M.Sc. International Master of Industrial Management (IMIM), Erasmus Mundus , M.Sc.

  • On Campus
  • 24 months
  • EUR18500 per Year (International

    Tuition fee for the international students.

    EUR16500 per Year (EEA

    European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.

  • English ( Take IELTS test or Find a course )
KTH Royal Institute of Technology | Stockholm, Sweden
The overall aim of the programme is to provide students with a primarily scientific or engineering-based educational background with business skills relevant for pursuing managerial careers in internationally orientated manufacturing and service industries.
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The IMIM Programme was founded in 2004 by Universidad Politécnica de Madrid (Spain), Politecnico di Milano (Italy) and KTH Royal Institute of Technology (Sweden). It has been successfully implemented with funding from the Erasmus Mundus Programme from 2006 to 2010. Due to the high quality throughout demonstrated, in 2010 IMIM has been awarded by the European Commission/EACEA an Erasmus Mundus Brand Name (EMBN). In 2012 the·Consortium and the·Programme changed·their structures and·different streams of specialisation were introduced for the 3rd semester. The Master was then awarded with the Erasmus Mundus funding for the·years 2013-2017. In 2013 Heriot-Watt University (Scotland, UK) joined the IMIM Consortium.

The overall aim of the programme is to provide students with a primarily scientific or engineering-based educational background with business skills relevant for pursuing managerial careers in internationally orientated manufacturing and service industries.

The programme covers a broad range of managerial topics and gradually deepens the students knowledge of these. Particular emphasis is placed on topics of great relevance for technical university graduates, such as operations and supply chain management. Another key feature of the programme is its integrative teaching approach aimed at developing the ability of students to tackle managerial issues in an interdisciplinary manner. The fourth semester is entirely devoted to industry-related project work in close collaboration with European companies, forming the basis for a master thesis to be submitted towards the end of the semester.
The duration of the programme is 16 months + Master Thesis.

The need for such skills is growing rapidly as graduates are increasingly expected to assume broader tasks and responsibilities than most technical universities have traditionally prepared them for.

Career Opportunities

IMIM graduates will be well-suited for a range of managerial careers in areas such as production, logistics, marketing, purchasing and management control. Large consulting firms provide an alternative career path. In addition, the strongly research-based profile of the programme opens opportunities for further studies towards the PhD level.

The international education of IMIM students is a valuable asset to be spent in Global companies and makes it easier for students to find a job in one of the 25 EU Member Countries, or outside Europe in companies anyhow linked with Europe. However, for non-EU students some additional requirements may be needed and limitations to the possibility to work in Europe may exist, depending on the case. Additional information about employment in Europe for non-EU students can be found in the website of foreign affairs of each European country, and local embassies. IMIM graduates can take advantage of the career services offered by the three partner universities.

Detailed Course Facts

Application deadline Erasmus Mundus Applicants: January; Self-Funded Applicants: EU - June; Non-EU - May
Tuition fee
  • EUR 18500 per year (International

    Tuition fee for the international students.

  • EUR 16500 per year (EEA

    European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.

Start date
Credits (ECTS) 120 ECTS
Duration full-time 24 months
Partnership Joint
Delivery mode On Campus
Educational variant Full-time

Course Content

Students will spend each of the three semesters at one of the partner institutions: starting in Madrid, Spain, and subsequently continuing with the second semester in Milan, Italy and the last one in one of the three Partner universities.

A broad foundation, comprising introductions to organizational behavior, financial and managerial accounting, corporate finance and the function of capital markets, marketing strategy and economics, will be provided during the first semester.

Building on this, the second semester further develops students' proficiency in operations management, quality management and supply chain management approaches and techniques. Thus gradually strengthening the link between general managerial work and the challenges emerging in modern manufacturing and service operations.
Students will have, then, the possibility to choose among different optional streams of specialization in different Universities and countries.

According to the chosen area or region of interest, students will attend the 3rd semester in the University specialized in that particular field or situated in a specific geographical area.

The final semester is for Master thesis and can be performed virtually in any country of the world. In addition to the delivery of managerial content, the program facilitates and stimulates the participation to the social, economical, cultural life of the hosting Countries (e.g. with courses of local language, seminars of local managers, Company visits).

