Study options

Master’s Programme in Strategic Management in a Changing World

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.
A student and an assistant professor on Aalto University campus in Otaniemi

Degree:

Master of Science (Economics and Business Administration)

Application period:

1.12.2021 – 3.1.2022

Language of instruction:

English

Duration:

2 years, full-time

Eligibility:

Relevant Bachelor's degree

Field of study:

Business and Economics

Credits:

120 ECTS

Organising school:

School of Business

Tuition fees:

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

The application period will open 1.12.2021 09:00 (UTC+2)

Objectives of studies

The Master’s Programme in Strategic Management in a Changing World combines business, sustainability, and entrepreneurship in a truly unique way. Students learn how to make sense of an increasingly complex world so that they can continuously update their organisation’s strategy, keeping it geared towards success. The programme provides students with invaluable insights on strategic, data-driven business decision-making.

This programme structure is backed by teaching methods – such as the use of cases, industry partnerships, and accessible faculty – that empower students get the most out of their studies. The programme is run by Aalto University’s School of Business, which ranks 1st in Finland, 3rd in the Nordic countries, and 37th in Europe in Financial Times’ European Business Schools 2020 ranking. Both teaching and research are state-of-the-art, ensuring that graduates from Strategic Management in a Changing World programme will have:

A holistic understanding of business strategy. Graduates will have the knowledge and skills needed for effective strategic management based on understanding global economic megatrends, analyzing opportunities, and avoiding risks.

In-depth knowledge about sustainable business today and in the future. Sustainability is a pragmatic consideration for any business that key stakeholders increasingly value. Regardless of one’s own values,sustainability is an important part of the business environment.

Essential skills for effective management and decision-making. Graduates have excellent quantitative skills, and are innovative problem solvers, analytical thinkers, great communicators, as well as experienced team workers.

Leadership skills. Graduates feel at home in diverse organisations and know how to manage teams effectively and inclusively.

Language of instruction

The Master’s Programme in Strategic Management in a Changing World is taught in English. Students from all cultural and linguistic backgrounds are invited to study in this programme.

Structure of studies

Overall, the Strategic Management in a Changing World comprises a total of 120 ECTS credits. The two-year programme consists of:

  • Core studies (90 ECTS) including Master’s thesis
  • General electives, specialization, or minor studies (30 ECTS)

Content of studies

In the first year of studies, students will develop a solid foundation for expertise in strategic management, quantitative analysis and business decision-making. The second year of the studies is focused on the Master’s thesis, electives, business projects, and integrated learning. While all students major in Strategic Management in a Changing World, students can choose electives to specialise in:

  • Advanced strategy
  • Sustainability
  • Entrepreneurship
  • International Business

The courses in this programme cover a wide range of topics, such as:

  • International Strategy
  • Leading yourself, teams, and organizations
  • Entrepreneurship, disruption, and economic change
  • Strategy-in-action
  • Financial Analysis

In addition to gaining an academic understanding of organisational functions, you will be challenged to develop your tangible skills.

Ryoko Yamada, student

Personal Study Plan (PSP)

The Personal Study Plan (PSP) is a practical tool to define a student’s own study path, compiling an optimal selection of courses that are aligned with the student's interests and programme requirements. The PSP is also a useful tool for students to keep track of their studies. It shows where students are with their studies and sets concrete milestones for them to follow.

Internationalisation

Aalto University 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. 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.

In this programme students also have the opportunity to apply to the prestigious CEMS Masters in Management to be completed in parallel with their degree (https://www.aalto.fi/cems).

Multidisciplinary opportunities

Aalto University is well-known for bridging disciplines of business, arts, technology, and science. The lively campus and freedom to choose elective courses across the University bring students from different fields under one roof. This spontaneous multidisciplinary environment sparks new ideas, generates enthusiasm, and creates lifelong friendships, powerful networks, and every so often, innovative startups.

Career opportunities

Graduates will have diverse career opportunities in consulting, large corporations, and  smaller companies. The strong analytical skills students learn position them for roles such as:

  • Industry Analyst
  • Business Analyst
  • Sustainability Analyst
  • Product-line or Regional Manager
  • Business Development Associate
  • Strategic Planner
  • General Management

Aalto University has well-established career services through which you can get employed in Finland and elsewhere. Aalto students tend to find fulfilling positions with ease after graduation. Aalto also has an active entrepreneurship community, which can serve as a springboard for founding student startups.

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? Sign up and start chatting with our Unibuddy students about all things Aalto!

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Post graduate opportunities

The Master’s programme in Strategic Management in a Changing World is considered a great foundation for doctoral studies and post-doc positions.

Admission dates

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 2022 is from 1 December 2021 to 3 January 2022.

Here are the most important dates to remember:

  • 1 December 2021 – Application period begins and online application system opens
  • 3 January 2022 – Application period ends and the online application system closes
  • 29 March 2022 – Admission results are published at the earliest
  • 20 April 2022 – Deadline for accepting the offered study place

Programme-specific Admission Requirements

In addition to these programme-specific admission requirements, applicants must also fulfill the general admission requirements.

