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M.Sc. On Campus

Industrial Asset Management University of Stavanger

Highlights
Tuition fee
85000 NOK / year
Free
Unknown
Tuition fee
85000 NOK / year
Free
Unknown
Duration
24 months
Duration
24 months
Apply date
Unknown
Apply date
Unknown
Start date
Unknown
Start date
Unknown
Campus location
Stavanger, Norway
Campus location
Stavanger, Norway
Taught in
English
Taught in
English

About

Industrial Asset Management brings a modern twist to engineering education. Through this Master's degree, you will acquire expertise in both technical engineering and management that is highly requested in various industrial sectors.

Overview

This programme levels up your engineering education with practical management knowledge about modern industrial assets. You will learn about relevant standards, regulations, best industrial practices and systems  (industrial equipment and infrastructure), digitalised and integrated operations, modern industrial maintenance, and enabling technologies of Industry 4.0. 

In this study you will gain the asset management mindset where you utilise data and consider risk and consequences, to estimate cost and benefits. This mindset will help you to take optimal decisions about operations and maintenance of facilities like offshore wind farms.  

You will mainly learn how to manage modern, digital, advanced, and complex industrial facilities/engineering systems in industrial and public organisations. Furthermore, you will gain skills to manage the life cycle phases of engineering assets such as design, construction, installation, operation, maintenance, and recycling in a sustainable manner.

The study programme has two specialisations:

  • Asset Engineering and Digitalisation Processes
  • Sustainable Assets and Smart Operations

Career: 

The programme qualifies the graduates for a broad range of positions in private industry and public organizations. Since the core of the master programme consists of commonly usable principles and methods, graduate students can qualify for many attractive job positions in both the land-based and offshore industries.  

Programme Structure

Courses include:

  • Condition Monitoring and Predictive Maintenance

  • Human-Technology-Organization in Complex industrial systems

  • Smart Operations and Model-based Maintenance Engineering

  • Industrial assets, Processes, and Performance

  • Reliability Analysis

  • Modelling and Simulation of Operations and Maintenance
  • Economics and Decision Analysis for Engineers
  • Probability and Statistics

  • Statistical Modeling and Simulation

  • Green Transition

  • Foundations of Risk Analysis and Risk Science
  • Technical Safety

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Language

English
TOEFL® IBT
OR
90
OR
4.5
PTE Academic
62
IELTS
6.5

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Credits

120 ECTS

Delivered

On Campus

Campus Location

  • Stavanger, Norway

What students do after studying

Join for free or log in to access our complete career info list.

Academic requirements

GPA admission requirements GPA
Upper Second Class
Upper Second Class (recommended)

Admission to this master's programme requires a minimum grade average comparable to a Norwegian C (according to ECTS Standards) in your bachelor's degree. Applicants with a result Second-class lower Division or lower are not qualified for admission.

English requirements

TOEFL® IBT
OR
90
OR
4.5
PTE Academic
62
IELTS
6.5

IELTS & PTE Test Preparation

E2 Language Test Prep
Trusted by 7M+ Students
Start Studying Today

Admission to your dream university starts with a high IELTS or PTE score. Earn your target score with E2's guided test preparation.

  • Study on your own schedule
  • Live classes with current and ex-examiners
  • Accurate score assesment, always
  • E2 Score Guarantee - Get your score or your money back!

Other requirements

General requirements

Specialization in Asset Engineering and Digitalisation Processes

A bachelor’s degree in any engineering discipline is required. Applicants must have the equivalent of 25 ECTS credits in mathematics, 5 ECTS credits in statistics and 7,5 ECTS credits in Physics.It may be an advantage if the applicant has taken subjects related to engineering, technical and operational aspects of engineering facilities/systems and processes in the bachelor's degree and/or has relevant technical and operational industrial experience related to engineering systems and processes.

Specialization in Sustainable Assets and Smart Operations

A bachelor's degree in a relevant field such as general engineering, projects and contracts, economics and business management, operations management, supply chain and logistics, construction and construction management, industrial production, industrial services, industrial technologies, and general management, as well as other social sciences and business-related disciplines. Applicants with other educational backgrounds will also be evaluated by the admissions committee.

Student Insurance via Studyportals Partner

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Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Stavanger and/or in Norway, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.
  • International

    Non-residents
    85000 NOK / year
    ≈ 85000 NOK / year
  • EU/EEA

    EU/EEA Nationals
    Free

Living costs

Stavanger

Norway
10497 - 15897 NOK / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

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Scholarships Information

Below you will find Master's scholarship opportunities for Industrial Asset Management.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

Independent provider
Grant
3500 USD
Deadline
15 Nov 2026
ACES Scholarships

Read more about eligibility

ACES Education Fund
Location not available
Independent provider
Grant
3000 EUR
Deadline
Anytime
Scholarship Scheme set up with the Norwegian University of Science and Technology (NTNU)

Read more about eligibility

The Anglo-Norse Society - scholarships & grants
Location not available
Independent provider
Grant
1000 USD
Deadline
30 Nov 2026
ServiceScape Scholarship

Read more about eligibility

ServiceScape
Location not available
Independent provider
Grant
40000 NOK
Deadline
01 Dec 2026
NORAM Scholarships

Read more about eligibility

The Norway-America Association
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus+ - Grants for study mobility
Merit-based

Read more about eligibility

OeAD, Austria's Agency for Education and Internationalisation
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Queen Elizabeth Commonwealth Scholarships

Read more about eligibility

ACU (The Association of Commonweath Universities)
Location not available
Independent provider
Grant
Various benefits
Deadline
15 Sep 2027
Global Access Scholarships

Read more about eligibility

Institute of Customer Management
Location not available
Independent provider
Grant
1000 USD
Deadline
06 Jan 2027
Jewish Heritage Scholarship
Merit-based

Read more about eligibility

Diamant Gerstein
Location not available
Independent provider
Grant
1000 USD
Deadline
01 Mar 2027
Voice Talent Online Scholarship

Read more about eligibility

Voice Talent Online
Location not available
Independent provider
Grant
5000 CAD
Deadline
31 Dec 2026
Pinsky Law New Venture Development Scholarship
Merit-based

Read more about eligibility

Pinsky Law
Location not available
Independent provider
Grant
1000 USD
Deadline
13 Jan 2027
Dream Chaser Scholarship
Merit-based

Read more about eligibility

Salvado Law
Location not available
Independent provider
Grant
3000 USD
Deadline
31 Dec 2026
Scholarship for students with disabilities
Need-based

Read more about eligibility

Anonymous Hope Fund
Location not available
Independent provider
Grant
1500 USD
Deadline
Not specified
The Annual IELTS from 6 to 9 Scholarship

Read more about eligibility

IELTS from 6 to 9
Location not available
Independent provider
Grant
12000 USD
Deadline
11 Jan 2027
Tobacco Harm Reduction Scholarship Programme

Read more about eligibility

The Tobacco Harm Reduction Scholarship Programme
Location not available
Independent provider
Grant
965 USD
Deadline
Anytime
Dr. Martin Blank – SYB Scholarship
Merit-based

Read more about eligibility

Shield Your Body
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus Mundus Joint Masters scholarships

Read more about eligibility

European Commission
Location not available

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