Entrepreneurship and Innovation Management, M.Sc.

Entrepreneurship and Innovation Management, M.Sc.

  • Application Deadline
  • 24 months
University rank #137 (QS) ,
The Master’s Programme in Entrepreneurship and Innovation Management (EIM) gives you leading-edge insight and a unique challenge-based learning experience in the most vibrant student-led entrepreneurship community in Europe. The programme is offered at Aalto University.


Entrepreneurship and innovation are important engines of growth for our societies. They play a key role in generating economic, social and ecological value. Studying in our EIM programme will give you the mindset and skills needed to generate new (business) ideas and turn them into actions that can make a difference to your life and the lives of others.

What’s our programme about?

A challenge-based learning experience in the biggest student entrepreneurship community in Europe

When you join our Entrepreneurship and Innovation Management (EIM) programme, you will:

  • have the flexibility to build your own (theory and/or practice-orientated) course portfolio so that your online and in-classroom studies are designed in the most beneficial way for you
  • work extensively on real-life business ideas and create new product & service innovations with real customers, financiers and other stakeholders
  • team up with fellow students and mentors from business, but also from design, science and engineering backgrounds
  • participate in a range of excellent entrepreneurship initiatives, including the student-led Aalto Entrepreneurship Society and the university-led Aalto Ventures Program.
  • discover many opportunities to engage in already successful Aalto-born start-up incubators and events, such as Start-up Sauna and Slush.
What are your key learning outcomes?

Upon completing the programme, you will:

  • have the confidence and skills to create, test and pitch new business ideas
  • know how to develop a successful business, identify a winning venture team and design a distinctive competitive advantage
  • have the knowledge to critically evaluate the social and ecological sustainability of new businesses and innovations
  • be familiar with theory and knowledge in a way that means that you can apply them to real-world challenges in business and innovation management
  • develop experience in managing complex projects and working in teams with colleagues from different backgrounds.
What are your career prospects?

As a graduate from our programme, you will have a range of diverse career prospects. For instance, you could:

  • start your own venture (as many of our students do)
  • develop new products, services and concepts within an established firm
  • act as a consultant for a diverse range of organisations on how to improve their innovativeness and how to commercialise new products and services
  • lead complex projects that demand an entrepreneurial mindset
  • take on an entrepreneurship/innovation specialist role in the public sector at  regional, national or supra-national (EU, OECD) levels
The Entrepreneurship and Innovation Management  programme is offered at Aalto University.

Programme Structure

Courses Included:
  • Entrepreneurship and Society
  • Researching Entrepreneurship and Innovation 2
  • Market Entry strategies for Entrepreneurial Business
  • Capstone: Business Development Project (Entrepreneurship)
  • Doing Qualitative Research
  • Doing Quantitative Research
  • Master’s Thesis
  • Master’s Thesis Seminar
              For more information, please visit programme website.

                                                                          Detailed Programme Facts

                                                                          • Programme intensity Full-time
                                                                            • Full-time duration 24 months
                                                                          • Credits
                                                                            120 ECTS
                                                                          • Languages
                                                                            • English
                                                                          • Delivery mode
                                                                            On Campus

                                                                          English Language Requirements

                                                                          You only need to take one of these language tests:

                                                                          • Minimum required score:


                                                                            The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

                                                                            Schedule TOEFL®
                                                                          • Minimum required score:


                                                                            The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

                                                                            Schedule TOEFL®
                                                                          • Minimum required score:


                                                                            The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

                                                                            Schedule IELTS
                                                                          • Minimum required score (Grade C):


                                                                            C1 Advanced is a Cambridge English Qualification. It reports on the Cambridge English Scale between 142 and 210. You will receive a separate score for each of the four skills (reading, writing, listening and speaking) and for Use of English. These five scores are averaged to give you an overall result for the exam. Universities and colleges may ask you to achieve a specific score, either overall or for a particular skill.

                                                                            Note: degree programmes and applications may require a more specific minimum score for admission.

                                                                          Academic Requirements

                                                                          • You need the following GMAT score:

                                                                            Required score: 550

                                                                            The GMAT - or Graduate Management Admission Test - is a frequent requirement for admission at management and business schools across the world. The GMAT score ranges between 200 and 800 and measures the verbal and quantitative reasoning of test-takers. Read more about the GMAT.

                                                                          • An appropriate Bachelor´s degree or an equivalent qualification.
                                                                          • A printed and signed cover letter from the online application system. 
                                                                          • An officially attested copy ofan official Bachelor's degree certificate/diploma
                                                                          • An official transcript of records
                                                                          • An authorised translation of the degree certificate/diploma and an authorised translation of the official transcript of records
                                                                          • Language certificate
                                                                          • Portfolio
                                                                          • A CV

                                                                          Tuition Fee

                                                                          • International Applies to you

                                                                            15000 EUR/year
                                                                            Tuition Fee
                                                                            Based on the original amount of 15000 EUR per year and a duration of 24 months.
                                                                          • EU/EEA Applies to you

                                                                            Tuition Fee
                                                                            Based on the original amount of 0 EUR per year and a duration of 24 months.
                                                                          We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

                                                                          Living costs for Helsinki

                                                                          • 975 - 1590 EUR/month
                                                                            Living Costs

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


                                                                          StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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                                                                          Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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