Global Management, Master of Science (Economics and Business Administration)
Language of instruction:
Field of study:
The Master’s programme in Global Management prepares students to operate responsibly and successfully in influential decision-maker positions in a globalized environment. The programme develops students’ knowledge and skills in strategy, business development, leadership, and cross-cultural understanding. Students have the opportunity to acquire two highly prestigious qualifications: an MSc in Economics and Business Administration granted by Aalto University School of Business and the CEMS Master’s in International Management (MIM) granted by CEMS, the Global Alliance in Management Education.
CEMS MIM is an internationally recognized and highly valued management programme. Aalto University ranks 1st in Finland in Financial Times’ European Business Schools 2020 ranking. Both research and teaching are state-of-the-art, and involve intensive corporate collaboration. This ensures that upon graduating from the Global Management programme, graduates will have:
Extensive knowledge about responsible business decision-making. Graduates possess invaluable knowledge and skills in global strategy, analytical thinking, leadership, cooperation, and teamwork in a sustainable business environment.
A holistic approach to global management and leadership. Graduates are able to work in a fast-paced, diverse, and ever-globalizing business environment.
Two highly respected qualifications. Graduates are double-qualified, as the programme consists of MSc in Economics and Business Administration (Aalto University) and the CEMS Master’s in International Management (MIM) granted by CEMS.
A deep connection with the international CEMS community. Worldwide ca. 1.300 CEMS students start in the CEMS MIM programme annually and they form local CEMS Clubs like CEMS Club Helsinki. Graduates become a part of the unique and tight-knit global community that consists of 34 academic members, ca. 80 multinational companies and NGOs, and close to 18.000 alumni worldwide. This provides the graduates with a life-long network of friends and collaborators.
Language of instruction
The language of instruction is English.
Tuition fees and scholarships
Aalto University’s tuition fee for master’s programmes taught in English is 15 000 euros per academic year. Tuition fees apply to citizens of countries other than those of the European Union (EU), the European Economic Area (EEA) or Switzerland.
Aalto University has a scholarship programme to support non-EU/EEA citizens who study in a fee-charging degree programme. The scholarship may cover 100% or 50% of the tuition fee.
More information on tuition fees and scholarships at Aalto University is available at the Scholarships and Tuition Fees webpage.
Structure of studies
Overall, the Master’s programme in Global Management comprises a total of 120 ECTS credits. The two-year programme consists of:
● Programme studies (88 ECTS) including exchange (25–30 ECTS) and business project (15ECTS)
● Master’s thesis (20 ECTS)
● Electives (12 ECTS)
In the first year of studies, students will develop a solid foundation in e.g. political economy, business analytics, strategy, and financial management. Students also write their 20 ECTS Master’s thesis in the first year. The second year of the programme focuses on CEMS MIM (Master’s in International Management) studies. Students spend either fall or spring term of the second year in another CEMS school. The second year of studies follows the common CEMS MIM curricular content in place in all CEMS member schools.
The unique Global Management programme develops students’ skills and knowledge in various topics, such as:
● Political Economy
● Global Strategy
● Global Leadership
● Business Analytics.
During the CEMS MIM year the students have the opportunity to widen their knowledge through elective CEMS studies.
Ben Laszlo, student
The programme is not about learning theories by heart but applying them to real-life settings.
CEMS network, international internship, courses in collaboration with global businesses, CEMS term abroad, and two internationally recognized qualifications are some examples of the programme’s international core.
Aalto University as a whole is international by nature, welcoming thousands of degree and exchange students from abroad every year. These students join the diverse Aalto community not only through studies but also via multiple free time events, activities and celebrations around the campus. Active tutoring programs and support services work hard to help international students integrate into the Nordic culture and feel at home in Finland.
Further study opportunities
The Master's programme in Global Management at Aalto is considered a great foundation for doctoral studies and post-doc positions.
Programme graduates are highly valued in working life. The programme prepares graduates for careers in many different fields and roles, such as:
● Business Analyst
● Brand Manager
● Marketing Manager
● Development Manager
● Engagement Manager
● Operations Manager
CEMS Alliance provides students and graduates with extensive career support, such as global Career Web, CEMS Career Forum and other career events. Many CEMS graduates start their careers outside their home country.
Aalto University has well-established career services through which you can get employed in Finland and elsewhere. Aalto students tend to find good positions with ease upon their graduation. An active entrepreneurship community is also present at Aalto, which can help as a springboard for founding your company.
The research in this programme is linked to several focus areas in the School of business. Additional information about research related to this programme can be found at the Department of Management Studies website: https://www.aalto.fi/en/department-of-management-studies
Co-operation with other parties
Aalto University and the departments involved in the programme collaborate with many high-quality universities worldwide.
