Master in Industrial Systems Analytics
Vaasa, Finland
Master degree
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
TUITION FEES
EUR 14,000 / per year
STUDY FORMAT
On-Campus
Key Summary
This major offers a unique opportunity to delve into industrial systems design and analytics while addressing the data challenges of today's business world. Throughout the studies, you will explore a wide range of topics, including data science and analytics, quality engineering, systems engineering, Six Sigma, decision support, and project management.
Upon completion, you will be equipped to generate valuable insights from energy system data, develop and uphold high-quality standards for energy operations, and design efficient and successful energy systems. Additionally, you will master the ability to integrate both quantitative and qualitative data for informed decision-making and gain expertise in planning and managing projects in the energy sector.
The studies prepare you to lead innovation in industrial energy systems, focusing on product and service development, delivery, and use. Successful completion of the Lean Six Sigma Statistical Control course will also grant you a Lean Six Sigma Green Belt certification.
The University of Vaasa offers a generous scholarship program for students who are subject to tuition fees. Scholarships are offered in the form of waivers based on the speed of commitment to the offered study place, previous academic performance and progress in the studies. The scholarships can be granted for the target time of the programme, which is two years in the master’s programmes.
First-Year Scholarships
Scholarships are applied for by choosing the scholarship option in the application form to the programme. Students are informed about receiving a possible scholarship together with the admission results.
6 000 EUR waiver for all who pay within 21 days from acceptance
The university offers a discount of 6 000 euros from the first year tuition fee to all fee-paying students who accept their study place offer and pay the remaining 8 000 euros within 21 days from receiving the acceptance email.
If you do not pay within 21 days, you may still be entitled to a smaller waiver if your previous academic performance has been excellent (see "International Excellence Scholarship" below). Please note that you cannot receive both the 21 days discount and the International Excellence Scholarship. If you do not meet the criteria for the International Excellence Scholarship, you will be required to pay the full sum for your first year after the 21 days have passed.
International Excellence Scholarship
Each Master’s Programme offers International Excellence Scholarships to applicants who have a CGPA of at least 4/5 (Finnish system) or equivalent in their respective international grading. The International Excellence Scholarship is granted as a first year tuition fee waiver as follows:
- EUR 4 000 (in all programmes)
Therefore, if you qualify for this scholarship, you are required to pay 10 000 euros for your first year.
Scholarships are personal and linked to the acceptance of the offered study place. They do not transfer to other universities.
Second-Year Scholarships
All first-year scholarships include a conditional scholarship for the second year (Academic Achievement Scholarship). Students who do not have a first-year scholarship can apply for the second-year scholarship during the studies. Details about the application for the second-year scholarship will be communicated to the students during their first year.
The second-year scholarships require registering as attending. If a student is non-attending for their second academic year for a reason other than one of the statutory reasons, the scholarship will not transfer to the next year of attendance.
Academic Achievement Scholarship
For the second year (academic year 2026-2027) students may receive the Academic Achievement scholarship worth EUR 6 000. In order to receive the Academic Achievement Scholarship, you must proceed with the studies in the target time, which means that you must complete at least 60 ECTS by the end of your first academic year. The required credits must be registered by 31 July 2026, and the credits must be included in your degree.
If you are granted the scholarship, you will need to pay the remaining 8 000 euros of tuition fee for your second year.
In case you have been registered as attending for only one semester during your first year, you must have completed at least 30 ECTS during that semester to qualify for the award of Academic Achievement Scholarship.
Finnish Language Achievement Scholarship
If you meet the requirements of the Academic Achievement Scholarship, you may be granted an additional Finnish Language Achievement Scholarship worth EUR 1 000. In order to receive this additional scholarship, you must complete at least 60 ECTS by the end of your first academic year and these studies must include all of the Finnish language studies required in your degree.
If you are granted the scholarship, you will need to pay the remaining 7 000 euros of tuition fee for your second year.
Please note that it is not possible to receive the Finnish Language Achievement Scholarship without receiving the Academic Achievement Scholarship.
Upon completing the Master’s Degree in Industrial Systems Analytics, graduates will be proficient in:
- Generating insights from energy system data
- Establishing and maintaining high-quality standards for energy operations
- Designing and managing efficient energy systems
- Integrating quantitative and qualitative data for informed decision-making
- Planning and overseeing projects within the energy sector
- Applying professional ethics and engineering norms in practical scenarios
These competencies are developed through a curriculum that includes modules in data science, quality engineering, systems engineering, Six Sigma, decision support, and project management.
The Master’s Programme in Industrial Systems Analytics is a full-time, on-campus program in Vaasa. Courses are delivered through a combination of lectures, teamwork assignments, projects, presentations, and final exams, encompassing both online and in-class teaching methods. To accommodate diverse learning preferences, some courses in the final spring semester are offered in a hybrid format, supporting online participation.