The accommodating the principles of circular economy to the current infrastructure, industrial processes, structures and products, requires not only innovative thinking but also the management of risks.

Life cycle assessment (LCA) has a pivotal role in ensuring safe and sustainable products and services for the end-users and it enables experts from all fields to collaborate and learn from each other. The curriculum combines innovative teaching methods, network of experts and international atmosphere in order to bring people, skills and ideas together to meet the need for sustainability.

The degree complies with the criteria set by the Finnish national degree system as well as with the European framework for degrees and competences. The degree gives a qualification for a public appointment where a Master's degree is required.

Study contents

Circular economy challenges the traditional view of industrial processes, where processes and services are seen as linear processes. Closing the loops requires thorough thinking of how to replace materials and processes in safe and sustainable ways. You will become familiar with Life Cycle Assessment (LCA), a tool for improving existing products and services and on the other hand, a tool for integrating sustainable design with new products and services. Reuse and recycling of materials requires expertise in material handling and understanding the risks involved with harmful chemicals and physical properties.

Cross-curricular themes, risk management and circular economy, are revisited during all courses. Cradle-to-cradle thinking is supported by the use of LCA software that will be used throughout the studies in order to bring quantitative measures needed in management and monitoring. Engineering solutions are seen only as one component in solving the challenges in circular economy. In order to apply tested technical solutions, communication and skills in leadership are needed. Global megatrends are the context for the studies, where social, economical and ecological dimensions are considered together.

Structure of studies

The degree programme is worth 60 credits with emphasis on studies required to develop and innovate safe and sustainable products, processes and services with management of risks. The study time is 1.5 years, containing five intensive study weeks (four days per week). You need to be present at the intensive weeks. In addition, you need to plan time on learning online - and to think.

The intensive weeks in June will include participation in annual Open Source Circular Economy (OSCE) days, a global connected event with different cities across the world.

Accepted students with a BBA background will complete the wider course load of 90 cr, so the table below will be supplemented with 30 cr of relevant courses depending on the students educational background. This may include an extra intensive week, which will be decided upon separately at a later date.

Tuition fees and scholarships

There are no tuition fees for those students who

  • have started their studies before 1st August 2017
  • are citizens of EU/EEA/Switzerland
  • have an EU Blue Card
  • have a continuous residence permit card in Finland, Type A permit
  • have a permanent residence permit card in Finland, Type P permit
  • have an EU residence permit for third-country citizens with long-term residence permit card in Finland (Type P-EU)
  • have an EU Family Member's Residence Card in Finland

If you are unsure about whether you'd be subject to tuition fees, check the 'Am I required to pay tuition fees?' section on the application site.

The degree carries a tuition fee of EUR 10 800 / academic year for non-EU/EEA students. Applicants must submit relevant documentation together with their application.

In case of negative study permit decision by the Finnish Immigration Service (Migri), students will be reimbursed for fees paid before commencement of studies.


EARLY BIRD -scholarship: If an accepted students pay the annual tuition fee in one payment, their first year tuition fee is reduced by -1 500 €.

Academic award -scholarship: Studies completed at the end of each year, together with a high enough GPA awards students with 25-50% reduction to the following year's tuition fee.

Academic excellence -scholarship: At the time of graduation, students may be eligible for significant Academic Excellence scholarships. These scholarships are governed by the TAMK's R&D Fund. They can be based on final thesis quality, excellence in project work, exceptional practical training success or other grounds set by the Fund.

Contact us

In matters pertaining to study content or other academic matters, please contact Principal Lecturer Ms Ulla Häggblom (PhD).

With questions about the national joint application system or the transfer application process, please contact the Admissions Office.
Last updated Sep 2019

About the School

Welcome to the most popular university of applied sciences in Finland! TAMK has a good reputation among students; its fields of study are interesting and its graduates are in demand on the job market. ... Read More

Welcome to the most popular university of applied sciences in Finland! TAMK has a good reputation among students; its fields of study are interesting and its graduates are in demand on the job market. TAMK is also highly respected in all sectors of working life - both as a successful educator of bright new professionals, and as a valued partner in many forms of collaboration. Read less