The student can take advantage of the studies within other Aalto University Schools, studies under the flexible study right agreement (JOO) within other universities as well as the major's international connections and student exchange possibilities.
Chat with Aalto students
Are you wondering what it is like to study at Aalto University? Or what student life is like at Aalto’s vibrant Otaniemi Campus or at the Mikkeli Unit? Come chat with our students about all things Aalto!
Aalto University proudly clinches bronze in the CEMS schools’ student feedback
The School of Business’s experienced CEMS team supports students throughout their study programme
The admissions to Master's programmes at Aalto University in the field of Business and Economics are organised once a year. The application period for studies starting in autumn 2023 is from 1 December 2022 to 2 January 2023.
Here are the most important dates to remember:
- 1 December 2022 – Application period begins and online application system opens
- 2 January 2023 – Application period ends and the online application system closes
- 29 March 2023 – Admission results are published at the earliest
- 20 April 2023 – Deadline for accepting the offered study place
Programme-specific Admission Requirements
In addition to the programme-specific admission requirements listed below for admission group 1 and admission group 2, applicants must also fulfill the general admission requirements.
Admission group 1: Bachelor’s degree from a university in Finland
Admission group 2: Bachelor’s degree from a university of applied science in Finland or from a higher education institution abroad
Required application documents
See detailed application criteria below in PHASE I.
- Transcript of records
- Proof of proficiency in English
- Proof of proficiency in language 2
- GMAT or GRE results (Admission group 2 only)
- Motivation video
All the above documents are mandatory for an applicant to be eligible. Documents 1-5 must be submitted in the regular application portal. Document 6, the motivation video is to be submitted via the link below during the application period.
Student selection criteria
Applicants' suitability for the programme will be assessed based on the following CEMS-wide selection criteria:
Intellectual potential & knowledge
- Intellectual potential
- Academic excellence
- Prior knowledge in the business field
Attitude & soft skills
- Desire to achieve
- Interpersonal competences
- Critical thinking
- Motivation for the MIM program
- Language skills
- International openness and cross-cultural aptitudes
PHASE I: Evaluation based on application documents
1) Academic background (as documented by transcript of records)
60 ECTS of business related studies. The applicant must have completed at least 60 ECTS of business related studies (corresponding to one year of full-time studies at university level).
Admission group 1: Applicants must demonstrate good academic performance. Applicants with a weighted GPA of previous degree lower than 3.50 (Finnish ECTS evaluation) are not eligible for admission.
Admission group 2: Applicants must demonstrate good academic performance (evaluation is based on the GPA of the previous degree).
2) Language requirements: English (Language 1)
Proficiency in English is an eligibility requirement for the programme. Proof of proficiency is required from both Admission group 1 and group 2 applicants. Acceptable proof of proficiency:
Bachelor's or Master's level university degree completed entirely in English
- at an institution physically located in: USA, Canada, UK, Ireland, Australia or New Zealand, while residing in that country; or
- in a CEMS / Equis / AACSB accredited institution in an EU/EEA country, Switzerland, or South Africa, while residing in that country (e.g. Aalto University School of Business);
The official language of such degree must have been English, and this must be clearly stated on the degree certificate.
- One of the following language tests (minimum score):
- IELTS (Academic)/IELTS Indicator (7.0), (*writing 5.5)
- TOEFL (iBT100), (*writing 22)
- CAE (B),
- CPE (C),
- PTE Academic (68), (*writing 54)
Note: TOEFL iBT Home Edition test is accepted; a minimum score of 100 is required, with a score of at least 20 in each section.
* Additional writing section minimum required by Aalto University. Please check the general Aalto eligibility rules to see if this additional requirement applies to you: https://www.aalto.fi/en/study-at-aalto/applying-to-masters-programmes.
3) Language requirements: Language 2
Good proficiency (CEFR level B1 or above) in a language other than English is required from all applicants. Acceptable proof of proficiency must be included with the application and may consist of e.g.:
- School certificate of primary/secondary education completed entirely in the specified language.
- Bachelor’s degree from a programme in which the official language of instruction was other than English. The official language must be clearly stated on the degree certificate.
- Certificate from a language test or course(s) in which the level of proficiency is clearly indicated.
- If no such clear proof of proficiency level is available, certificate of mother tongue issued by official authorities can be used (e.g. Digital and Population Data Services Agency in Finland).
4) CV in English
The comprehensive CV evaluation takes into account relevant education, work experience, and extracurricular activities, as well as international orientation as demonstrated by e.g. work, studies, or extracurricular activities abroad, participation in various international or inter-cultural activities in home country, and knowledge of and interest in learning foreign languages.
Work experience in the CV should be documented by enclosing corresponding work/internship certificates. English translations of these are not required.
