M.Sc. International Business

University of Vaasa

Application deadline: February 27
Tuition fee:
  • Free (EEA)
  • Free (Non-EEA)
Start date: August  2015
Credits (ECTS): 120 ECTS
Duration full-time: 24 months
Languages:
  • English
Location:
Delivery mode: On Campus
Educational variant: Full-time
More information: Go to university website

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Description

The Master's Degree Programme in International Business is a two-year, full-time programme focusing on the identification and management of challenges arising from planning, controlling and coordinating business activities on an international scale. Based both on the required competence of international managers today as well as core areas of research within the University of Vaasa, the teaching on the programme centres around current theory and practice in three key aspects of international business - international strategic management, international marketing management, and international human resource management. The international EPAS accreditation is a mark of the quality of the business teaching in the University of Vaasa.

Besides these three key areas, the MIB programme offers students a range of country-focused studies which prepare students to do business in key emerging markets. Teaching on the programme is supported by high-quality, and internationally recognised research groups that have been rewarded several times for their contributions to the international academic community.

The programme is looking for students who have a good academic record from their previous studies in a relevant subject (business studies/economics), have a genuine interest in international aspects of business and management, have worked or intend to work in an international organisation, and who are committed to studying an intensive two-year programme which leads to a Master of Science in Economics and Business Administration degree. The intake of the Master's Degree Programme in International Business is 25 students, and the application period is January - February annually.

There are no entrance examinations for international Master's programmes at the University of Vaasa. Admission decisions are made on the basis of the required documents, evaluating each complete application individually and selecting those with the best qualifications. Master's degree students have no tuition fees. They are only required to pay the Student Union membership fee of approximately 128 euro per academic year.

Contents

MIB focuses on the identification and management of challenges arising from planning, controlling and coordinating business operations on an international scale.

Based both on the required competencies of international managers as well as core areas of research within the University of Vaasa, the teaching on MIB centres around current theory and practice in three key areas of international business - international strategic management, international marketing management and international human resource management.

The study programme comprises 120 ECTS and leads to a Master of Science in Economics and Business Administration degree. The programme can be completed in two years.

Structure of the Programme

  • Initial studies (10 ECTS)
  • Compulsory core studies (35 ECTS)
  • Optional studiel (20-30 ECTS)
  • Language studies (10 ECTS)
  • General Studies (5 ECTS)
  • Master's research (30 ECTS)

Requirements

Students are eligible for admission to the two-year Master’s Degree Programme in International Business (MIB programme) if they have completed a Bachelor’s degree in an appropriate field. The MIB programme is open both for international and Finnish applicants.

Approximately 25 students are accepted to the programme each year. Application deadline is 27 February.

Evaluation of the applications
Eligibility

To be considered for admission to the programme, the applicant must fulfil the following criteria:

1. Scope of the degree

  • A 3- or 4-year Bachelor degree at university or polytechnic level

2. Prior studies at Bachelor level or higher in the core areas of the programme

  • For the MIB programme these areas are: international business, marketing, and management and organisation

3. Applicant’s performance (i.e. GPA) in previous studies, including the thesis or ‘final report’ (i.e. the final assignment students must complete in circumstances where a thesis is not used)

  • The overall grade (GPA) and the grade of the thesis for a Bachelor’s degree from a university should be at least ‘good’ 3/5 (ECTS grading), or equivalent in the systems not using the ECTS.
  • The overall grade (GPA) and the grade of the thesis or ‘final report’ for a Bachelor’s degree from a polytechnic or university of applied sciences should be at least ‘very good’ 4/5 (ECTS grading).

4. English language proficiency, which can be proved in one of the below listed ways. University of Vaasa does not apply a strict time limit to how recently the necessary verification for English language skills has been acquired. However, if the language skills verification is several years old it may have a negative effect on the admission decision.

  • TOEFL test results with minimum score of 580 in paper-based test or 92 in iBT (University Admissions Finland’s TOEFL institution code is 3138)
  • IELTS test results (academic band) with minimum overall band score of 6.5 (each section minimum 5.5)
  • PTE Academic (Pearson Test of English, Academic band) results with minimum overall score of 62
  • National Certificate of English Language Proficiency (arranged by Finnish National Board of Education before 2012) with minimum overall language proficiency level 5
  • CPE test (Certificate of Proficiency in English) with pass grade A, B or C – ID number and secret code need to be provided on the copy of the certificate
  • CAE test (Certificate in Advanced English) with pass grade A, B or C – ID number and secret code need to be provided on the copy of the certificate
  • Certificate of secondary education completed in English language in an EU / EEA country, United States, Canada, Australia or New Zealand
  • Certificate of English as the A1 language as part of an International Baccalaureate examination (minimum grade 2)
  • Certificate of English as the A2 language as part of an International Baccalaureate examination (minimum grade 5)
  • Certificate of English as the A language (literature/language and literature/language and performance) as part of an International Baccalaureate examination (minimum grade 2)
  • Certificate of English as the A language with a minimum grade of Magna Cum Laude Approbatur as part of a Finnish Matriculation examination
  • Certificate of English as the LI language as a part of European Baccalaureate examination (minimum grade 4)
  • Certificate of English as the LII language as a part of a European Baccalaureate examination (minimum grade 7)
  • Bachelor's or Master's degree conducted in English language in an EU / EEA country, United States, Canada, Australia or New Zealand
  • Doctoral degree conducted in English language in an EU/EEA country, United States, Canada, Australia or New Zealand
  • Bachelor's or Master's degree with English (language/literature/philology) as the major subject
  • English language studies included in a Bachelor’s or Master’s degree conducted in Finland
  • Studies as exchange student at the University of Vaasa
Selection

