Global Management

 
Programme description

The Global Management is a unique MSc programme, consisting of studies in Global Management and a focus track in one of the following specialization areas: Accounting, Entrepreneurship and Innovation Management, Finance, Management and International Business, Marketing, or Strategy. Additionally, the curriculum of the Global Management programme benefits from the uniqueness of Aalto University, a place where Science and Art meet Technology and Business, and offers the students the opportunity to acquire two highly prestigious qualifications: a MSc in Economics and Business Administration granted by Aalto University School of Business and the CEMS Master’s in International Management (MIM) granted by CEMS, the Global Alliance in Management Education.

The Global Management MSc programme has a fixed, carefully designed curriculum, and it calls for ambitious and hard-working students interested in growing professionally as well as personally to assume ethical and responsible leadership roles in the future. The normative duration of the Master's degree (120 ECTS) is two years of full-time studying. During their first MSc year the students complete the specialization area studies including their master’s thesis. The second academic year incorporates the completion of most of the global CEMS MIM programme requirements. An exchange in another CEMS school during the second MSc year is a mandatory part of the Global Management programme (either fall or spring term).

During the programme, students are exposed to interdisciplinary problems in an international context and are encouraged to adopt an analytical and critical attitude in lectures, discussions and project work. The programme combines academic theory with business practice.

CEMS is a global alliance of leading business schools, multinational companies and NGOs which together offer the top-ranked, international and practice-oriented CEMS Master’s in International Management (MIM). Most of the CEMS MIM Programme elements are incorporated in the Global Management MSc degree. However, in order to obtain the CEMS MIM diploma in addition to the MSc in Economics and Business Administration, the student has to complete the international internship and CEMS MIM language requirements in addition to the 120 ECTS.

Please see http://www.cems.org/ for more information of the global alliance and the CEMS MIM Programme.

Learning outcomes

Global Management programme grows confident, agile, and reflective decision-makers and problem-solvers that will be able to formulate and apply innovative solutions to complex business challenges. The graduates will also be fully aware of their personal responsibility and accountability and of the ethical and cultural frameworks in which leadership is exerted. In addition, they will possess deeper knowledge in their chosen specialization area.

Upon completion of the Global Management programme the students will be able to:

  • execute effective business decision-making and change management in diverse contexts
  • apply advanced management and leadership competencies developed through systematic experience of and engagement with the corporate world
  • champion a holistic vision of responsible business decision-making, leadership and citizenship, informed by ethical reasoning, personal integrity, and respect for social diversity
  • apply deeper knowledge in the chosen specialization area.

Career prospects

The career opportunities of the Global Management graduates are wide-ranging and versatile. The programme allows students to specialize in more management and consulting oriented or more quantitative and analytically oriented areas of studies, and combine studies from different study fields.

Furthermore, the graduates of the CEMS MIM programme have exceptionally good career perspectives. Over 90 % of all CEMS students are employed in less than 3 months from their graduation. Almost half of them work outside of their home country and approximately 40 % now work for a CEMS Corporate Partner. The most popular sectors include Management/Consulting, Consumer Goods and Banking.

See the descriptions of the specialization areas to find out more about the career prospects specific to the different fields: Accounting, Entrepreneurship, Finance, International Business, Marketing and Strategy.

In addition to the knowledge and the wide set of skills acquired, the students build a lifelong network of contacts with their fellow students at Aalto BIZ and during their CEMS exchange, which helps them to develop successful careers.

Programme director
Professor of Practice, Rita Järventie-Thesleff

Programme committee
Professors, company representatives and student representatives.

Additional Information
http://www.cems.org/mim/curriculum

Degree requirements 120 cr

1. Programme studies 84 cr

Mandatory for all students:

42E01000 CEMS Leadership and Self-development 3 cr I
42E00101 CEMS Global Strategy 1 6 cr II
42E00301 CEMS Global Management Practice 1 6 cr IV
42E00500 CEMS Business Communication Skills seminar 1 1 cr I
42E00700 CEMS Responsible Global Leadership seminar 1 1 cr III
42E00400 CEMS Block Seminar 1 3 cr August
42E00701 CEMS Skills Seminars 1 1 cr variable
42E00601 Capstone: CEMS Business Project 1 15 cr III-V

1 completed at Aalto or another CEMS school

Mandatory for all students:

xxE99905 2 
Master’s Thesis Seminar 6 cr                 
xxE99910 2
Master’s Thesis 30 cr
xxE99903 2 Maturity Test 0 cr

course codes and timing of thesis seminar depend on the supervising focus area

Complete 12 ECTS from the following (CEMS) elective courses 3:

