Global Innovation Management - UTU Masters
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Master's Degree Programme in

Global Innovation Management

Turku School of Economics, University of Turku

Innovative leaders for the future world!

The Master’s Degree Programme in Global Innovation Management is designed to bring a scientific mindset to managerial challenges at the crossroads of International Business, Entrepreneurship and Innovation Management.

In the Master’s Degree Programme, you will acquire advanced knowledge in innovation management related theories and practices and will be able to develop and apply frameworks which help to understand how innovations are created, launched and managed in an international setting. You will also learn how entrepreneurial activities are formed and what are the key strategies that companies use in order to expand.

The competence gained in the Programme opens up numerous career opportunities in different kinds of organisational settings and roles as well as the possibility to apply for doctoral training.


Programme structure

The extent of the Programme is 120 ECTS credits and the degree is designed to be completed in two years. In addition to major and minor studies, students must take language studies and need to complete methodology courses. Students should note that this is a full-time Programme and most courses have compulsory attendance.

In addition to courses focusing on international business, entrepreneurship and innovation management, students can take elective courses.

Academic excellence & experience

The program is offered by Turku School of Economics at the University of Turku. TSE has earned AACSB Accreditation (The Association to Advance Collegiate Schools of Business), the highest standard of excellence in business education worldwide. We have been accredited since 2019 and are committed to continually improve the quality of education we offer.

The studies include a comprehensive choice of economic sciences, other business and finance-related subjects and foreign languages. You will be part of a solid scientific community – set in a modern and demanding study environment – in which you can develop your skills and competence.

The expertise of TSE in international business combined with Finnish global competitiveness in technological innovation provides unique conditions that make this Programme an unparalleled experience, enabling students to think in new and constructive ways.

Turku School of Economics employs a variety of teaching methods that are carefully combined to give students the opportunity to learn effectively. In addition to interactive lectures, case studies, problem-solving exercises and e-learning models complement traditional learning methods.

This combination allows for the integration of theoretical insights into the real-life aspects of business. The graduates of the Master’s Degree Programme in Global Innovation Management acquire knowledge, accumulate experience and develop important personal skills.

The Programme offers lectures and seminars with class sizes varying between 10 and 30 students on average. On most courses, you will gain experience of intercultural communication by engaging in team-sized collaborative learning groups. Graduates from the Programme have a very strong foundation in research and inquiry. They are trained to utilise scientific methods to solve real world problems. They can actively apply their expertise to new situations and generate new knowledge.

Master's thesis & topics

At its best, a Master’s thesis is a productive and advanced study in the problematics of a specific subject. The process involves a set number of compulsory seminar group meetings, since a fundamental part of the learning process is the oral presentation of one’s own work and the ability to discuss the works of others.

Upon completion of the Master’s thesis, you:

  • are able to apply the research methods on your area of specialisation in an independent research work that follows good scientific practice
  • are able to choose and formulate a research problem and develop a research plan for conducting your study.
  • can describe and analyse previous research connected to the research problem and select an appropriate research method for the study.
  • can apply the selected research method to collect data and to critically analyse and report the research results.
  • can identify the most significant research findings and communicate them both in writing and orally.

Examples of Master’s thesis topics

  • Scouring uncharted waters – managing outbound open innovation in maritime industry
  • Interactions of decision mechanisms in an entrepreneurial firm’s journey to become a major player in its industry
  • The role of diaspora networks in opportunity exploitation by ethnic entrepreneurs in Finland
  • Motivating employee engagement in in-house crowdsourcing. Case: Large government-owned company


Studies and learning

The Global Innovation Management (GIM) Programme consists of courses in which teaching is performed with pride but where learning is the ultimate focus.

That means that the classes you attend during GIM might differ a little from your previous experience of studying and lectures.

In GIM, the focus is on your transformation and learning. To achieve this, the academic staff designs courses in different ways so that students take responsibility for their own learning and development.

Much of the studying is done within collaborative learning groups, which have been shown to produce superior learning outcomes. Furthermore, they are beneficial in a holistic personal development process which includes intra- and interpersonal skills in a very international setting.

