Euroin International Business and Risk Engineering

The Master's programme in International Business and Risk Engineering at Steinbeis University Berlin is designed for graduates and young professionals who wish to develop their knowledge, skills, and competences in the following areas: international business, advanced modern technologies with a perspective on product life cycle, environmentally sound technologies, formulation and implementation of strategies of risk management, and skills for understanding these approaches in the broader international and intercultural context of engineering science to cope with complexity of globalisation and smart technologies.

This inter-disciplinary programme is envisaged to match the current needs of industry, combining a rigorous business and technical approach to topics related to complex business and trade market systems as well as energy related technologies and management, offering a broader and more holistic approach to cultivate the skills needed to successfully overcome strategic general management challenges. With this purpose, European and international regulations and standards will be highlighted along with management principles.

The programme covers 10 modules for a total of 120 ECTS points. Successful graduates are awarded the internationally recognised degree of "Master of Engineering" (MEng).

Overview of the modules and their respective courses:
1. Environmental Engineering

• Environmental Impact Assessment
• Clean Technologies
• Renewable Energies
• Energy Management

2. Communication and Risk Governance

• Risk Governance Concepts and Practices
• Risk Perception and Risk Communication
• Concepts and Applications of Key Performance Indicators for New Technologies
• Industrial Risk Psychology

3. International Business

• International Markets
• Managerial Economics
• Business Communication and Management of Intercultural Differences
• Integrated Corporate Social Responsibility and Sustainability

4. Management Systems

• Introduction to Risk Management
• Health, Safety, Security and Environmental Risks
• Quality Management
• Project Management

5. Marketing, Accounting and Finance

• Marketing Management
• Managerial Accounting
• Managerial Finance
• Methods of Research and Analysis

6. Strategic Management

• Management of Strategies
• Organisational Behaviour
• Sustainability Management
• Human Resources Management

7. Product Life Cycle Management

• Value Analysis
• Function Analysis
• Functional Performance Specification
• Life Cycle Analysis and Assessment

8. Operational Management

• API RBI Concepts in Industry
• Production and Operations Management
• Innovation Risk Management
• Vulnerability Analysis and Return on Prevention Analysis

9. Risk Management

• Principles and Methods of ISO 31000
• Principles and Methods of ISO 31010
• Quantitative Risk Assessment and Advanced Applications
• Emerging Risks

10. Business Continuity & Project Risk

• Risk Management Strategies
• Practical Example: Workshop Business and Financial Risks
• Business Continuity Risks & Insurance
• Safety and Reliability Analysis

Educational organisation

The Master's programme includes 10 modules for a total of 120 ECTS credits, as well as a fully supervised and documented study project and Master's thesis.
In terms of curriculum and organisation, the Project Competence Concept, which based on the dual study system, goes way beyond conventional degrees.

One part of the admission requirements is that students willing to enrol must have a project at a company or organisation. Young graduates can be supported by the Advanced Risk Technologies Institute to find a suitable company. Once the company is chosen, mentors are appointed from both SHB and company. Thereupon, the project is defined: the current situation is assessed, goals are detailed ,and milestones and conditions are set. The study plan is then tailored, and the project work is carried out along with more classical courses. Regular meetings between students and mentors as well as specific examinations (e.g. Transfer Papers) secure the proper execution of the project. The project reaches its climax through the Master's thesis, in which the key findings and innovative solutions for the project are presented. As a general rule, students work for two years on a project at their companies and convene every four months for one month of courses.

The concept of integrated work on projects at companies is set to facilitate integrated technology transfer, whereby the students gain new skills and create a professional network as part of their studies. They also apply the knowledge they have gained to practical everyday risk issues by supplying deliberate, pertinent, and theoretically sound solutions to business problems.

Moreover, the programme draws on the extensive knowledge and skills of lecturers who are leading experts in their corresponding fields. The strength of their academic and practical backgrounds contributes to the high quality of the study programme.

Study abroad unit(s)

Possible according to students' projects

Internships

No additional internship is necessary since the programme is extra-occupational.

Forms of assessment

The modular structure of the study programme includes exams for each module.

The examinations may involve:
1. Written examination (up to 120 minutes): written paper with four kinds of questions (true/false, multiple/single choice, short answers, essay/calculation, examples)
2. Oral examination (up to 60 minutes): verbal discussion, optional presentation included
3. Presentation with visuals (up to 20 minutes)
4. Publishable papers
5. Case studies
6. Project Study Paper (up to 20 pages): topic specified by the project and student's supervisors
7. Transfer Paper (one page): applying theory studied in a course to the company's situation, to be written after each completed module

Course objectives

The Master's programme in International Business and Risk Engineering is designed for graduates and young professionals who wish to develop the following:

• knowledge, skills and competences in the field of international business and advanced modern technologies with a product-life-cycle perspective
• skills for the formulation and implementation risk management strategies as well as skills for understanding these approaches in a broader international and intercultural context
• engineering science knowledge to cope with the complexity of globalisation and smart technologies
• competences to match the current needs of industry, combining a rigorous business and technical approach to important topics
• knowledge related to complex business and trade market systems
• management capabilities, with a broader & more holistic approach in order to cultivate the skills in strategic general management principles, which is based on European and international regulations and standards
• new skills and create a professional network as part of their studies
• knowledge about practical everyday risk issues by supplying deliberate, pertinent and theoretically sound solutions to business problems

Career prospects for graduates of the programme Master in International Business and Risk Engineering are above-average because of the great and increasing need for risk professionals with international business oriented managerial skills in the market. This, combined with graduates' past work experience and strong network, will help graduates find excellent career prospects.

Successful completion of this programme is the ideal preparation for future management tasks and offers the possibility to complete a doctorate.

Language requirements

Admission requires no special language skills that would go beyond the English B2 level of the Common European Framework of Reference for Languages.

Academic requirements

• Bachelor's degree (180 ECTS credits) in engineering, business administration, science or industrial engineering
• One year of professional experience
• Above average grades in previous studies (Average above 2.4 according to the German grading system)
• Good knowledge of English (certified B2 level or equivalent)
• Successfully passing the aptitude test

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Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

Enrolment fees

None

Costs of living

Approx. 600 EUR per month / 20 EUR per day plus accommodation; can be covered by the sponsoring company or organisation

Job opportunities

The Project Competence Concept, based on the German dual education system, is implemented in every degree offered by the Steinbeis University Berlin. In concrete terms, students willing to enrol must have a sponsoring company or organisation. (The Advanced Risk Technologies Institute can support young graduates to find a suitable company.)

Through the real world projects, which are mentored by industry experts and provide tangible outcomes, the two-year project in the sponsoring company gives students the tools, competencies, network, and confidence they need to boost their career as well as the support needed to finance their study.

Arrival support

The Institute of Advanced Risk Technologies provides all of the information needed in order to obtain a visa and checks the compliance of the students' documents with the regulations of the German authorities.
Assistance with public transportation, such as a pick-up service from/to the airport, may be provided.
Students will also receive a "survival-guide".

Services and support for international students

Each international student will be paired with a dedicated contact person from the institute's administration department.

Accommodation

Flats are available in Stuttgart. The institute can help students to find proper accommodation.