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Master's Programme in Strategic Management in a Changing World
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Curriculum 2026–2028
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 89 ECTS
Code: BIZ234
Scope: 89 ECTS
Programme director: Pekka Pälli
| Code | Course name | ECTS | Teaching |
|---|---|---|---|
| MNGT-E1016 | Master's Thesis Seminar | 2 | I, III English |
| MNGT1/2/3/4.20.thes | Master's Thesis | 20 | |
| BIZ.thes | Maturity test | 0 | |
| MNGT-E1015 | Programme Introduction | 2 | I English |
| 20E99904 | Capstone: Business Development Project | 6 | I-II, IV-V English |
| MNGT-E1003 | Quantitative Methods | 3 | II, IV English |
| MNGT-E1011 | Qualitative Methods | 3 | II, IV English |
| TU-E1060 | Strategy Process1 | 5 | I English |
| MNGT-E1005 | Strategy in Action | 6 | II, III English |
| ABL-E1377 | Financial Management | 6 | II English |
| 21E16001 | Sustainability in Business | 6 | I, V English |
Choose 24 ECTS from the following list |
|||
| MNGT-E2009 | International Strategy | 6 | I, V English |
| 77E00200 | Strategy Communication | 6 | III English |
| MNGT-E1009 | Leading Yourself, Teams and Organizations | 6 | I English |
| 21E00052 | Data-driven Business | 6 | II, III English |
| MNGT-C2006 | Sustainability in Global Value Chains2 | 6 | II English |
| MNGT-E4002 | Strategic Stakeholder Relations | 6 | III English |
| MNGT-E4003 | Strategic Change Management | 6 | IV English |
| 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 2 |
3 3 |
II English |
| ISM-C1004 | Business Analytics I | 6 | II English |
| 30E03000 | Data Science for Business I | 6 | I, IV English |
1 Replaces 21E00034 Strategy Process
2 Replaces MNGT-E2005 Sustainability in Global Value Chains
Elective studies 30 ECTS
Elective studies must meet the following requirements: they must be completed at a university or university of applied sciences; they must, as a rule, be a part of the degree studies of the university or university of applied sciences organizing the studies and they must meet the objectives of the degree completed at the Aalto University School of Business. Elective studies cannot overlap with other studies included in the degree in terms of content and intended learning outcomes.
Higher education institutions also offer studies outside degree education aimed at a wide audience, the suitability of which for the degree is assessed in relation to the intended learning outcomes of the degree. For example, courses that can be completed freely online and have a scope of 1-3 ECTS are generally not accepted as part of the degree.
Elective studies are selected so that the scope of the degree of 120 ECTS is met.
Elective studies can, for example, be used for:
- completing a minor
- broadening your skills and knowledge via multidisciplinary studies by
- completing another minor or individual courses in the fields of technology, art and design
- completing University Wide Studies
- completing studies at European Unite! universities
- completing network studies, for example from the Hilma network of gender studies or other networks
- acquiring entrepreneurial skills
- deepening language and communication skills by
- completing studies at the Aalto University Language Centre either as individual courses or as an entire minor
- completing studies in language and multicultural studies offered by European Unite! universities
- broadening or deepening expertise in your own field by
- completing additional studies in your programme or major
- completing studies in other programmes or majors
- completing additional studies in a minor
- completing the Customized Student Business project BIZ-E0100 (read more here) or Non-governmental organization project BIZ-E0110 (read more here)
- acquiring working life skills by completing an intership (read more at During your studies > Other studies)
- learning self-leadership skills, finding meaningfulness and developing study-wellbeing by completing Personal Impact courses.
A minor can be
- a minor organized by Aalto University (find the list of offered minors here)
- international minor that is completed through the Aalto University exchange programme at a university abroad or in a programme fulfilling the requirements of the exchange programme as a free mover student (instructions here)
- a study module completed at another university in Finland or abroad. As a rule, the minor must be a confirmed minor or similar study module in the curriculum of the higher education institute offering the study module.
The scope of the minor is determined according to the requirements of the minor.
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 including both oral and written proficiency. You can choose any course on level B2 or higher. Courses at a sufficient level and including both oral and written proficiency are marked with ‘o’ and ‘w’ in the course name. 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.