Study options

Master's Programme in Industrial Engineering and Management

The Industrial Engineering and Management (IEM) programme provides students with the essential skills and entrepreneurial mindset to create and transform technology-based businesses. Our programme is a unique combination of engineering, business and leadership studies that will empower you to create value and sustained competitive advantage for organisations as a top-tier future leader. Graduating engineers from the programme are prepared for challenging positions to solve the most complex business problems including crafting strategies, developing daily operations and designing future organisations.
Aalto University / students doing group work / photography Unto Rautio


Master of Science (Technology)

Application period:

1.12.2020 – 4.1.2021

Language of instruction:



2 years, full-time


Relevant Bachelor's degree

Field of study:

Technology and Engineering


120 ECTS

Organising school:

School of Science

Tuition fees:

For non-EU/EEA citizens, €15000/y (Master’s studies)

The application period has closed

Applying to master’s programmes

Businesses are increasingly shaped by technology. Our programme prepares graduates to lead and develop technology-based businesses by combining engineering, economic, and human perspectives. Industrial Engineering and Management programme graduates have:

  • An integrative understanding of technology and business. You will understand engineering processes, technical systems and underlying technologies and how they are connected to the value creation process of businesses. 
  • Strong leadership and people skills. You will be are equipped to lead and develop organisations and motivate people to realise their inherent potential. 
  • Practical problem-solving skills. You will possess applicable practical skills to solve complex business problems, for example by leveraging sophisticated data analytics. 
  • A can-do attitude. You will be confident and willing to face challenges and tackle new tasks with determination. 
  • An entrepreneurial mindset. You will be  able to identify innovative opportunities for adding value for technology-based businesses. 
  • Broad knowledge of various organisations. You will be able to apply their learnings to a wide scale of technology-based businesses from early-stage startups to large multinational corporations. 
  • Hands-on experience. You will have practical experience in putting the theories into action within the context of technology-based businesses. 

Upon graduation from the IEM programme, graduates have solid competence in engineering and business as well as widely applicable practical leadership and problem-solving skills.

Structure of studies

Industrial Engineering and Management is organised by the School of Science and comprises a total of 120 ECTS credits. The two-year programme consists of:

  • Major (45 ECTS) 
  • Minor (20 ECTS) 
  • Electives (25 ECTS) 
  • Master’s Thesis (30 ECTS) 

The minor is chosen from a technical field and based on the in-depth knowledge acquired during the bachelor studies.

At the beginning of their studies, students define their Personal Study Plans (HOPS) with the help of the programme staff. The primary purpose of HOPS is to ensure that the studies support the student’s interests and are completed in a logical order.


Studying Industrial Engineering and Management is a combination of state-of-the-art theoretical research-based insights and practical learning through cases and group assignments. The programme runs in close collaboration with several industry leading companies and the students can carry out research for the companies as part of the course.

Our programme is very multidisciplinary and flexible. There are plenty of topics and courses from which you can pick your perfect study path. Students get insights from each of the three major options to form an overview of industrial engineering and management. The major options are: 

Minor studies

The technical minor guarantees the student acquires the appropriate level of knowledge in a technical discipline. The minor can be chosen from an appropriate field of engineering, where appropriateness depends on the student’s educational background.

The variety of courses provided is extensive, covering topics like entrepreneurship, innovation and finance. Here are a few examples of the wide course selection:

  • Designing Adaptive and Creative Organisations (5 ECTS) 
  • Service Operations Management (5 ECTS) 
  • Startup Finance (5 ECTS) 
  • Strategies for Growth and Renewal (5 ECTS) 

>> To learn more about the IEM studies, see the programme curriculum (

Studies in Industrial Engineering and Management are the best field for high-growth entrepreneurship.

Risto Siilasmaa, Chairman of Nokia, Founder of F-Secure, Alumnus of Aalto IEM


The programme’s study environment is highly international and studies are conducted in multicultural groups. Students can participate in the international exchange programme at one of Aalto University’s many top-tier partner universities worldwide. Other options to gain international experience are to include a summer course or practical training abroad in the degree.

Apart from the studies, student life among IEM students is very welcoming and active. New students can join the IEM student organisation called Prodeko, which provides different activities, events and other opportunities to balance studies with free-time fun. In addition to the invaluable support by Prodeko, the programme’s alumni act as mentors for international students, smoothing their integration into the IEM and Aalto communities.

As Prodeko members, students also join the international student organisation ESTIEM that organises events and activities around Europe for IEM students. It comprises over 60 student organisations across the continent and offers not only great networking opportunities but also possibilities to take on responsibility in different leadership positions – already as a student.

Aalto University is international by nature, welcoming thousands of degree and exchange students from abroad each year. These students join the diverse Aalto community not only through studies, but also multiple free time events, activities and celebrations around the campus. Programme administrators, active student tutors and student support services work rigorously to help international students integrate into Nordic culture and welcome them at home in Finland.

Further study opportunities

The programme qualifies for doctoral studies (Doctor of Science in an applicable field).

Career opportunities

Studying Industrial Engineering and Management opens up many diverse career paths in organisations ranging from startups to multinational corporations, consultancies and NGOs. Our alumni have also founded numerous companies. Typically, graduates work in expert, analyst or project management roles in their first job after graduation.

Our department’s close collaboration with the industry and an active alumni network helps students build relationships with companies throughout the studies. Furthermore, the student association of Industrial Engineering and Management organises networking events such as an annual seminar for students and alumni. Several companies also offer master’s thesis positions that can lead to employment after graduation.

Aalto University has well-established career services that will support you in finding employment in Finland and abroad. Aalto students tend to find good positions with ease upon graduation. An active entrepreneurship community is also present at Aalto, which can help as a springboard for founding your company. Finally, if an academic career is of interest, the Master’s programme in Industrial Engineering is a great foundation for doctoral studies and post-doc positions.

Research focus

Studies in the programme are linked to the ongoing research focus areas in the Department of Industrial Engineering and Management.

Co-operation with other parties

The Department of Industrial Engineering and Management co-operates closely with the national and international companies - ranging from start-ups to multinational enterprises - and research institutes of the field. In addition, the department has academic co-operation with high quality international universities and organisations research.

The IEM programme itself is multidisciplinary. It is not entirely focused on the technical capabilities but also on the leadership and people skills. Students can choose electives from other schools of Aalto University or from other Finnish universities. Also the technical minor can be selected from other departments schools. 

Aalto University is well-known for bridging disciplines of business, arts, technology and science. The lively campus brings students from different fields under one roof. This spontaneous multidisciplinary environment sparks new ideas, gathers enthusiasts around them and gives birth to friendships, networks, and every so often, startups. 

Programme-specific admission requirements

Industrial Engineering and Management applicants meeting the general eligibility criteria for master's studies are evaluated according to the below Evaluation criteria. The evaluation process is described under Applicant evaluation process. In addition to the obligatory application documents, this study option asks the applicants to submit also the documents listed under Requested documents.

Contact information

For enquiries regarding the application process, obligatory application documents or English language proficiency, please contact Admission Services at [email protected].

For enquiries regarding the programme-specific admission requirements or studies in the programme, please contact Learning Services at Aalto University School of Science at [email protected].

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Leonidas Karavanas Papadimos

Student testimonial: Leonidas Karavanas Papadimos

Industrial Engineering and Management master's student Leonidas Karavanas Papadimos tells us about his experiences studying at Aalto

Department of Industrial Engineering and Management
Kuva: Unto Rautio

Department of Industrial Engineering and Management

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