International Business and Economic Diplomacy master degree programme
Against the backdrop of current economic and political developments, you will recognise the significance of international business relations and capitalise on them in order to achieve success on international markets.
Our two-year master programme is centred on developing broad-based, forward-looking expertise related to international management and economic diplomacy. This programme gives you managerial skills that will enable you to confidently hold your own in a competitive and constantly changing environment. The programme also comprises wide-ranging practical elements, with a focus on ongoing enhancement of soft skills and research techniques, all of which improve your employability.
The courses take place in 2 groups – either you study Thursday and Friday or Friday and Saturday. In addition, there are 3 block weeks in total.
You will complete your degree in 4 semesters, or 2 years. During this time, your workload will be 120 ECTS credits.
The degree programme
International and interdisciplinary, with a strong strategic and practical focus: welcome to the International Business and Economic Diplomacy master degree programme!
Slowbalisation vs. Globalisation 4.0
Although protectionism and initiatives aimed at decentralising politics are increasingly the focus of attention, digitalisation and new business models are resulting in ever closer ties between consumers and producers.
This has enabled companies to develop new global markets and change existing ones, but it is also bringing about shifts in political, economic and social frameworks.
International Business meets Economic Diplomacy
The interplay between the core elements of the programme, international business and economic diplomacy, enables our graduates to play a part in companies’ internationalisation processes.
Thanks to their sound knowledge of international market dynamics, graduates can identify business potential, and their expertise also supports successful execution of these commercial activities through establishment of a network of key international stakeholders.
Study the international way
Studying the international way: you will be studying alongside colleagues from around the world, discussing cultures, global events and economic developments with lecturers who have an interdisciplinary, international background, and exchanging notes at guest lectures and on visits to international businesses and organisations. You also have the option of spending the fourth semester at one of our partner universities.
Do you want to strike the right balance between studying and your work commitments? Or would you prefer to have the weekends off? We offer two study-time models for this part-time master degree programme: you can attend courses either on Thursdays and Fridays, or on Fridays and Saturdays.
The programme also includes courses and excursions spread over a total of three block weeks. So the degree is perfectly compatible with professional and/or family commitments.
A particularly attractive option is the dual degree we offer in conjunction with the University of the Sunshine Coast, Australia. Besides obtaining a master of arts at IMC Krems, you will also be accredited with the Australian Master of International Business at our partner institution. For this dual degree, additional tuition fees are charged at our partner institution.
" Our students are tomorrow’s game changers: they are open-minded, innovative, systematic and forward-looking. For them, international cooperation and diplomacy are priorities – not just as a means of promoting foreign trade, investment and innovation, but also as a way of safeguarding environmental and economic sustainability. "
Programme director Alina Schoenberg
A formula for success: theoretical knowledge + practical experience
The programme is built on three pillars.
Choose your own focus areas. You select one of two electives on the programme. Courses are held in semesters 2 and 3.
Career paths for graduates of the International Business and Economic Diplomacy master programme
After graduating from the International Business and Economic Diplomacy master programme, you will have advanced knowledge of management, as well as expertise in economic and political analysis, and negotiating. This means you are ideally placed to perform various roles in private and public sector organisations with an international focus.
Strategic aspects are the centre of attention throughout the programme. Your interdisciplinary education allows you to assume managerial responsibility for a variety of functions.
You have the option to put your knowledge to use at an Austrian company, or to head abroad. Whichever you choose, you will have what it takes to launch an international career, and your professional experience as well as any time spent studying abroad during the programme will boost your attractiveness for prospective employers.
Or are you interested in starting your own business? The broad-based approach employed in the degree programme gives you all the tools you need to set up your own company and manage it successfully.
- The professional areas open to graduates include
- National and international organisations and NGOs
- Foreign direct investment (FDI) management
- Think tanks
- Foreign trade (import/export)
- International marketing
- Outsourcing/product management
- Risk management and hedging
- HR and employee development
Opinions: International Business and Economic Diplomacy
Click through the videos of the degree programme.
Get to know the core team of our master degree programme International Business and Economic Diplomacy.