Committing to a Programme like GIM involves more than just following a curriculum. We also have an elaborate tutoring programme, which gives every student three tutors and advisors:

  • a student tutor who will introduce you to the social, cultural and practical every-day life in Finland
  • an academic advisor, who is designated to support you in your studies, research and life planning
  • an education coordinator who will develop a personal study plan with you on a one-to-one basis

These efforts are made in order to safeguard your overall learning experience.

Educational and research collaboration is conducted with the Indo-Finn Diagnostic Research Center.


Competence description

GIM is designed to transform your thinking so that you will be able to contribute to the international success of various types of organisations.

The Programme has a strong international business component. It is designed to teach you to understand the complex interactions and big picture of an ever more globally interdependent world. This capability enables graduates to become valuable actors in areas like general management, the management of small and medium-sized enterprises and similar organisational roles.

The innovation management that is part of hte Programme provides a deep and broad understanding of the nature of innovations, their development and commercialisation. Our focus – in terms of innovation management – ranges from macro-systems (i.e. national innovation systems) to business concept innovations, to more traditional innovation management tasks in R&D, product, service and process innovation management. This more specialised focus complements the acquired general skills set.

Entrepreneurship studies, the third fundamental emphasis of GIM, involves working on cognitive and behavioural abilities. These have been found to positively correlate with the development and commercialisation of successful innovations.

Job options

In summary, the design of GIM opens up a number of possible career opportunities in all kinds of organisational settings and roles.

Possible job titles are:

  • category manager – external supply operations
  • branch manager
  • senior manager
  • marketing coordinator
  • managing director
  • development manager
Career in research

The Master of Science degree opens up the possibility to apply for doctoral studies. Quite a few former Master’s students continue to pursue the Doctor of Science degree after completing the Programme.

GIM graduates are eligible to apply for a position in the University of Turku Graduate School, UTUGS. The Graduate School consists of 16 doctoral programmes which cover all disciplines and doctoral candidates of the University.

Together with the doctoral programmes, the Graduate School provides systematic and high quality doctoral training.  UTUGS aims to train highly qualified experts with the skills required for both professional career in research and other positions of expertise.


General degree requirements

Phase 1 – General Requirements

  1. Academic Requirements

All applications are pre-screened and short-listed based on the eligibility of the applicants. To be short-listed applicants must have one of the following degrees from Finland or a corresponding foreign university degree that meets the Finnish criteria.

Degree Requirements

a) Bachelor of Science degree in Business Administration

b) Bachelor of Science degree in Engineering

c) Bachelor of Science in Biochemistry, Food Chemistry, Molecular Biotechnology or In Vitro Diagnostics

d) Bachelor of Business Administration degree from a University of Applied Sciences in Finland or a corresponding degree from a foreign university of Applied Sciences giving eligibility for Master’s level studies in that particular country. (Edit 7.11.2018)

The required degree must be completed by 10 July 2019. If the required degree is not completed by the application deadline, applicants should enclose a statement from their home university stating the expected date of graduation.

Applicants with a Finnish Master of Science degree in Economics and Business Administration (kauppatieteiden maisteri) are not eligible.


  1. Studies in Business Science

Previous university level studies must include a minimum of 30 ECTS credits in business science studies.


Previous eligible studies in business sciences

  • Accounting and Finance
  • Marketing
  • International Business
  • Management and Organisation
  • Operations and supply chain management
  • Entrepreneurship


Due to the differences in the subject names, studies in other subjects might be accepted as well.


  1. Minimum Grade

The grade of the applicant’s major studies should be 3 or better for students graded on a grading scale of 1 to 5. The minimum for all other grading systems is the average grade. If the applicant’s certificate does not indicate the grade for their major studies, the average grade will be calculated from all courses indicated in the transcript of records. The following scale is used when considering the grade:


5 laudatur, eximia A 4 3 and 3–
4 magna B 3 2,5 and 2+
3 cum laude C 2 2 and 2–
2 non sine, lubenter D 1 1,5 and 1+
1 approbatur E 1 and 1–


  1. Language Requirement (See Below)

Prospective candidates should have a good level of proficiency in the English language.

