PLAce of study Aarhus

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1 MSc in Business Intelligence Focus on continuous business improvement In my job, I focus on continuous business improvement projects. One factor that is key if you want to become one of the best players in the market is a strong focus on defining and redefining the most effective way to create output. The MSc in Business Intelligence programme is perfectly tailored for the requirements of my current job description. Morten Bøgh Vindbjerg, MSc in Business Intelligence Head of Operational Marketing, Siemens Wind Power Business intelligence is concerned with concepts and methods for improving business decision-making by the use of fact-based support systems. Business intelligence as a discipline is made up of several related activities, including data mining, analytical processing, and business process improvement. Organisations use business intelligence to improve decision-making, to cut costs, to identify new business opportunities and to pinpoint inefficient business processes that are ripe for re-engineering. Business intelligence enables managers to make business decisions based on hard facts instead of gut feeling and anecdotes. The programme provides students with in-depth knowledge of methods of data analysis to support decision-making and to improve business processes on the basis of business analytics. Required courses The following courses are required in the first semester: Research Methods; Statistical Programming and Data Analysis, using R and SAS; Market-Oriented Strategic Management; and Economic Psychology. Specialisation courses More specialised courses in the second semester include: Data Mining for Business Decisions: Students learn to work with large datasets and learn how relationships in such data can be detected. Business Intelligence Architectures and Project Management introduces participants to state-of-the-art techniques for the successful management of business intelligence projects. It also introduces business intelligence architectures that actually work. Advanced Market Research focuses on how statistical experimental designs and other related statistical techniques can be utilised in the design of products and services. HR Analytics provides the knowledge and skills necessary to tackle HR-related challenges. These include how to evaluate the financial consequences of HR initiatives, how to measure job satisfaction, and how such information can be used for improvement purposes. Business Intelligence and Performance Management focuses on performance management systems. An understanding is provided of the role played by business intelligence in these systems. Bayesian Networks is a course designed to give students an insight into methods that help businesses to reason and make decisions in conditions of uncertainty. Bayesian networks are highly relevant to solving business problems in such areas as marketing, decision-making and risk management. In the third semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile The typical first job for a graduate holding an MSc degree in business intelligence involves specific analyses of organisational performance for decision-support, as part of an external or internal consultancy function. Examples of relevant job positions are consultant, quality manager, HR specialist, market analyst, data miner, process manager, PhD student. masters.au.dk/businessintelligence

2 MSc in Business Intelligence Focus on continuous business improvement 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES SPECIALISATION COURSES ELECTIVE COURSES Research Methods Data Mining for Business Decisions Internship Economic Psychology Advanced Market Research AU Summer University Market Oriented Strategic Management BI Architectures and Project Management Study abroad THESIS Statistical Programming and Data Analysis using R and SAS HR Analytics Electives at AU Bayesian Networks Business Intelligence and Performance Management 30 ects 30 ects 30 ects 30 ects masters.au.dk/businessintelligence

3 MSc in Consumer Affairs Consumer protection and empowerment The MSc in Consumer Affairs develops students competencies in consumer protection and empowerment and in consumer affairs management (including customer service and complaint handling). The objective of the programme is to produce graduates who are able to meet the demands made on socioeconomic experts in consumer affairs by the corporate sector, government agencies and consumer associations in the EU. Required courses The following courses are required in the first semester: Research Methods; Marketing in Context; Economics of Strategy; and Economic Psychology. In the second semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. Specialisation courses European Consumer Policy With the new consumer policy proclaimed in reaction to the European crisis of food trust (the BSE crisis) in the late 1990s, a new area of public visibility and political activism opened up in this policy field. Consumer policy is now confronted with a new model of sustainable consumption, representing an overall policy goal for the EU and for national governments. European Consumer Law gives students a thorough and profound understanding of the development of consumer protection law and policy in the European Union. Consumer Affairs and Sustainability covers theories behind experienced satisfaction and dissatisfaction, as well as service recovery. The course explores how consumers attribute responsibility to different actors; privacy issues; and how to build involvement and loyalty in customer relationships. Business Ethics provides fundamental knowledge of business ethics, and gives a thorough understanding of how and why this field has become increasingly important and topical both in the business community and in business studies in recent years. Social Marketing focuses on changing problematic behaviour in society, for example on reducing substance abuse, increasing dieting, recycling or conservation. Issue Management and Sustainability introduces participants to the strategic use of corporate communications in consumer affairs and sustainability contexts. The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. I was attracted by the programme s unique focus on the use of legal and economic tools to help and protect the consumer within the EU market. The programme also appealed to me because of its leading position in the study field. In my view it s highly relevant for future graduates, given that it was created in response to the European Commission for Health and Consumer Policy s need for experts on consumer policy. I really like the combination of law and behavioural economics courses. The professors are recognised experts in the field, and this gives the programme an excellent reputation and a high level of credibility. Andrea Suarez Cardenas, Student on the MSc in Consumer Affairs programme Career profile A consumer affairs specialism gives graduates the skills to fill a position as manager of customer care and consumer affairs in a company or business organisation, or as manager/researcher in a consumer agency or organisation. masters.au.dk/ca

