In current business ecosystems, multinational enterprises and new start-ups around the world are continuously looking for talented graduates with an international mindset and understanding of how to manage innovations and new technologies.
Novel innovations and technology are present in all aspects of modern society and future industries with their digital ecosystems.
In this Master's Programme, your studies will focus on various engineering management aspects of technology-oriented and innovative firms of different sizes in various sectors.
You will be exposed to concepts that you will need to be an effective manager in a wide variety of areas in a company, ranging from creative design to product development, project management or commercialisation.
During your studies, you will develop critical and innovative thinking, and obtain a global business perspective, enhanced communication skills, and technical tools necessary for business decision-making. You will become familiar with the whole process from ideas to innovations to business value.
Close collaboration with industry ensures the practical real-world application of new knowledge and theories. Already during your studies, you will be actively collaborating with Finnish companies, particularly in high-technology industrial fields. The connection with companies during your Master's thesis project will benefit your future career.
As evidence of the overall quality of teaching, this Master's programme has gained ASIIN accreditation.
Intended Learning Outcomes
Your studies will introduce a wide variety of perspectives on the management of innovations and technology based on the combination of business, engineering and management.
The programme's diverse study methods and work in international teams will enable you to cooperate and solve complex situations in today's business ecosystems.
After graduation, you will be able to:
- understand and analyse the impact of global megatrends on innovation management in organisations;
- evaluate, critically analyse and create strategies in an international context relating to products, services and technologies;
- make rational decisions based on an understanding of decision-making strategies, frameworks, tools and data analysis methods in global networks and markets;
- analyse processes and structures of organisations and identify their interconnected development issues;
- practice, plan and manage the building of product and service systems and business platforms to create tangible and intangible solutions for techno-economic problems;
- plan and manage the international business from start-ups to multinational enterprises with an entrepreneurial and innovative mindset;
- apply innovation and technology management theories, methods and tools to practical management activities;
- work and lead efficiently in cross-cultural and inter-disciplinary collaborative teams and projects, and communicate in a logical and convincing way both orally and in writing.
Degree structure and studies
The Master's Programme in Global Management of Innovation and Technology is a two-year programme. It leads to the degree of Master of Science in Technology, M.Sc. (Tech.), which is 120 ECTS credits.
The programme includes core, specialisation and minor studies.
Core studies (31 ECTS credits) include courses on strategic technology and innovation management, project management, research methodologies and product development.
Specialisation studies (65 ECTS credits) include creative design and problem-solving, open innovations, international business networks, and system dynamics in industrial management.
The Master's thesis, 30 ECTS credits, is a part of specialisation studies. The thesis is an advanced research project, which requires approximately six months of full-time work. Students complete it during their fourth semester.
Minor studies (24 ECTS credits) can be selected from other LUT minor subjects in technology.
Double degree studies for LUT degree students
GMIT also offers a possibility for double degree studies.
Students admitted to complete the Master's degree in the Master's Programme in Global Management of Innovation and Technology at LUT may apply to the double degree programme organised in cooperation with the Illinois Institute of Technology – IIT (USA). The corresponding programme at IIT is the Master of Industrial Technology and Operations (MITO).
Double degree students from LUT's partner universities studying at LUT are not eligible for the GMIT/IIT Double Degree Programme.
Applications to the GMIT/MITO programme at LUT (selection of candidate) and at IIT (final selection) are reviewed during the spring semester.
Double degree studies for students from partner universities
Students from partner universities are able to study as double degree students at LUT. Students admitted to the double degree programme receive a degree certificate from two universities after they have fulfilled the degree requirements of both universities.
LUT has agreed on educational co-operation with selected partners:
- Bauman Moscow State Technical University, Russia
- Kazan Federal University, Russia
- Moscow State University of Management, Russia
- Moscow State University of Railway Engineering, Russia
- Novosibirsk State Technical University, Russia
- Peter the Great St. Petersburg Polytechnical University, Russia
- St. Petersburg State Mining University, Russia
- St. Petersburg State University of Economics, Russia
After graduation, you will have interesting and challenging career prospects.
Global supplier-customer relationships and business networks give various opportunities to talented young professionals in the fields of management of innovations and technologies, industrial sales and marketing, operations management, and technology analysis and sourcing.
Graduates from this programme have found jobs as project managers, export managers, key account managers, supply managers, controllers, analysts, business application specialists, operative purchasers, technology innovation managers, etc.
You will also have a firm basis for doctoral studies in the field of industrial engineering and management.
How to Apply
Interested in applying to the Master's Programme in Global Management of Innovation and Technology?
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You can apply to this Master's programme through either the rolling or the regular admission process:
- Regular admission: 1 December 2020-20 January 2021
- Rolling admission: 1 October 2020-31 May 2021