Student Selection

The eligible applicants will be graded on pre-determined points based on the following criteria:


  1. Bachelor’s thesis

Grade awarded for the Bachelor’s thesis:


Grade 3 = 10 points

Grade 4 = 30 points

Grade 5 = 50 points


(If the applicant’s previous studies are not graded on a scale of 1 to 5, the grading scale will be converted to a scale of 1 to 5). Applicants who have not written a thesis as part of their previous degree will earn no points in this section. Applicants whose thesis is graded on a scale of pass/fail will earn 10 points.


  1. Previous business studies

Previous business studies: 1 ECTS credit =1 point. The points are scaled to a maximum of 50 points. Scaling means that the applicant with the highest number of previous business studies will get 50 points and other applicants’ points are determined in relation to this.


An example: The applicant with the highest amount of previous business studies has completed 200 ECTS cr in their business studies and receives 50 points. Applicant A has 100 ECTS cr from their previous business studies and applicant B 160 ECTS cr. Thus, applicant A receives 25 points and applicant B 40 points.


A list of previous business studies accepted

  • Accounting and Finance
  • Marketing
  • International Business
  • Management and Organisation
  • Operations and supply chain management
  • Entrepreneurship
  • Economic Geography
  • Economic Sociology
  • Information Systems Science
  • Business Law
  • Quantitative Methods in Management
  • Economics


The list is based on the subjects taught at Turku School of Economics, University of Turku. Due to the differences in the subject names, studies in other subjects might be accepted as well.


  1. International Business Studies

Previous studies in international business: 1 ECTS credit = 1 point, scaled to a maximum of 50 points.


  1. Grade of major studies

The grade of the applicant’s major studies, on a grading scale of 1-5. If the applicant’s certificate does not indicate the grade for studies in their major, the average grade will be calculated from all courses indicated in the transcript of records.


Grade 3 = 0 points

Grade 4 = 30 points

Grade 5 = 50 points


(If the applicant’s previous studies are not graded on a scale of 1-5, the grading scale will be converted to a scale of 1-5).


5 laudatur, eximia A 4 3 and 3–
4 magna B 3 2,5 and 2+
3 cum laude C 2 2 and 2–
2 non sine, lubenter D 1 1,5 and 1+
1 approbatur E 1 and 1–



  1. Studies abroad

If a minimum of 150 ECTS credits of the applicant’s required degree mentioned in Phase 1 were undertaken in a country other than Finland : + 50 points


  1. Technology-related studies

If the applicant has at least 25 ECTS credits in technology-related studies: +50 points



A list of previous technology-related studies accepted

  • Automation and Systems Technology
  • Engineering Physics and Mathematics
  • Computer Science and Engineering
  • Information Networks
  • Industrial Engineering and Management
  • Mechanical Engineering
  • Energy Engineering and HVAC
  • Chemical Technology
  • Material Science and Engineering
  • Forest Products technology
  • Architecture
  • Landscape Architecture
  • Geomathics
  • Real Estate Economics
  • Civil and Environmental Engineering
  • Bioinformation Technology
  • Biochemistry
  • Food chemistry
  • Biotechnology
  • Electronics and Electrical Engineering
  • Communications Engineering


In the case of tied points

In case of applicants receiving the same number of points priority is given in the following order to applicants with the most points from a) eligible previous studies in futures studies, b) grade of major studies, c) grade of thesis and d) points from supplementary studies. If there are still applicants with the same number of points after the mentioned priorities, all applicants will be treated equally in the admission procedures.

Language Requirements

Prospective candidates should have a good level of proficiency in the English language. Applicants are expected to have taken one of the following tests:


  • TOEFL PBT (Test of English, paper-based). Minimum requirements: 575 points
  • TOEFL iBT (Test of English, Internet-based). Minimum requirements: 92 points (each section at least 20 points)
  • CAE/CPE (University of Cambridge Advanced Examination/Proficiency Examination) Pass grades A, B or C
  • IELTS ACADEMIC (International English Language Testing System) Minimum grade 6,5 (each section at least 6.0)
  • PTE Academic (Pearson Test of English). Minimum requirements: 62 (Communication skills: each section at least 54 points)
  • The test for the National Certificate of Language Proficiency arranged by the Finnish National Board of Education, Average skill level 5


The test is not required if the candidate holds one of the required degrees in English from an EU or EEA Country, or from Australia, Canada, New Zealand or the U.S.A. The language of instruction of the degree must be proven with the degree certificate, transcript of records or Diploma Supplement.