All teaching activities are in English. A significant amount of these take an interactive approach, through extensive use of group-based work, case studies and seminars in order to stimulate dialogue and learning from the diverse experiences of students and teachers.

First semester's Courses (UPM Spain)

  • Financial and Managerial Accounting (5 ECTS)
  • Capital Markets and Corporate Finance (5 ECTS)
  • Organization and Corporate Strategy in a Global Context (4,5 ECTS)
  • Industrial and International Marketing (4,5 ECTS)
  • SME Management (3 ECTS)
  • Applied Managerial Skills (3 ECTS)
  • ICT Management (3 ECTS)
  • Industrial Management in Local Context and Language (2 ECTS)

Second semester's Courses (POLIMI Italy)

  • Operations management and improvement in manufacturing and services (6 ECTS)
  • Integrated Operations and Supply Chain Planning (4 ECTS)
  • Quality and maintenance management (4 ECTS)
  • Service Management (5 ECTS)
  • Global Supply Chain Management (5 ECTS)
  • Sustainability and Ethics in business (4 ECTS)
  • Industrial Management in Local Context and Language (2 ECTS)
  • Third Semester's Courses (Choice of Mobility Tracks)

The courses of the third semester vary according to the stream of specialization chosen at one of our partner Institutions.

Main mobility track:

  • Strategic Management, HWU Business Models (7,5 ECTS)
  • Strategic Change (7,5 ECTS)
  • Strategic Project Management (7,5 ECTS)
  • Leadership (7,5 ECTS)

The Master Thesis is completely integrated in the educational programme as an opportunity for the student to apply what he/she has learned during the previous semesters, with a multi functional and integrative approach. It is a broad project that the IMIM consortium organises in collaboration with universities, industrial and service companies, and other organisations.

Types of MT

  • MT performed in academic institutions (universities members of the consortium or other European institutions; for students without the EM scholarship, third countries having agreements with IMIM consortium)
  • MT performed in companies
  • MT performed in other organizations (foundations, public administrations,....)
  • MT is defined by a clear set of objectives, by expected outcome and by main milestones.

An expert IMIM tutor supervises the student's activities mentoring and directing the development of the project. An academic tutor from one of the consortium universities is always responsible for the follow up of the MT. There can be other tutors who may act as external tutors The student conducts an autonomous work with defined responsibilities, toward the achievement of the stated objectives, considering a wide range of managerial aspects and adopting different tools. The Master Thesis is a wonderful opportunity to blend the knowledge of different subjects and take an integrated and practical view of the issues addressed during classes.

English Language Requirements


The minimum graduate admission requirements are:

  • Curriculum vitae
  • Bachelor degree or recognized equivalent from an accredited institution (minimum 3 years full time study) in a scientific or technical discipline
  • High proficiency in the English language (current*)

Cambridge certification: CAE (certificate of advanced English) with a minimum grade of B (with a minimum of C in each element). Other Cambridge certificates are accepted. IELTS: overall minimum score of 6.5 (with no individual subject lower than 6.0) Pearson PTE: overall minimum score of 62 (57 minimum in each of the four elements)
TOEFL iBT: overall minimum score of 89 (min. 21 listening , 22 speaking, 24 reading, 22 writing)
TOEFL paper-based: NOT accepted TOEFL ITP: NOT accepted TOEIC: NOT accepted
-> We usually do NOT accept University studies carried out in English as proof of language ability.
- > A list of English-speaking Countries are excluded from the requirements above. Please contact us for further information.
* PLEASE NOTE: in order to attend the 3rd semester at HWU, evidence of English must be valid for the third semester (entrance in the UK)

  • Recent GMAT or GRE scores, if high, are not compulsory, but considered as a merit in the selection process.
  • 2 letters of recommendation
  • Financial statement may be required

Work Experience

No work experience is required.

More Information


The programme is accredited by the Top Industrial Managers Europe (TIME) Association: a confederacy of leading technical universities in Europe.

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KTH Royal Institute of Technology, Sweden

Sweden Since its founding in 1827, KTH Royal Institute of Technology in Stockholm has grown to become one of Europeís leading technical and engineering universities, as well as a key centre of intellectual talent and innovation. We are Swedenís largest technical research and learning institution and home to students, researchers and faculty from around the world dedicated to advancing knowledge.

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