4.0 Read 43 reviews
Overview
The Strategy, Innovation and Management Control program from WU (Vienna University of Economics and Business) bridges the gap between the qualitative aspects of management (strategy and innovation) and the quantitative aspects (management control and financial management).
Key facts
Strategy implementation is emphasized heavily alongside strategy creation and conceptualization.
After acquiring an in-depth understanding of how companies develop business strategies and translate them into employee action, you will have the opportunity to apply your knowledge in real-life situations, either by choosing a business project in cooperation with one of our corporate partners or by taking a garage course and developing your own start-up idea.
The program’s flexible structure encourages you to broaden your horizons by going on an exchange semester or completing a double degree at one of our Partneruniversities abroad.
Career Prospects
SIMC graduates are in high demand on the international job market. A strong network of alumni and corporate partners also contributes to your excellent career prospects all over the world.
Accreditation
QS Masters in Management Ranking 2023: 10th
Programme Structure
Courses included:
- Strategic Management
- Entrepreneurship and Innovation Management
- Management Control
- Thesis Seminar: How to Write a Thesis
- Strategic Business Analytics
- Managerial Economics
- Professional Development Workshop
- Business Planning and Performance Management
- Digital Transformation
- Business Project
Key information
Duration
- Full-time
- 24 months
Start dates & application deadlines
- Starting
- Apply before
-
Language
English
TOEFL® IBT OR
100
OR 5
OTE 150
IELTS 7
IELTS & PTE Test Preparation
E2 Language Test Prep Trusted by 7M+ Students
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!
Credits
120 ECTS
Delivered
On Campus
Campus Location
- Vienna, Austria
Disciplines
Strategic Management View 7 other Masters in Strategic Management in AustriaWhat students do after studying
Join for free or log in to access our complete career info list.
Academic requirements
GMAT 600
English requirements
TOEFL® IBT OR
100
OR 5
OTE 150
IELTS 7
IELTS & PTE Test Preparation
E2 Language Test Prep Trusted by 7M+ Students
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
- 1.Relevant Bachelor's program
Completion of or enrollment in a relevant degree program at a recognized Austrian or foreign post-secondary institution. Prerequisites for the Master’s Program include:
The program must comprise at least 180 ECTS credits (corresponding to three academic years).
45 ECTS credits have to be earned by passing exams in the field of business administration/economics.
- 2. Sufficient proficiency in English
- 3.Proof of aptitude (Selection criteria)
In addition to the admission requirements, you also have to prove your aptitude for the master’s program.
Proof of achievement potential: Valid GMAT (Online) Exam result of at least 600 points / valid GMAT Focus Edition Exam result of at least 565 points. Please allow enough time for test registration and evaluation. The official confirmation of your result, which you must upload, takes up to twenty days.
Student Insurance via Studyportals Partner
Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.
Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.
Get your student insurance nowStarting from €0.53/day, free cancellation any time.
Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at WU (Vienna University of Economics and Business) and/or in Austria, 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 Applies to you
Applies to youNon-residents1452 EUR / year≈ 1452 EUR / year -
EU/EEA Applies to you
Applies to youEU/EEA Nationals726 EUR / year≈ 726 EUR / year
Additional Details
Tuition fees can be waived permanently or temporarily for certain groups of students under certain conditions: https://short.wu.ac.at/tuition_fees
Living costs
Vienna
Austria
861 - 1331 EUR / month
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
Need help with your student visa?
Get personalized guidance from a certified VFS Global advisor and save 20% through Studyportals.
- Avoid common visa mistakes and delays
- Know exactly what documents you need
- Get a clear checklist tailored to your situation
In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.
Loading
Scholarships Information
Below you will find Master's scholarship opportunities for Strategy, Innovation and Management Control.
Available Scholarships
You are eligible to apply for these scholarships but a selection process will still be applied by the provider.
Independent provider
Grant
Various benefits
Deadline
Anytime
Summer courses of Lectures for Institutes of Languages from the University
Merit-based
Read more about eligibility
Independent provider
Grant
1000 USD
Deadline
30 Nov 2026
ServiceScape Scholarship
Read more about eligibility
Independent provider
Grant
3500 USD
Deadline
15 Nov 2026
ACES Scholarships
Read more about eligibility
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus+ - Grants for study mobility
Merit-based
Read more about eligibility
Independent provider
Grant
Various benefits
Deadline
Not specified
Queen Elizabeth Commonwealth Scholarships
Read more about eligibility
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus+ - Grants for study mobility in Austria
Read more about eligibility
Independent provider
Grant
1000 USD
Deadline
01 Mar 2027
Voice Talent Online Scholarship
Read more about eligibility
Independent provider
Grant
1000 USD
Deadline
06 Jan 2027
Jewish Heritage Scholarship
Merit-based
Read more about eligibility
Independent provider
Grant
5000 CAD
Deadline
31 Dec 2026
Pinsky Law New Venture Development Scholarship
Merit-based
Read more about eligibility
Independent provider
Grant
1000 USD
Deadline
13 Jan 2027
Dream Chaser Scholarship
Merit-based
Read more about eligibility
Independent provider
Grant
1300 EUR
Deadline
01 Mar 2027
Ernst Mach Grant - ASEA-UNINET
Merit-based
Read more about eligibility
Independent provider
Grant
3000 USD
Deadline
31 Dec 2026
Scholarship for students with disabilities
Need-based
Read more about eligibility
Independent provider
Grant
1500 USD
Deadline
Not specified
The Annual IELTS from 6 to 9 Scholarship
Read more about eligibility
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus Mundus Joint Masters scholarships
Read more about eligibility
Independent provider
Grant
965 USD
Deadline
Anytime
Dr. Martin Blank – SYB Scholarship
Merit-based
Read more about eligibility
Independent provider
Grant
12000 USD
Deadline
11 Jan 2027
Tobacco Harm Reduction Scholarship Programme
Read more about eligibility
Improve page content