5) GMAT score (or comparable GRE score)
GMAT or GRE is obligatory in admission group 2 (minimum score 600 in GMAT or equivalent GRE score).
6) Motivation video
To demonstrate their motivation for studies in the programme, applicants are required to submit a max 2-minute video in English on the topic: 'How will the Global Management programme together with CEMS MIM help me towards my professional goals?', further divided into two questions:
- Why am I applying to this programme?
- Why should I be selected to study in the programme and to become a member of the CEMS community?
PHASE II: Interview and further assessment
Based on the evaluation in phase I, the best applicants are allotted a time for an interview and further assessment, including a short oral presentation on a pre-assigned topic. Invitations to phase II are sent per email by February 28, 2023. The assessments take place virtually in early March.
The selection of applicants into the programme is based on phases I and II described above. In case of a tie, phase II scores are used as the basis for evaluation.
More information on Master's Degree Programmes
The Master’s Programme in Accounting prepares students for producing and using financial and non-financial information to control and manage companies. Accounting, whether financial accounting or management accounting, is at the heart of every business and a critical part of planning and decision-making in companies. Accounting graduates possess invaluable and highly universal know-how for succeeding in different organisations across all industries and continents.
Studying in the Master’s Programme in Business Analytics gives students a unique combination of skills in leadership, business, and technology. Programme graduates are future leaders of the digital and sustainable era. The programme provides students with in-depth knowledge in data-based decision-making and analytics and allows them to specialise in different business domains.
The Creative Sustainability (CS) programme provides students with the skills and knowledge to address pressing global sustainability challenges through business. Students with different backgrounds are united by the creative solutions, hands-on methodologies and shared values that characterise the programme. Graduates are well-prepared for leadership positions that require harnessing business understanding to reach the Sustainable Development Goals (SDGs).
The Economics programme prepares students to structure and understand the world through in-depth economic expertise and strong analytical skills, combined with computation and data processing skills. It is meant for students who are fascinated by complex challenges such as climate change, inequality and innovation, and want to address these challenges in an analytical manner. Students have the unique opportunity to be part of Helsinki Graduate School of Economics, formed by Aalto University, Hanken School of Economics, and University of Helsinki, that aims to train the future generation of world-class economists.
The Master’s Programme in Finance at Aalto University offers an exciting curriculum spanning various topics including corporate finance, (alternative) investments, mergers and acquisitions, behavioural finance, sustainability, fixed income, entrepreneurial finance, fintech, and financial econometrics. Students can select minor and elective studies from numerous other disciplines including Economics, Accounting, Analytics and Data Science, and (Financial) Engineering. Students selected into the programme share high academic potential, ambition, and an analytical mindset, making Finance graduates an extremely attractive talent pool for global employers in the financial sector and beyond. The programme also provides an excellent preparation for the world’s leading PhD programmes.
Master's Programme in Information and Service Management is the most tech-savvy programme at the Aalto University School of Business. The ISM programme shapes students into future leaders of the digital era with a unique combination of leadership, business and technology. ISM provides students with in-depth expertise in developing, managing and leading data-heavy businesses, making graduates highly sought after in the job market.
IDBM is a pioneering and renowned study programme that truly embodies the vision of Aalto by integrating design and technology with global business development. Through transdisciplinary teamwork and real-life business challenges provided by our prominent industry partners, the programme prepares students as the next generation of creative professionals. IDBM is uniquely positioned as the only programme offered in all six schools of Aalto, allowing programme graduates to earn a Master’s degree in either business, design or technology.
Organisations today seek talent that understands how global trends, such as digitalisation, globalisation and circular economy, affect their core business, strategy and brand. The Master’s Programme in Marketing prepares students to face these challenges and provides them with the skills and knowledge to drive a global market and customer strategy. As a result, graduates are well-equipped in bringing customer and market insights to strategic decision making of companies competing in global markets.
The Master’s Programme in People Management and Organizational Development
provides students with expert knowledge and the analytical, communication and teamworking skills needed to help organizations to develop their operations successfully and sustainably. Upon graduation students work in expert and leadership roles in the fields of human resource management and organizational development. The programme further offers students a unique chance to complete a double degree programme with the University of Queensland (AU) or University of South Carolina (US). The programme is run in close collaboration with business, public organizations and NGOs. Thus, the programme offers students the latest knowledge in people management and organizational development in rapidly changing world of work and organizations.
Strategic Management in a Changing World is a unique Master’s programme that teaches students how to develop effective strategy in a rapidly changing world. Graduates are analytical decision-makers who can identify valuable business opportunities by evaluating of complex global megatrends such as sustainability, digitalization, and globalization. To action these new opportunities, the programme teaches students how to bring an entrepreneurial mindset into their organizations.
The Master´s Programme in Business Law is taught in Finnish.
For more information visit our Finnish web site.