Engineers need business acumen. Modern events and industry trends, these types of as the results of the pandemic on source chains and do the job everyday living, improved competition, buyer requirements, and a robust emphasis on climate challenges, have reworked how organizations and industries are operate. These stimulate engineers to replicate on their observe.
A diverse approach is essential, a person that harnesses the energy of instruction to train engineers beyond the technical. Today’s engineers require to know system, how to deal with persons, and the know-how to navigate firms, industries, and marketplaces. They have to have to give solutions that fuse engineering and engineering, getting into account pricing, competitiveness, logistics, and organisation of industries. Similarly significant is the knowledge in economical and economic analysis, as properly as entrepreneurship and innovation.
In August 2021, Blekinge Institute of Know-how introduced a master’s programme that fills this understanding and ability gap: the Master’s Programme in Industrial Economics and Administration (MIEM).
“Why MIEM? We supply this programme mainly because we see a will need in the field for engineers and professionals with knowledge in industrial economics and management,” shares programme manager Eva Lövstål. “This relates to organisations in the community sector as effectively as non-public providers.”
Spanning two years, the English-language programme will arm pupils with analytical and realistic skills. The previous presents, for example, an knowledge to how systems are shaping the business atmosphere, this kind of as the mother nature of competitiveness and the way in which marketplaces emerge and renovate. The latter boosts the capacity to create business procedures and effective management techniques. In the long run, it is intended to complement and establish upon prior qualifications within a specialized industry of examine (excluding industrial economics and administration). It aims to broaden a student’s specialized schooling as very well as utilising the student’s technological competence in a business and management context.
As for the content material, it has a broad coverage.
“In the programme, there are many courses that concentrate on market place attributes, traits and their affect on industries, corporations and organisations,” shares Lövstål. “It also consists of classes that tackle regions important to jogging a organization or organisation, and for acquiring innovations.” The programme focuses significantly on used knowledge — such as expense examination, stats, output economics — that can be employed to remedy intricate complications in business enterprise.
During the third semester, you can decide on from two specialised tracks: “Competition, manufacturing, and fiscal analysis” or “Marketing examination, entrepreneurship and technique.” As an different, you can go abroad and research in one particular of BTH’s companion universities. In the fourth and remaining semester, you will devote your time to a master’s thesis.
Classes acquire many varieties. Be expecting to go to lectures, contribute in seminars, take component in workshops, as very well as conduct theoretical and practical physical exercises that are executed possibly individually or in a team. In accurate BTH design, pupils will work in little groups, with near get hold of among the peers and school members.
The result? Graduates with good awareness of recent small business issues connected to globalisation, digitalisation, innovation and entrepreneurship. Each individual possesses a toolkit of skills in sector and financial commitment examination, enterprise strategies, econometrics, job administration, as effectively as analysis methods and design and style. Each is armed with a repository of insights in present-day investigation and developments inside specified sub-spots of industrial economics and administration. All boast an sophisticated ability to existing and assess scientific operate. As a BTH graduate, they will stand out for their exclusive focus on the digitalisation of culture and sustainability as well.
That’s not all. Other expertise obtained in this article involve analytical imagining and innovation elaborate problem-solving crucial considering and examination creativity, originality and initiative as nicely as leadership and social impact, furthermore quite a few a lot more. They replicate the major 5 in-need capabilities as rated in the Earth Financial Forum’s Future of Work Survey 2020.
There are lots of other variables that established the MIEM apart. Graduates are suitable for a one particular-yr residence allow. They can continue to be in the nation for two motives: to find operate and to build a business or small business. Tuition charges are 240,000 Swedish kronas, somewhere around US$27,100 — EU and EEA learners are not necessary to shell out. Scholarships by the Swedish Institute and BTH are generous.
As for the placing? An inspiring analyze natural environment. On campus, there are lecture halls, libraries, dining establishments, cafes, and a students’ union. “We have a pretty modern-day research environment where by students can meet up with with each other, as effectively as with teachers,” says Director of Worldwide Affairs Mats Walter. “We’re a smaller university. Considering that we are smaller, we are shut. Pupils can conveniently arrive at out to the vice chancellor on a daily foundation, unlike big universities with a great deal of hierarchy.”
The two of BTH’s campuses are positioned by the sea — a unique environment couple other universities can replicate. “Between the lectures, you might have a tub in the sea in the summertime,” indicates Walter.