Strategy, Innovation and Sustainability (MSIS)

The Master's Degree Programme in Strategy, Innovation and Sustainability is designed for future managers working in the global economy. The programme corresponds to the increasing international demand for strategic and innovation management professionals, who understand how sustainability issues create both challenges and opportunities for value creation.

Based on a foundation of general management and business administration, the programme develops advanced competences in the intersection of strategic management and innovation. It also pays special attention to developing the understanding of the modern business environment where economic value needs to be created in a way that simultaneously creates value to the entire society in a responsible manner.

Join the MSIS learning experince and become a focused future professional who can make a difference in international business!

Intended Learning Outcomes

The program builds on previous studies at the undergraduate level. It provides both the necessary general knowledge in business administration and strategic management and advanced knowledge on the fields of international business, innovation and sustainability.

After completing the programme, students will be able to:

• analyze managerial problems and make strategic decisions related to innovations in the context of
• international business and sustainable value creation
• demonstrate analytical business skills
• apply conceptual tools to concrete business challenges
• utilize intercultural competence
• conduct an independent scientific research project, report and present it professionally
• show a global, innovative, and sustainability-oriented mindset

The Master's degree programme in Strategy, Innovation and Sustainability takes two years, corresponding to 120 ECTS credits and leading to the degree of Master of Science in Economics and Business Administration at the LUT School of Business. The language of tuition in the programme is English.

For students interested in Russian markets, the MSIS programme offers a double degree option with the Graduate School of Management (GSOM) of St. Petersburg State University. This two-year international degree programme is taught completely in English.

Double Degree Programme Execution

Students admitted to complete the Master's degree in the MSIS programme at the LUT School of Business may apply to the double degree programme organised in cooperation with the St. Petersburg State University Graduate School of Management (GSOM).

Students admitted to the Double Degree programme receive a degree certificate from both universities after they have fulfilled the degree requirements of both universities. The duration of the Master's programme is two years. Students selected by LUT will study at LUT for the first academic year and at GSOM for at least the autumn semester of the second academic year.

MSIS programme has also one-way DD-cooperation with the Plekhanov Russian University of Economics and Graduate School of Economics and Management, Ural Federal University.

Completed DegreeYou are eligible to apply to the Master's Programme in Strategy, Innovation and Sustainability (MSIS) with one of the following degrees:Bachelor of Science (Economics and Business Administration) from a Finnish universityBachelor of Business Administration (Tradenomi) from a Finnish University of Applied SciencesA Russian Spetsialist Degree in BusinessForeign University Degree in Business; provided that the degree gives qualifications for equivalent academic studies in the country in question, including an academic American style BBA Programme or an academic American style accredited MBA Programme a minimum of 80 ECTS credits of Business Administration studies*or studies deemed by the LUT School of Business to be sufficiently corresponding studies is required The completed studies must be composed of at least three different disciplines Business Administration.Academic minor subjects in Business produced by another business school in another university can also be acceptedCourses completed more than 15 years ago will not be considered unless they are included in your degree.Finnish University Degree or a Finnish Polytechnic Master's Degree in a field other than Business Administration a minimum of 24 ECTS credits of Business Administration studies*orstudies deemed by the LUT School of Business to be sufficiently corresponding studies is required Academic minor subjects in Business produced by another business school in another university can also be accepted.Courses completed more than 15 years ago will not be considered unless they are included in your degree.* Studies in the following areas are referred to as studies in business administration: Accounting, Marketing, Finance, Management and Organisations, Business Law, Economics, Supply Management, Logistics and Knowledge Management. Studies in Methodology are also acceptable.It is your responsibility to list your former business studies according to discipline on your application.1 ECTS credit = an average input of 26 hours of work (including lectures, home assignments, etc.)NOTE: Please find the detailed information on the required previous studies at Admissions Criteria and Selection.NOTE:You are NOT eligible to apply with a degree of Master in Science in Economics and Business Administration.Applying as UndergraduateIn case you are still studying or waiting to graduate, you are eligible to apply, but you must have completed your degree and mailed an officially certified copy of your Degree Certificate and Transcript of Records together with the official translations (if applicable), to Lappeenranta University of Technology / LUT Admissions Services by July 16, 2014.Proficiency in EnglishYou are required to present a language test certificate as proof of your English language skills. One of the following English language tests with the respective minimum scores is required:TOEFL: 80 iBT or 550 PBTIELTS: 6.0Cambridge Certificate in Advanced English (CAE) or Cambridge Certificate of Proficiency in English (CPE): grade A, B or CPTE Academic 54NOTE: A language certificate from your home university is not accepted. A language test certificate is not required from you if you have: Completed your degree in a Finnish university or university of applied scieces in Finnish, Swedish or English.Completed your degree in English in a member state of the EU/EEA, Australia, Canada, New Zealand or the U.S.A. The fact that the language of education was English, must be mentioned in the degree certificate, appendix, transcript or in a separate official document provided by the institution of higher education.Your language test result has to be valid throughout the whole application period - meaning, that in case of your language test result should expire even for only one day before the application deadline, you will need to have a new language test certificate.TOEFL, IELTS and PTE Academic language test certificates are valid for two years from the date of taking the test. CAE and CPE language tests must have been completed in 2005 or later, and their results are valid indefinitely. English Language Requirements IELTS band: 6 TOEFL paper-based test score : 550 TOEFL iBT® test: 80

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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.

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Scholarships

Lappeenranta University of Technology (LUT) offers international degree students a limited number of scholarships in three different categories:

• Tuition Fee Scholarship, covering 25-100 % of the tuition fee (if applicable)
• Full Scholarship, covering the tuition fee and living expenses
• Living Cost Scholarship, covering the living costs

The scholarships are based on academic excellence and/or the need for financial aid to support the studies at LUT.

Scholarship Programmes

LUT General Scholarship Program

The scholarships offer you the possibility of being financially supported during your period of study at LUT. The aim of the LUT general scholarship program is to help you with your tuition fee or to get financial support for your living expenses in adequately completing your studies at LUT. The student applies for a scholarship in one of the categories mentioned above, while LUT takes care of granting the possible scholarship from this programme.

Partnership Scholarship Program for Russian Universities

The aim of the scholarship program is to create more extensive cooperation between LUT and a number of Russian universities on education and research and to strengthen these networks, as well as to transfer knowledge between the Finnish and Russian economies.

Students coming from these Russian universities do not have to specifically apply for this particular scholarship. The student applies for a scholarship in one of the categories mentioned above, while LUT takes care of granting the possible scholarship from this programme whenever the student becomes eligible for this scholarship.

The Fulbright-Lappeenranta University of Technology Graduate Award

The Fulbright student award competition is open to students from the U.S. who have at least a Bachelor's degree. The Fulbright scholarship has its own application process, application period and criteria.