 

Admission group 1: Bachelor’s degree from a university in Finland

Relevance of previous studies

 
What is evaluated? Content and quantity in relation to the applied study-option-specific requirements
Admission requirements

To be considered for admission the applicant must have completed at least 60 ECTS of courses covering the domains of business and economics, management, industrial engineering, or related fields of study. Internships can be included in the credits. The previous studies are assessed by a representative of the programme. Applicants who fulfill the above requirement of previous studies are ranked according to the following criteria.

Evaluated documents Transcript(s) of records, degree certificate(s)
Criticality

Critical (0 points = rejection)

 

Academic performance

 
What is evaluated? Grades of the previous degree(s)
Admission requirements

Weighted GPA of previous degree and overall evaluation of study success. Applicants with a weighted GPA of previous degree lower than 3.50 are not eligible for admission.

Evaluated documents Transcript(s) of records, degree certificate(s)
Criticality Critical (0 points = rejection)

 

Suitability

 
What is evaluated?

Motivation letter, video, CV

Admission requirements

The needed documents are 1) a motivation letter, 3) short video presentation, and 3) the applicant’s CV.

 

There are four questions for both the motivation letter and the video; yet, the applicants are encouraged to not feel constrained by these guiding questions:

  1. Why are you applying to this program?
  2. How will you contribute to enriching the learning experience of other students in the program?
  3. How have your previous achievements prepared you for this program?
  4. Why is a master’s degree in a Strategic Management in a Changing World important to you? Why do you think it will be an ideal learning experience?

 

The motivation letter will be a maximum of 1200 words, including a 200 word summary and a 1000 word ‘main’ section.

 

Videos will be short (2 minute maximum) and will focus on the applicant’s main motivation (see the guiding questions above)). We will encourage applicants to take whatever format they would like, though will highlight that a ‘monologue’ style is a perfectly acceptable baseline.

 

Applicants selected to the interview phase will receive further information of the format and schedule of the interviews after the initial evaluation.

Evaluated documents

Motivation letter, video, CV

Criticality

Critical (0 points = rejection)

 

Phase 2

Suitability

 
What is evaluated?  

Interview

Admission requirements

Interviews will be carried out online. The interview panel will assess the applicant’s suitability to the study option based on general cognitive ability, critical thinking skills, learning orientation, pro-social orientation and language skills.

Evaluated documents  

Interview

Criticality

Critical (0 = rejection)

 

Admission group 2: Bachelor’s degree from a university of applied science in Finland or from a higher education institution abroad

Relevance of previous studies

 
What is evaluated? Content and quantity in relation to the applied study-option-specific requirements
Admission requirements

To be considered for admission the applicant must have completed at least 60 ECTS of courses covering the domains of business and economics, management, industrial engineering, or related fields of study. Internships can be included in the credits. The previous studies are assessed by a representative of the programme. Applicants who fulfill the above requirement of previous studies are ranked according to the following criteria.

Evaluated documents Transcript(s) of records, degree certificate(s)
Criticality

Critical (0 points = rejection)

 

Academic performance

 
What is evaluated? Grades of the previous degree(s)
Admission requirements

Weighted GPA of previous degree and overall evaluation of study success. Applicants with a weighted GPA of previous degree lower than 3.50 are not eligible for admission.

Evaluated documents Transcript(s) of records, degree certificate(s)
Criticality Critical (0 points = rejection)

 

Standardized tests

 
What is evaluated? Analytical and quantitative skills
Admission requirements

GMAT or GRE is obligatory in admission group 2 (minimum score 550 in GMAT or equivalent GRE score).

Evaluated documents GMAT/ GRE test results
Criticality

Critical (0 points = rejection)

 

Suitability

 
What is evaluated?

Motivation letter, video, CV

Admission requirements

The needed documents are 1) a motivation letter, 3) short video presentation, and 3) the applicant’s CV.

 

There are four questions for both the motivation letter and the video; yet, the applicants are encouraged to not feel constrained by these guiding questions:

  1. Why are you applying to this program?
  2. How will you contribute to enriching the learning experience of other students in the program?
  3. How have your previous achievements prepared you for this program?
  4. Why is a master’s degree in a Strategic Management in a Changing World important to you? Why do you think it will be an ideal learning experience?

 

The motivation letter will be a maximum of 1200 words, including a 200 word summary and a 1000 word ‘main’ section.

 

Videos will be short (2 minute maximum) and will focus on the applicant’s main motivation (see the guiding questions above)). We will encourage applicants to take whatever format they would like, though will highlight that a ‘monologue’ style is a perfectly acceptable baseline.

 

Applicants selected to the interview phase will receive further information of the format and schedule of the interviews after the initial evaluation.

Evaluated documents

Motivation letter, video, CV

Criticality

Critical (0 points = rejection)

 

Phase 2

Suitability

 
What is evaluated?  

Interview

Admission requirements

Interviews will be carried out online. The interview panel will assess the applicant’s suitability to the study option based on general cognitive ability, critical thinking skills, learning orientation, pro-social orientation and language skills.

Evaluated documents

Interview

Criticality

Critical (0 = rejection)

Contact

In case of programme-specific questions and inquiries, please contact [email protected].

If you have questions about the admissions or application instructions, you can reach out to [email protected].

More information on Master's Degree Programmes

The application period will open 1.12.2021 09:00 (UTC+2)

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