21E00029 Managing Mergers and Acquisitions 6 cr V
21E00031 Innovation, Strategic Resilience and Renewal 6 cr
21E00052 Data-Driven Business 6 cr III
21E00300 Strategy work 6 cr II
21E10000 How to change the world: Innovating toward sustainability 6 cr III
21E16000 Sustainable Business and Consumption 6 cr I
22E00400 International Accounting 6 cr
22E00500 Corporate Governance 6 cr V
22E10000 Strategic Management Accounting 6 cr II
22E12000 Capital Budgeting 6 cr IV
22E13000 Accounting as Social and Institutional Practice (CEMS) 6 cr I
23E21050 Marketing, Strategy and Firm Performance 6 cr
23E21555 Strategy and Marketing from a Business History Perspective  6 cr I
23E28000 Consumer Culture 6 cr II
23E47000 Digital Marketing 6 cr
23E48000 Consumer Psychology 6 cr
25E18000 Sustainable Entrepreneurship 6 cr IV
25E44000 Venture Formation 6 cr II
25E50000 Venture Ideation 6 cr I
25E55000 Entrepreneurship and Society 6 cr II, IV
26E00051 Strategic Human Resource Management 6 cr II
26E00250 Doing Business in China 6 cr I
26E00800 Global Marketing Management 6 cr III
26E02500 Doing Business in Russia 6 cr II
26E03100 Driving Global Businesses 6 cr I
26E03201 Perspectives on the Multinational Corporation 6 cr III
26E03301 Institutions, Partnerships and Responsible Business 6 cr V
28E00400 Marketing Financial Services 6 cr I
28E34600 Portfolio Management 6 cr I
28E35100 Corporate Financial Management 6 cr I
28E35300 Mergers and Acquisitions 6 cr II
31E11100 Microeconomics: Pricing 6 cr
35E00400 Coordination of Supply Chains 6 cr
35E08000 Service Business Models 6 cr
37E00100 Information Economy 6 cr
37E00300 ICT enabled business process development 6 cr I
37E00550 Business Intelligence 6 cr
42E00800 Meet the stage: Public speaking and interaction skills 6 cr I
71E00200 Communication in Strategy Work 6 cr II
75E00100 Managing Corporate Communication 6 cr I
75E12000 Corporate Communication Practices 3 cr II
Language course (CEMS open elective) 1 6 cr variable
42E00501 CEMS Research paper  1 6 cr I-V
42E09900 CEMS Studies at another University 1 1-12 cr I-V

3 courses must be CEMS accredited at the time of completion. Other timing restrictions may apply.

2. Specialization area studies 24 cr

Specialization areas are relevant business school disciplines at Aalto University. The student’s Master’s thesis is written in and supervised by the department of their specialization area.

Below are the requirements for each specialization area A-F.

A. Accounting

Accounting provides students with in-depth expertise in issues concerning the production and use of financial information of business firms and other organizations.


Mandatory for all students:

22E00100

Financial Statement Analysis 6 cr I

22E20700

Research Methods in Accounting 6 cr I

22E10000

Strategic Management Accounting (CEMS) 6 cr II


Choose 1 course from the following:

22E12000

Capital Budgeting (CEMS) 6 cr IV

22E13000

Accounting as Social and Institutional Practice (CEMS) 6 cr I

22E25000

Accounting for Management Control 6 cr I

22E00500

Corporate Governance (CEMS) 6 cr V

B. Entrepreneurship and Innovation Management

Entrepreneurship and Innovation Management is about creating new ideas and implementing them in a way that generates economic and/or social value.


Mandatory for all students:

25E50000 Venture Ideation (CEMS) 6 cr I
25E55000 Entrepreneurship and Society (CEMS) 6 cr II
25E53000 Researching Entrepreneurship and Innovation 6 cr II


Choose 1 course from the following:

25E18000 Sustainable Entrepreneurship (CEMS) 6 cr IV
25E44000 Venture formation (CEMS) 6 cr II
25E54000 Entrepreneurship and managing innovations 6 cr II
21E10000 How to change the world: Innovating toward sustainability (CEMS) 6 cr III
21E00031 Innovation, strategic resilience and renewal (CEMS) 6 cr
21E00032 Innovation processes in transition 6 cr
21E00029 Managing Mergers and Acquisitions (CEMS) 6 cr V

C. Finance

The Finance specialization area prepares students for jobs in the world’s most selective companies in the fields of international banking, management consultancy, and related areas. Students develop a solid scientific approach to financial problems. 


