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Master's Programme in Business Development and Internationalisation

The Master's Programme in Business Development and Internationalisation is designed to prepare students to develop capabilities and skills to act on business and societal opportunities, needs, and challenges, and develop successful businesses and innovations in a global and changing business environment. The programme provides deepened theoretical and practical knowledge about strategy, innovation, entrepreneurship, networking, and business growth and systematically incorporates sustainability and internationalisation aspects.

Programme Details

• Type: Programme, second cycle
• Length: 2 years (full time)
• Study location: Umeå
• Type of studies: On campus
• Credits: 120 credits

About the Programme

The programme is designed to prepare students to develop capabilities and skills to act on business and societal opportunities, needs, and challenges, and develop successful businesses and innovations in a global and changing business environment. The programme provides deepened theoretical and practical knowledge about strategy, innovation, entrepreneurship, networking, and business growth and systematically incorporates sustainability and internationalisation aspects.

While Studying

During the first year, the focus is on developing knowledge about strategy, entrepreneurship, networking, and international growth in established and new businesses. Students will work strategically with businesses, which requires them to act based on their assembled knowledge and take part in developing a business idea, for example, by developing a business plan for a start-up or a new venture within an established organization.

Co-operation with the Business Community

Besides several guest lectures and experts participating in business panels, firms participate to a large extent during the fourth module on the first semester. In this module, students work with “live-cases” – real business development challenges that participating firms have. Students will carry out a longer project and present the solution via a professional presentation. Firms also participate in several other courses provided during the second and third semesters.

Research

At the entrepreneurship section, research is conducted on entrepreneurship and innovation with various focuses such as cooperation and competition, environmental sustainability, social innovation and ecopreneurship, and configuration of (support) systems for new venture creation and corporate innovation. With this research, the university contributes to contemporary questions of how entrepreneurs and firms work with each other and actors from other sectors to create innovation, and how these efforts are increasingly related to sustainability.

Courses

• Semester 1: Strategic Business Development, 30 credits
• Semester 2:
  • Alternative A: Elective courses, 30 credits
  • Alternative B: Elective courses, 15 credits, and Business Administration, Master's Thesis I (one-year), 15 credits
• Semester 3:
  • Current Trends and a Minor in Accounting, 30 credits
  • Current Trends and a Minor in Finance, 30 credits
  • Current Trends and a Minor in Marketing, 30 credits
  • Current Trends and a Minor in Management, 30 credits
• Semester 4:
  • Alternative A: Business Administration, Master's Thesis III (second-year), 30 credits
  • Alternative B: Elective course, 15 credits, and Business Administration, Master's Thesis II (second-year), 15 credits

Recommended Tracks

Students have great freedom of choice in creating their own education, but three tracks are recommended for the compulsory courses in combination with the elective courses during the second and third semesters:

• Corporate Entrepreneurship and Innovation track
• Entrepreneurship and Finance track
• Innovation and Market Analysis track

Programme Coordinator

The programme coordinator is Jessica Eriksson.

Applies to all 120 credit Master's Programmes in Business Administration Subjects

The university integrates competencies in its programmes, focusing on competencies needed for future professional life. Students have the opportunity to do an internship for ten weeks in Sweden or abroad, which gives them a good opportunity to put theoretical knowledge and experience into practice and show off their skills to potential employers.

Studies Abroad

Studying abroad is not only fun and challenging for students but also a welcomed experience with future employers. Internationalization is an important area, and the university is working continuously to offer students many opportunities for an adventure in Europe or further away on another continent.

Sustainability Perspective

Sustainability gets a whole lot bigger attention in today's firms and organizations, and the university lifted these questions up early in its educational programmes. Together with students, the university is working for a more sustainable business school and to revise the courses to improve the education about, and for, sustainable development at the program.

Academic Quality, International Recognition, and Education with Purpose

At Umeå School of Business, Economics and Statistics, master’s studies are part of something larger – a commitment to academic excellence, societal relevance, and sustainable development. The quality assurance system, grounded in both Swedish national standards and leading international frameworks, ensures continuous improvement of the programmes.

Corporate Connections

The business school collaborates in many different ways with companies and organizations, such as internships, guest lectures, company visits, and essay assignments and cases from companies.

Continued Studies

Students are eligible for doctoral studies after the two-year programme with a Degree of Master of Science (120 credits). They are also eligible for doctoral studies if they choose to end the programme already after one year with a Degree of Master of Science (60 credits).

Future and Career Opportunities

Graduates from this programme are equipped to pursue careers in managing business development, leading innovation and/or strategic change processes, within established organizations as well as start-ups. The international character of the programme supports career abroad. The programme gives students eligibility to apply for doctoral positions.

Eligibility

• A bachelor's degree of at least 180 ECTS, or a corresponding qualification from an internationally recognized university, of which 60 ECTS in Business Administration.
• Proficiency in English equivalent to Swedish upper secondary course English 6/B is required.

Selection

Selection is based on GMAT and academic credits in this order. The selection of applicants is done in the following order:

1. Test results from GMAT (Graduate Management Admissions Test).
2. Academic credits by the last application date (in the range of 30-285 credits equivalent to ECTS).

Degree

After completing the study programme, a student who has applied for a degree certificate can obtain a Degree of Master of Science (60 credits) or a Degree of Master of Science (120 credits) according to the local qualification descriptor established by the Vice-Chancellor.

Application and Tuition Fees

As a citizen of a country outside the European Union (EU), the European Economic Area (EEA), or Switzerland, students are required to pay application and tuition fees for studies at Umeå University.

• Application fee: SEK 900
• Tuition fee, first instalment: SEK 48,300
• Total fee: SEK 193,200

Programme is Given By

Umeå School of Business, Economics and Statistics (USBE)