Masters Programme in International Business and Entrepreneurship

The Master’s Programme in International Business and Entrepreneurship at LUT University is designed for individuals who aspire to lead and innovate in the dynamic global business landscape. This interdisciplinary program equips students with essential knowledge and skills in international business, entrepreneurial strategies, and global market dynamics. It prepares graduates to navigate the challenges of operating in a cross-cultural environment and to establish and manage entrepreneurial ventures. The program focuses on fostering an entrepreneurial mindset and practical business solutions, providing students with the tools to manage international teams, drive business growth, and lead innovative projects across borders.

Curriculum: The curriculum of the Master’s Programme in International Business and Entrepreneurship combines foundational business knowledge with specialized courses in international business strategies, entrepreneurship, and innovation management. Core courses include subjects such as international marketing, global business strategy, entrepreneurship and innovation, leadership and management, international finance, and cross-cultural communication. In addition to the core subjects, students can choose from a range of electives that align with their specific interests in areas like digital transformation, sustainable business models, or startup management. The program also emphasizes practical, hands-on learning through case studies, group projects, and interactions with real-world entrepreneurs and business leaders. The curriculum culminates in a master's thesis, which allows students to research and explore a topic relevant to international business and entrepreneurship.

Research Focus: The Master’s Programme in International Business and Entrepreneurship at LUT University is grounded in research that explores the intersection of entrepreneurship, global business, and innovation. Research in this program is focused on understanding how businesses can leverage innovation and entrepreneurial strategies to succeed in international markets. Key areas of research include the development of sustainable business models, the role of digital technologies in entrepreneurship, global market entry strategies, and the challenges and opportunities in managing cross-cultural teams. Students are encouraged to engage with ongoing research projects at LUT University, contributing to the university's aim of fostering sustainable, innovative, and globally competitive business solutions. This research-driven approach ensures that students graduate with the latest insights into global business trends and entrepreneurial practices.

Industry Engagement: Industry engagement is a central aspect of the Master’s Programme in International Business and Entrepreneurship at LUT University. The program offers students ample opportunities to collaborate with industry professionals through internships, guest lectures, and project-based assignments. These engagements allow students to apply their academic knowledge to real-world business scenarios, gaining valuable experience in international business environments. Students also have the opportunity to network with business leaders and entrepreneurs, fostering relationships that can lead to career opportunities after graduation. LUT University's strong industry connections with global companies and startups provide students with access to resources, mentorship, and practical insights into the international business landscape. Collaborative partnerships with industry players further enhance the program’s practical relevance and ensure that students are well-prepared to enter the workforce.

Global Perspective: The Master’s Programme in International Business and Entrepreneurship offers students a comprehensive global perspective, preparing them for leadership roles in international business and entrepreneurship. The program's international focus is reflected in its diverse student body, global case studies, and cross-cultural learning opportunities. Students gain an understanding of the complexities of doing business across borders, with courses that cover topics such as international market dynamics, global supply chains, and cross-cultural communication. The program also emphasizes the importance of sustainable and socially responsible business practices in a global context. Through study exchanges, international internships, and collaborative projects with global companies, students are exposed to various business environments and develop the skills to thrive in international markets. Graduates are prepared to work in multinational corporations, international startups, or to launch their own businesses in the global marketplace.

Postgraduate Entry Requirements

Application Fee: €100

Academic Qualifications: Applicants for postgraduate programs typically require a minimum academic achievement of 65% or above in their bachelor's degree.

English Language Proficiency:

• IELTS: Overall band score of 6.5 or 7.0 with a minimum of 6.0 in each component.
• TOEFL: Overall score of 90 or higher.
• PTE: Overall score of 62 or higher.

LUT University in Lappeenranta offers various scholarship opportunities for international students to help support their studies and make education more affordable. These scholarships are designed to attract talented students from all over the world and provide financial assistance.

LUT University Scholarships for Non-EU/EEA Students: LUT University offers scholarships for non-EU/EEA students enrolled in its Master's programs. These scholarships cover part of the tuition fees and are awarded based on academic merit. The scholarships are typically partial, covering up to 50% of the tuition fee, and are available for students who meet the university's admission requirements and have demonstrated academic excellence.

LUT University Tuition Fee Scholarship: LUT also provides a specific tuition fee scholarship for non-EU/EEA students. This scholarship is aimed at supporting students with high academic performance, and it is awarded upon admission. The tuition fee scholarships are granted based on a competitive selection process and may cover 50% to 100% of the tuition fees, depending on the student’s academic achievements and eligibility.

