Master's Programme in Global Management of Innovation and Technology
Lappeenranta, Finland
DURATION
2 Years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
Request application deadline *
EARLIEST START DATE
Sep 2025
TUITION FEES
EUR 13,500 / per year **
STUDY FORMAT
On-Campus
* regular 16 December 2024โ22 January 2025
** annual tuition for non-EU/EEA students
Key Summary
Introduction
In recent times, we have faced a number of global crises, including climate change, the prolonged COVID-19 pandemic, the war in Europe, and the energy crisis. These crises have challenged organizations to renew their activities, seek novel solutions and think outside the box in their business ecosystems.
In such circumstances, the management of innovation and new technologies is more important than ever. We have already seen impressive results when organizations have made joint efforts to develop new vaccines, touchless solutions, or services for food delivery.
To prepare for the future, both large multinational enterprises and small new start-ups around the world are continuously looking for talented graduates who are capable of systemic thinking, have an innovative and international mindset, and understand how to manage innovations and new technologies effectively.
The slogan of this program, "Build your own future", means that your studies will include both breadth and depth. You will acquire a broad managerial understanding of the various systems within an organization and of their development, renewal, and innovation. At the same time, you will focus on specific sectors and select technical and elective studies and projects based on your own background, needs, and future visions.
During your studies, you will be exposed to concepts that you will need to be an effective manager, ranging from inventive design to strategic product and technology development, systems modeling, or open collaborative innovation. In brief, you will become familiar with the whole process from ideas to innovations to business value.
Applying theories and frameworks to real practical projects is an essential step in the learning process. Close collaboration with industrial firms will ensure the practical real-world application of new knowledge and theories. The connection with companies during the course projects, seminar assignments, or your Master's thesis will be an asset in your future career.
EUR-ACEยฎ and ASIIN are quality labels for engineering degree programs at the Bachelor and Master level. The first time the programs were accredited was in 2011 and the re-accreditation took place in 2017.
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Admissions
Scholarships and Funding
Early Bird discount / First academic year
When required to pay a tuition fee, you are offered
- an Early Bird Discount of EUR 6 000
for the first academic year if confirming your place and paying the rest of the tuition fee of EUR 7 500 within 21 days from the date of having received your Certificate of Admission.
Early Bird discount is available in both Regular Admission and Early Admission.
LUT Scholarship / Second academic year
When required to pay a tuition fee, you are offered
- LUT Scholarship of EUR 6 000
for the second academic year if having completed a minimum of 60 ECTS credits of studies included in the personal study plan during the first academic year.
With LUT Scholarship the tuition fee is EUR 7 500 for the second academic year.
The required ECTS credits will be automatically checked for and they must be included on your Transcript of Records by the end of the first academic year i.e. by 31 July.
Curriculum
The Master's Program in Global Management of Innovation and Technology takes two years. It leads to the degree of Master of Science in Technology, M.Sc. (Tech.), which is 120 ECTS credits.
The program includes core, advanced specialization, minor and elective studies as well as a Master's thesis.
Double degree study opportunity for LUT degree students
The program also offers a possibility for double degree studies. Students admitted to the Master's Programme in Global Management of Innovation and Technology at LUT may apply to the double degree program organized in cooperation with the following program's partner universities:
- Eindhoven University of Technology (the Netherlands)
- Illinois Institute of Technology (USA)
Core studies, 31 ECTS credits
Include courses on strategic technology and innovation management, strategic entrepreneurship in an age of uncertainty, research methodologies, and product development.
Advanced specialization studies, 35 ECTS credits
Focus on topics such as open innovations, inventive design, and advanced TRIZ.
Minor studies, 24 ECTS credits
Can be selected from other LUT minor subjects in technology, e.g. bioenergy technology, environmental responsibility, software engineering, circular economy, embedded systems and communication, advanced material engineering, mechanical engineering, or chemical and process engineering.
Elective studies
Can be selected from any discipline at LUT.
Master's thesis, 30 ECTS credits
An advanced research project during the program's fourth semester. The Master's thesis requires approximately six months of full-time work.
Program Outcome
This program will introduce a wide variety of perspectives on the management of innovations and technology based on the combination of business, engineering, and management.
The program's diverse study methods and work in international teams will enable you to cooperate and solve complex situations in today's business ecosystems.
During your studies, you will acquire:
- Professional skills: you will be able to understand and analyze the impact of global megatrends on innovation management in organizations and evaluate, critically analyze and create strategies in an international context relating to products, services, and technologies;
- Competence to make rational decisions based on an understanding of decision-making strategies, frameworks, tools, and data analysis methods in global networks and markets. You will be able to analyze the processes and structures of organizations and identify their interconnected development issues;
- Multicultural teamwork skills to work and lead efficiently in cross-cultural and inter-disciplinary teams and projects and communicate in a logical and convincing way both orally and in writing;
- A professional network of other students, scholars, experts in different fields, and company representatives in your projects and assignments.
Program Tuition Fee
Career Opportunities
After graduation, you will have interesting and challenging career prospects.
Global supplier-customer relationships and business networks give talented young professionals various opportunities in the fields of management of innovations and technologies, industrial sales and marketing, operations management, and technology analysis and sourcing.
Graduates from this program 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.