Applications that satisfy the above eligibility criteria will be put through a subsequent evaluation process that will determine which applicants are selected for admission to the programme. The criteria used in the selection process are listed below in order of importance:

  1. Applicant's overall performance in relevant prior studies (GPA) and specifically the thesis or 'final report'
  2. Applicant's motivation (see instructions for the Letter of Motivation below)
  3. Applicant's language proficiency
  4. Applicant's amount of international experience (work and/or study)
  5. Applicant's amount of work experience in areas relevant to the MIB programme

The selection process uses an objective system of points for the evaluation of candidates (in total 50 points). The weight of each of the criteria is the following:

  1. Applicant's overall performance in relevant prior studies (GPA) and specifically the thesis or 'final report' (20 points)
  2. Applicant's language proficiency (5 points)
  3. Applicant's amount of international experience (work and/or study) (5 points)
  4. Applicant's amount of work experience in areas relevant to the programme (5 points)
  5. Applicant's motivation (15 points)
Application

All applicants (both Finnish and international) must apply for admission to the programme by filling in the electronic application form available online. After filling in and submitting the electronic form, applicants must print out the application form generated by the system, sign the form, and make sure that the certified copies of the required application documents are delivered to University Admissions Finland.

Before submitting your documents please consult the country-specific requirements that may concern you. Please note that they apply to the country where the degree has been obtained.

To be enclosed in the application:

  • Application form (generated by the electronic system)
  • Passport photo
  • Degree certificate(s)/certificate(s) of previous studies
  • Transcript of university records: The transcript should clearly state the courses you have taken and the grades you have achieved. Please also attach an explanation of the grading system used if it is not clearly stated in the transcript.
  • CV: Please use the Europass CV form
  • Photocopy of passport's information page / official ID
  • Certificate of language proficiency
  • Letter of Motivation. The letter of Motivation is used to assess the applicant's enthusiasm and commitment to studying International Business at the University of Vaasa. The letter should be a maximum of two pages and should, at the very least, provide clear and compelling answers to the following questions:
    I) Why am I applying for admission to this programme (MIB) at the University of Vaasa?
    II) What especially interests me in the programme?
    III)How do my previous study and/or work experiences support my application, i.e. why should I be admitted?
    IV)What issue in International Business do I find relevant and interesting that would make an interesting topic for research?

The applicant may also enclose other certificates and documents supporting the application (e.g. work certificates, certificates of other university level studies, and letters of recommendation) with the application. The documents must be submitted in Finnish, Swedish or English. In case of successful admission, the original documents must be presented upon registration at the University.

The application and the required documents must be submitted according to the instructions. The printed application and the required documents should submitted to University Admissions Finland by 27 February 2015 at 16:00 (GMT+2) at the lastest. Late or incomplete applications will not be processed.

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 : 580
TOEFL iBT® test: 92

Funding

Financial Support

The University of Vaasa does not offer scholarships for international students. Degree students are eligible for a Finnish state scholarship and a state-guaranteed bank loan only if they have lived in Finland for at least two years in some capacity other than that of a student and if their residence in Finland can be considered to be of a permanent nature. Those who have sufficient other income or who progress poorly in their studies are not eligible for support. As a rule, foreigners who have lived in Finland for less than two years are not eligible for financial support unless specific reasons make their residence in Finland permanent. More information may be obtained from the Academic Affairs Office at the University or at Kela office.

Some scholarship schemes for international students are offered by CIMO (Centre for International Mobility).

Please note that the University of Vaasa does not have scholarship programmes and cannot offer any financial aid for international students. The programmes are also full-time programmes and thus working is not an option when it comes to financing the studies in Finland.

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Accreditation

EPAS accreditation

The EPAS evaluation process considers programme delivery and design, programme outcomes, and quality assurance. The quality of education, international aspects and corporate interaction are also emphasised in the evaluation process.

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