Mandatory for all students:

28E35100 Corporate Financial Management (CEMS) 6 cr I
28E35200 Applied Econometrics 6 cr II


Choose 2 courses from the following:

28E00400 Marketing Financial Services (CEMS) 6 cr I
28E34600 Portfolio Management (CEMS) 6 cr I
28E29000 Advanced Corporate Finance 6 cr I
28E33000 Mergers and Acquisitions (CEMS) 6 cr II

D. Management and International Business

The specialization area of Management and International Business educates open-minded and competent professionals with analytical, conceptual, communicational and cultural sensitivity skills needed to succeed in the international arena.


Mandatory for all students:

26E00011

26E02900

Doing Qualitative Research; or

Doing Quantitative Research

6 cr Both in I


Choose 3 courses from the following (at least one of which must be a CEMS course):

26E03100

Driving Global Businesses (CEMS)

6 cr

I

26E00250

Doing Business in China (CEMS)

6 cr

I

26E05000

Game Industry: Born Global, Innovative and Digital

6 cr

II

26E02500

Doing Business in Russia (CEMS)

6 cr

II

26E03301

Institutions, Partnerships and Responsible Business (CEMS)

6 cr

V

21E16000

Sustainable business and consumption (CEMS)

6 cr

I

21E00051

Strategic Human Resource Management (CEMS)

6 cr

II

E. Marketing

Marketing is a way of thinking and mode of practice quintessential to all dimensions of business. In this specialization area, you will attain an in-depth understanding of this philosophy and a solid foundation of the skills and know-how required of a top marketing specialist.


Mandatory for all students:

23E80101

23E80102

Qualitative Research Methods; or

Quantitative Research Methods

6 cr

I

II


Choose 3 courses from the following, at least one must be CEMS elective:

23E28000 Consumer Culture (CEMS) 6 cr II
23E25050 Strategic retail marketing (self study) 6 cr I
23E47000 Digital Marketing (CEMS) 6 cr I
23E21555 Strategy and Marketing from a Business History Perspective 6 cr I
23E58050 Consumer Behavior, Retail Experience and Fashion 6 cr II


F. Strategy

This specialization area develops the skills to diagnose business problems and to conceive and implement new strategic initiatives in business contexts ranging from multinational corporations to start-ups.


Mandatory for all students:

21E00011

26E02900

Doing Qualitative Research; or

Doing Quantitative Research

6 cr Both in I

TU-E1010

Advanced Strategic Management

5 cr

21E00903

Strategic Management Theories

1 cr II

21E00034

Strategy Process

6 cr II

21E00030

Strategy Work (CEMS)

6 cr II

 

3. Additional programme studies 12 cr

CEMS elective courses at Aalto or another CEMS school. Certain timing restrictions may apply.   

TIMING OF THE STUDIES

The normative duration of the Master's degree (120 ECTS) is two years of full-time studying.
In the Global Management MSc programme, the student complete their specialization area studies in the first year, together with the Global Management intro course, 'Leadership and Self-Development'. The second year incorporates the rest of the CEMS Master’s in International Management (MIM) requirements and includes a mandatory exchange semester (either fall or spring term).

Below you will find an example of the study plan. Example 1 is for students who go on exchange during the fall term, Example 2 is for the spring exchange option. Details will vary depending on the student’s focus area.

Example 1.

1st year
(63 ECTS)

Fall semester

CEMS Leadership and Self-development, 3 ECTS

Courses required by specialization area, 24 ECTS

Spring semester

Master’s thesis seminar, 6 ECTS

Master’s thesis, 30 ECTS (to be completed by the end of June of the first year)

2nd year
(57 ECTS)

Fall semester (at exchange school)

CEMS Block Seminar 3 ECTS

CEMS Business Communication skills seminar  1 ECTS

CEMS courses including the CEMS exclusive Global Strategy course 24 ECTS

Spring semester (at Aalto)

Capstone: CEMS Business Project 15 ECTS

CEMS Global Management Practice course 6 ECTS

CEMS elective course 6 ECTS

CEMS Responsible Global Leadership seminar 1 ECTS

CEMS Skills seminars 1 ECTS

Example 2.

1st year
(63 ECTS)

Fall semester

CEMS Leadership and Self-development, 3 ECTS

Courses required by specialization area, 24 ECTS

Spring semester

Master’s thesis seminar, 6 ECTS

Master’s thesis, 30 ECTS (to be completed by the end of June of the first year)

2nd year
(57 ECTS)

Fall semester (at Aalto)

CEMS Block Seminar 3 ECTS

CEMS Business Communication skills seminar 1 ECTS

CEMS Global Strategy course 6 ECTS

CEMS elective courses   (3 x 6 ECTS) 18 ECTS

Spring semester (at exchange school)

CEMS Business Project 15 ECTS

CEMS courses including the CEMS exclusive Global

Management Practice courses 12 ECTS

CEMS Responsible Global Leadership seminar 1 ECTS

CEMS Skills seminars 1 ECTS

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