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Master's Programme in Strategic Management in a Changing World
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Curriculum 2024–2026
About the programme
Degree level learning goals
In addition to the goals stated in Government Decree on University Degrees (794/2004) 7 § the aim of the Master of Science degree in Economics and Business Administration is to provide students with
- Business knowledge: A comprehensive understanding of the area of specialisation, including its potential to address environmental, economic and social sustainability challenges.
- Problem-solving and opportunity creation skills: The ability to identify and analyse sustainability challenges and business opportunities and creatively develop solutions.
- Scientific thinking: The ability to independently retrieve, assess, apply and create knowledge in the field of business and economics.
- Ethical behaviour: The ability to reflect on the ethical foundations and implications of business decision-making for different stakeholders and to act accordingly.
- Communication and teamwork: The ability to communicate effectively and to foster diversity, equity and inclusiveness in organisations.
Programme level learning objectives
A student graduating from the programme will be able to
- create and enact strategy as a continuous process, with a deep understanding of environmental, economic, and social sustainability challenges involved in business in general and strategy work in particular.
- integrate diverse sets of information about the ever-changing business environment into the strategy process, with specific emphasis on global megatrends of sustainability, internationalization, and digitalization
- retrieve, assess, apply, and create quantitative and qualitative knowledge, with the analytical skills needed to evaluate and communicate the financial viability of strategic alternatives, including quantifying and monetizing sustainability considerations.
- reflect on the ethical foundations and implications of business decision-making in general, with an actionable understanding of the ethical implications involved in strategic management practices in particular.
- effectively communicate in different business situations and contribute to teams positively as team leaders and members. They are able to use people management and communicational practices that foster diversity, equity and inclusiveness in organisations.
Degree structure
Total
120
ECTS
ECTS
ECTS
*Including Master's thesis 20 ECTS
Programme studies 90 ECTS
Code: BIZ234
Scope: 90 ECTS
Programme director: Pekka Pälli
| Code | Course name | ECTS | Period |
|---|---|---|---|
| MNGT-E1016 | Master's Thesis Seminar1 | 2 | I, III |
| MNGT3.20.thes | Master's Thesis | 20 | |
| BIZ.thes | Maturity test | 0 | |
| MNGT-E1015 | Programme Introduction | 2 | I |
| 20E99904 | Capstone: Business Development Project | 6 | I-II, IV-V |
| Specialisation studies | |||
| 21E00034 | Strategy Process | 6 | I, III |
| MNGT-E1005 | Strategy in Action | 6 | II, III |
| ABL-E1377 | Financial Management | 6 | II |
| 21E16001 | Sustainability in Business | 6 | I, V |
Choose 30 ECTS from the following list |
|||
| MNGT-E2009 | International Strategy | 6 | I, V |
| 77E00200 | Strategy Communication | 6 | III |
| MNGT-E1009 | Leading Yourself, Teams and Organizations | 6 | I |
| 21E00052 | Data-driven Business | 6 |
2024-2025: II 2025-2026: II, III |
| MNGT-E2005 | Sustainability in Global Value Chains | 6 | II |
| MNGT-E4002 | Strategic Stakeholder Relations2 | 6 | III |
| MNGT-E4003 | Strategic Change Management | 6 | IV |
| BIZ-E0100 | Customized Student Business Project | 6 | I-V |
Choose 6 ECTS from the following list |
|||
|
MNGT-E2015 MNGT-E2016 |
Data Analytics for Managers, module 1 and Data Analytics for Managers, module 23 |
3 3 |
II |
| ISM-C1004 | Business Analytics I | 6 | II |
| 30E03000 | Data Science for Business I | 6 | I, IV |
1 Replaces MNGT-E1014 Master’s Thesis Seminar
2 Replaces 77E28000 Corporate Responsibility Communication
3 MNGT-E2015 Data Analytics for Managers, module 1 and MNGT-E2016 Data Analytics for Managers, module 2 together replace MNGT-E2014 Data Analytics for Managers 6 ECTS
Elective studies 30 ECTS
You can choose elective studies to your Master's degree so that the scope of the degree (120 credits) is fulfilled. You can exceed the scope of the degree by one course maximum.
Elective studies can include basic, intermediate or advanced level courses. You can use the module e.g.
- To complete a minor
- To broaden your skills and knowledge via multidisciplinary studies:
- select courses in the field of technology or art
- select courses in other universities via JOO study right
- Select gender studies via Hilma network or other Aalto networks
- To gain entrepreneurial skills
- To deepen your language and communication skills (see short informational video about the Language Center here)
- To deepen or broaden your skills and knowledge in the field of business
- select additional courses in your degree programme or major
- select courses from other degree progarmmes or majors in the School of Business
- select additional courses in your minor
- complete the Customized Student Business project BIZ-E0100 (read more here)
- To gain work experience and working life skills via an internship (read more at During your studies > Other studies)
- To gain skills in self leadership, finding meaningfulness, and improving study wellbeing via Personal Impact courses
The scope of the minor varies depending on the minor. Please check each minor's requirements. For a list of all the minors at Aalto University, see Aalto Minors hub.
Please also check your programme's curriculum to see if there are any requirements for the minor in your programme.
A minor included in the Master's degree can be one of the following:
- a module confirmed in the curriculum (a minor study entity offered at the School of Business)
- a module completed in an official exchange programme partner of the School of Business or in another programme meeting the requirements set in the official exchange programme policy of the School of Business
- a module earned at another Aalto University school
- a module earned at another Finnish university e.g. under the agreement on flexible study rights (JOO agreement).
Exchange studies is a very popular minor among the students of the School of Business. If you are interested in completing exchange studies as your minor, please check out this short informational video.
If you have mandatory language studies in your master's degree, they are included in the elective studies module. You have received information about these in the beginning of your studies, if this applies to you. If you are uncertain of whether you need to demonstrate language proficiency in the master's degree, please contact your programme's planning officer to get further information about the matter.
- If you have completed your bachelor's degree in Finland (in Aalto or in another higher education institute), you have fulfilled the compulsory language requirements in the respective degree or received the exemption. You do not need to complete language studies in the master's degree.
- If your language of education is Finnish or Swedish and you have completed your bachelor’s degree outside of Finland, you must demonstrate proficiency in national languages by writing the maturity test in your language of education (Finnish or Swedish) and complete the language proficiency tests in the other national language. Read more about the language of education here. You may also apply for an exemption of demonstrating proficiency in national languages. See also the following bullet.
- If you have completed your bachelor’s degree outside of Finland, you must complete minimum of 3 ECTS in English. You can choose any course on B2 level or higher. Students, whose language of education is not Finnish or Swedish, may alternatively complete an elementary course in Finnish or in Swedish. The courses in national languages can be at any level on CEFR scale.
Language studies are included in students’ elective studies and are agreed in the personal study plan (HOPS). Language center offers the language studies.
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