M.Sc. Management and Economics of Innovation

Chalmers University of Technology

Application deadline: January 15
Tuition fee:
  • Free (EEA)
  • € 16,000 / Year (Non-EEA)
Start date: September  2014
Credits: 120 ECTS
Duration full-time: 24 months
Languages:
  • English
Location:
Disciplines:
Delivery mode: On Campus
Educational variant: Full-time

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Description

In the modern knowledge economy, various forms of new knowledge, especially in technology, are critical factors underlying industrial innovation, competitiveness, and economic growth. This programme focuses on how and why companies innovate to compete and how companies can reap financial returns from their investments in innovation.

Through a combination of an advanced level of business management and economics in relation to engineering knowledge, you will be trained to analyse, understand and skilfully manage innovation processes in companies and other areas of society.

Programme description

Innovation processes present challenges and opportunities for a range of different organisations, such as established firms, new entrepreneurial firms, universities and government agencies. Industry, as well as society, therefore need managers and employees who not only have scientific and engineering training but who also have acquired a thorough understanding of the innovation process and how it can be handled in a financially successful
way.
At the intersection between technology, management and economics, the overall purpose of the programme is to train you to skilfully analyse and manage innovation and renewal. After having completed the programme, you should be able to:

  • Analyse and understand how and why innovations, technical and scientific information and knowledge interact with market and economic forces.
  • Identify, formulate and solve problems related to innovation and renewal activities involving technological, economic, organisational and institutional change.
  • Handle and execute strategies and practical implementation for innovation and renewal by applying state-of-the-art research and management methods and tools.
  • Lead, interact and communicate with qualified professionals within and outside their own organisations and/or their own knowledge field.

Together with committed teachers, that include you as a student in their research and students from both industrial economy and the field of engineering, this programme creates a base for developing yourself and your ability to lead and develop organisations.

Career opportunities

Future career opportunities will primarily be found in the business sectors, including large multinational firms as well as small technology- based firms. Examples of occupations include management consultancy, technology/industry analysis, project management, product development, R&D management, business development, corporate venturing, hi-tech entrepreneurship and venture capital. Interesting job opportunities also exist in government policy-making agencies, non- government organisations, universities and institutions commercialising science and technology.

Contents

Educational methods

To help you acquire and utilize appropriate theoretical and methodological tools, the programme trains you by combining extensive practical training, often project based industry challenges, with critical analysis, putting theories and methods to effective use. You will take part in lectures, seminars, workshops and supervised project work. Assessment techniques include oral examination and written examination; individual and group examinations.
All courses within the programme invite feedback from students on all essential aspects of the course and the education, something that clearly has supported the improvement of the programme. Furthermore, the mixture of students from different cultural and educational/engineering backgrounds supports the programme’s international profile.

Research and industry connections

We operate in an environment with open and extensive affiliations with business and industry, and the research underlying the programme is therefore closely linked to current business practice and problems. This is demonstrated, for example, through guest lectures, joint research projects, Master’s thesis, applied projects dealing with current business issues. Additionally, the faculty is involved in executive education through CHAMPS, Chalmers

Professional Education.

Several of the programme’s professors also conduct research at CBI, Center for Business Innovation, at Chalmers. With funding from Vinnova, CBI is a major research centre in the field of management of innovation

Requirements

To be eligible an applicant must either be a holder of a Bachelor's degree in Science/Engineering/Architecture or be enrolled in his/her last year of studies leading to such a degree.

Specific entry requirements

Bachelor´s degree (or the equivalent) with a Major in Industrial Engineering and Management or an Engineering Discipline. Prerequisites: Mathematics, minimum 30 cr. including Statistics, minimum 7.5 cr.. Minimum 15 cr. from studies in one or several of the following subjects; Organization theory, Project management, Management, Innovation management, Business administration and Economics. The required 15 cr. may also include maximum 7.5 cr. of Sustainable development. Preferable course experience: Single- and multivariable analysis, Linear algebra.

English Language Proficiency

The most common and important scores that are accepted are

  • IELTS (academic training), 6.5 (with no part of the test below 5.5)
  • TOEFL (Internet based): 90 (with a minimum of 20 on the written part)

The application period for the academic year 2014/15 opens 1 December 2013.

English Language Requirements

IELTS band: 6.5
CAE score: (read more)

Cambridge English: Advanced (CAE) is part of the Cambridge English suite and is targeted at a high level (IETLS 6.5-8.0). It is an international English language exam set at the right level for academic and professional success. Developed by Cambridge English Language Assessment - part of the University of Cambridge - it helps you stand out from the crowd as a high achiever.

60 (Grade C)
TOEFL paper-based test score : 575
TOEFL iBT® test: 90

Funding

Scholarships administered by Chalmers University of Technology for Master's Studies in 2013

  • The Avancez Scholarships are 75% tuition fee waivers awarded by Chalmers University of Technology and are funded by the Chalmers Foundation. These scholarships are available to all students who are liable to pay tuition fees i.e., students with non-EU/EEA nationality.
  • The iPOET (International Programme Office for Education and Training) Scholarships are 75% tuition fee waivers funded by the Government of Sweden. They are allocated and awarded by Chalmers University of Technology. These scholarships are available to all students who are liable to pay tuition fees i.e., students with non-EU/EEA nationality.
  • The Chalmers Mastercard Scholarship for a Master's Student from Central America, South America or Mexico is a 280 000 SEK reduction of the tuition fee (70 000 SEK reduction/ semester).
  • The FlexLink Scholarship for a Master's Student from China is a 100% tuition fee waiver along with possibilities for internship and a final master thesis project.
  • The Mölnlycke Health Care Scholarships for Master's Students from China and the US are 100% fee tuition waivers with possibilities for summer internships and a final master thesis project.
  • The Sievert Larsson Scholarship Fund (within Friends of Chalmers) offers a 100% tuition fee waiver and living expenses to students of Thai nationality who aim to study on a Master’s programme at Chalmers University of Technology.
  • The Volvo Cars’ scholarships are a 100% tuition fee waiver awarded to 2 Chinese students with the guarantee of participation in the VESC (Volvo Engineering Student Concept) programme which includes a summer job, master thesis project, mentorship and possible employment at Volvo Cars Corporation.
  • The US Friends of Chalmers Scholarship is a fund scholarship comprising USD 35 000 (i.e. a reduction of the tuition fee by USD 8750 per semester) and is awarded to one student of US citizenship.
  • The Volvo Group Scholarship Programme is a 100% fee tuition fee waiver awarded to students of Indian nationality and Chinese nationality. The Scholarship includes possibilities for internships during the summer, a final Master thesis project and mentorship.

Note: Being granted alternative funding from external patrons does not affect the possibility of obtaining scholarships from Chalmers, as an applicants financial status is not taken into account during the nomination process.

Adlerbert Foreign Student Hospitality Fund - Only open for international students who have been admitted to, and enrolled on, a Master's Programme at Chalmers. Thus, prospective students cannot apply. Students can be awarded the scholarship a maximum of two times. The application period opens in late January and closes in late February. Consequently, it is only possible to apply during this period of a student's first and second year.

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