Application Form and Enclosures

The application form is available to be filled and submitted at the Studyinfo portal during the application period. The following documents must be scanned and attached to the application (in pdf format):

  • The original degree certificate from a higher education institution (and an official translation to Finnish, Swedish or English if the document is in some other language)
  • The original transcript of study records, which indicates the grading system of the higher education institution (and an official translation to Finnish, Swedish or English if the document is in some other language)
  • the test score of the test you have taken
  • CV: Please use the Europass CV format

All translations must be made either by an authorized translator or by the degree awarding institution. Each page of an official translation must bear the translator’s stamp and/or signature. Official translations must be exact translations of the original documents.

Degree Certificate
A degree certificate is a document issued by an institution to a student who has successfully completed all studies included in the degree. The student has graduated. The degree certificate should include the name of the institution awarding the degree, the date of issue, and the name of the person to whom the degree certificate has been issued and which title/degree the person has been awarded.

Temporary (Provisional) Degree Certificate
A temporary (provisional) degree certificate is a document issued by an institution to a student who has been awarded or conferred an academic degree. The temporary degree certificate is issued as a replacement for the actual degree certificate e.g. in case the actual degree certificate cannot be given to the student immediately after the studies have been completed due to technical or administrative reasons. The temporary degree certificate must include:

  • the name of the institution awarding the degree
  • the date of award/conferral of the degree
  • the name of the person to whom the temporary degree certificate has been issued
  • which academic title/degree the person has been awarded.

It is important to note that a document stating only that the student has completed all the courses is not sufficient as a temporary degree certificate.

Transcript of records
The official transcript of records should include the following information:

  • full titles of the units that the student has completed for the degree
  • completion times of study units (or at the very least the overall study time at the institution)
  • grades obtained
  • credits awarded
  • information on the grading scale used at the institution at the time of study
  • If you have not yet graduated: The transcript of records must include the name of the degree that will be awarded to you when you graduate (Bachelor of, Master of, etc.)

The transcript must cover the full length of studies. If the degree includes course units that the student has completed at another institution and the transferred credits are not indicated in detail on the transcript of records, a separate transcript of records regarding the transferred credits should be submitted.


Make sure you have the required degree. If you are graduating after the application deadline, you may apply on the condition that the required application documents are submitted and arrive at the University of Turku by 10 July 2019 at 15:00 (local time in Finland).


Check the language requirements and reserve a time for a language test if necessary.


Fill in the online application form. The online application is open only during the application period, so make sure you will finish your application before 31 January 2019 at 15:00 (local time in Finland, GMT +2).

Additional information

All applicants must apply to the Programme through the electronic system of portal. The admission decisions are made by Turku School of Economics, University of Turku.

Applicant may apply for two different Master’s degree programmes in TSE, if they are eligible. If the applicant applies for two programmes, they must submit two complete applications including required enclosures for each programme. Only complete applications will be processed.

NB! A degree student of TSE can at one time hold the study right for only one degree on the same level. When a student is granted a second study right by the TSE for a degree on the same level, they must renounce their earlier degree study right if the degree in question is still incomplete.

Please note that students accepted might need to complete supplementary studies in addition to the Programme’s studies. Supplementary studies cover studies that supplement the earlier degree of students chosen to complete a Master’s degree.

Supplementary studies aim to provide students with sufficient prerequisites to complete their Master’s degree. The studies are defined student-specifically based on their earlier studies. The level of supplementary studies is basic and intermediate and the amount is max. 60 ECTS.

An applicant should enroll to a language test early enough, e.g., 1-2 months before a test day. This is important because the test results are needed at the end of the application period and the tests might be already full for a late application.


Master’s Degree Programme in



Degree: Master of Science (Econ. and Business Adm.)

Duration: 2 academic years, 120 ECTS credits

Mode of study: Full-time

Faculty / Department: Turku School of Economics

Location: Turku, Finland

Language of instruction: English


Start date: August/September 2019

Application period: 3 Dec 2018 – 31 Jan 2019

Tuition fee for citizens of EU/EEA countries or Switzerland:  None

Tuition fee for citizens of non-EU/EEA countries:  €10,000 / academic year

Scholarships available: check the website




Future with UTU

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