Finland Government Scholarships: In addition to LUT's own scholarships, international students can also apply for the Finnish Government Scholarship Pool, which provides funding for students from select countries. This scholarship is typically offered for postgraduate studies and can cover living costs and tuition fees during the duration of the program. LUT students who meet the scholarship criteria may apply for this competitive funding opportunity.

LUT Alumni Scholarship: LUT University offers an Alumni Scholarship for international students who have completed a master's degree at the university and wish to pursue further studies or doctoral research. This scholarship is designed to reward the achievements of students who have successfully graduated from LUT and are looking to continue their academic journey.

Graduates of the Master’s Programme in International Business and Entrepreneurship from LUT University have a wide range of career opportunities in various sectors, with their skills highly sought after by international businesses, startups, and multinational corporations. Equipped with expertise in international business strategies, entrepreneurship, and global market dynamics, students can pursue diverse and rewarding roles.

Entrepreneur/Startup Founder: Graduates are well-prepared to start their own businesses or entrepreneurial ventures, utilizing the knowledge gained in innovation, strategy, and business management. Many opt to launch startups focused on new products, technologies, or services that cater to international markets.

International Business Manager: As an international business manager, graduates are responsible for managing operations in global markets, identifying growth opportunities, and implementing strategies that align with business objectives across multiple countries. This role requires expertise in market entry strategies, cross-cultural management, and global business environments.

Business Development Manager: In this role, graduates drive the expansion and growth of businesses, identifying new market opportunities, forging partnerships, and developing new products or services. They focus on creating sustainable strategies for long-term business success in international markets.

Global Marketing Manager: Graduates can specialize in global marketing, developing and executing marketing strategies for international businesses. This role involves market research, understanding cultural nuances, and tailoring marketing campaigns to suit diverse international markets.

Innovation and Strategy Consultant: Working as a consultant, graduates provide strategic advice to businesses on how to innovate, enter international markets, or expand their global presence. They help organizations adapt to changing global business landscapes by implementing forward-thinking strategies and technologies.

International Sales Director: International sales directors oversee sales operations across different countries, driving revenue growth by developing sales strategies, managing sales teams, and ensuring that international clients’ needs are met. They need strong skills in negotiation, relationship management, and global market trends.

Sustainability Consultant: As a sustainability consultant, graduates can work with businesses to develop sustainable strategies that balance profitability with social responsibility. This role involves advising companies on reducing their environmental impact, utilizing sustainable resources, and incorporating corporate social responsibility (CSR) practices into their international operations.

Corporate Social Responsibility (CSR) Manager: Graduates can manage CSR initiatives, working with global businesses to ensure ethical practices, fair labor standards, and environmentally responsible operations across international supply chains.

Project Manager in International Ventures: Project managers lead international business ventures, managing teams, budgets, and timelines to ensure the successful execution of global projects. This may include coordinating the development of new products, services, or business initiatives in diverse international settings.

International Finance Manager: This role involves overseeing financial operations in international markets, managing budgets, investments, and financial strategies for global business expansions. Graduates can apply their knowledge of international finance, risk management, and investment strategies to guide businesses in the global financial landscape.

Cross-Cultural Manager: As a cross-cultural manager, graduates help multinational companies manage diverse teams across borders. They focus on effective communication, conflict resolution, and fostering teamwork in multicultural environments, ensuring that businesses operate smoothly in international contexts.

Export/Import Manager: Export/import managers oversee the process of trading goods and services across international borders, ensuring compliance with international regulations, managing logistics, and optimizing supply chains. They coordinate with international partners and suppliers to ensure smooth transactions.

Global Supply Chain Manager: Supply chain managers oversee the logistics and flow of goods, services, and information across international markets. Graduates can manage complex global supply chains, ensuring efficiency, cost-effectiveness, and sustainability in the movement of goods between countries.

Policy Advisor for International Business: Graduates can work as policy advisors in governments, international organizations, or NGOs, providing strategic advice on international business regulations, trade policies, and cross-border economic strategies.

Investor Relations Manager: In this role, graduates manage the communication between a company and its investors, ensuring transparency in global financial markets and addressing investor concerns regarding the company’s performance in international markets.

Technology and Business Integration Manager: Combining expertise in international business and entrepreneurship, graduates can manage the integration of emerging technologies into global business operations, helping organizations stay ahead of digital transformation trends and improve efficiency.