4 MSc in Consumer Affairs Consumer protection and empowerment 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES ELECTIVE COURSES SPECIALISATION COURSES Research Methods Electives at AU or at other universities European Consumer Policy Marketing in Context EURECA European Consumer Law Economics of Strategy AU Summer University Consumer Affairs and Sustainability THESIS Economic Psychology Issue Management and Sustainability Business Ethics Social Marketing 30 ects 30 ects 30 ects 30 ects masters.au.dk/ca

5 Media, communication and information MA in Corporate Communication Strategic management of communication processes The MA in Corporate Communication provides the qualifications needed for effective corporate communication at strategic and operational level. Required courses The following courses are required in the first two semesters: Corporate Communication provides insights into strategic corporate communication from external, internal and integrated perspectives, and aims to coordinate such communication in private- and public-sector companies, organisations and institutions. Topics include corporate branding, value-based communication, communications planning, change communication, and crisis communication. Strategic Management of Organisations in a Communicative Perspective provides you with the fundamental insight into classical and critical approaches to strategic management in a communicative perspective. You will learn to develop, implement and evaluate corporate strategy with particular reference to managing communication processes. Corporate Communication in Change and Crisis Situations provides a fundamental knowledge of central concepts, models and theories, as well as practical tools relating to strategic work in the fields of change management/communication and crisis management/communication in private and public companies, organisations or institutions. Scientific Methods provides skills in selecting and applying scientific methods in relation to data collection, analyses, assessments and measurement of communicative phenomena. The main focus of the course is on qualitative methods, but specific relevant quantitative methods are also introduced. Stakeholder Relations provides insights into stakeholder management and stakeholder mapping. The course develops competencies in adapting corporate communication to the needs and expectations of differing stakeholders, with the aim of establishing strategic stakeholder relations. Topics include stakeholder models, issues management, and stakeholder dialogue. In the third semester, students choose to do an internship or to take courses within one of the following four teaching-track profiles: marketing communication and public relations; global communication in a corporate perspective; HR communication; or political communication. All of these courses take place at University. On the project track, students participate in an internship of at least 12 weeks duration, either in Denmark or abroad. The project track must be of immediate relevance to the Master s programme. Students are responsible for organising their own internships with a company, organisation or institution. I chose the MA in Corporate Communication because it gave me the chance to get a flexible Master's degree in Communications, coupled with AU s special international emphasis. I work as Communications Officer at the Danish Ministry for Children and Education, and the skills I acquired in assessing the organisation s environment, stakeholders, target groups and issues are invaluable in my job for creating content for internal and external media. Thomas Bech Hansen, MA in Corporate Communication Communications Officer at the Danish Ministry for Children and Education In the fourth semester, students write their Master s thesis. The topic for the final thesis is chosen freely, but must be approved by the student s academic advisor. Career profile Graduates in Corporate Communication readily find work in both national and international companies and organisations as strategic employees at management level. Relevant positions typically focus on communication, public relations or corporate branding. Alternatively, graduates may be employed in a marketing division, in which they may assume full responsibility for planning strategic communication with internal and external stakeholders. masters.au.dk/corporatecommunication

6 Media, communication and information MA in Corporate Communication Strategic management of communication processes 1 st semester 2 nd semester 3 rd semester 4 th semester Corporate Communication Corporate Communication in Change and Crisis Situations Profiles: Marketing Communication and Public Relations Strategic Management of Organisations in a Communicative Perspective Stakeholder Relations Global Communication in a Corporate Perspective Scientific Methods Electives e.g. CSR HRM Investor Relations HR Communication THESIS Political Communication (INTERNSHIP) 30 ects 30 ects 30 ects 30 ects masters.au.dk/corporatecommunication

7 social sciences, politics and economics MSc in Economics and Management In the company of Nobel Laureates As CEO of CompanyMobile, owned by Denmark s largest telecom operator TDC, I am responsible for all business activities in the company. In my position it is crucial to understand the full range of business activities, right from product development to key account management, and I draw on my knowledge of economics, sales and marketing all the time. I feel that my MSc in Economics and Management gave me a solid foundation which allows me to continuously improve my skills. esben kolind Laustrup, MSc in Economics and Management, Chief Executive Officer, CompanyMobile The two-year Economics and Management MSc programme gives students an in-depth familiarity with a range of economics and management disciplines. The programme is flexibly structured so that students can specialise in a specific subject or combine economics and management courses. Graduates in high demand Economics and management graduates are in high demand. Many graduates hold top executive positions in the corporate world (in financial institutions and consulting firms) or management advisory positions in the public sector (in ministries and local authorities). In the company of Nobel Laureates Students on the programme are based at the Department of Economics and Business, renowned for its high academic standards. The department engages in close collaboration with many leading international researchers, including Nobel Laureate Dale T. Mortensen. The department s outstanding research environment includes the Center for Research in Econometric Analysis of Time Series (CREATES), where Nobel Laureate Robert F. Engle serves as a member of the advisory board. International diversity The academic environment at the department is characterised by international diversity: more than one-third both of faculty members and of the PhD students have an international background. The international atmosphere provides the basis for an enriched and exciting student life. Personal academic profile The degree programme allows students to create a personal academic profile, either within one or across several of the following fields: finance, accounting, macroeconomics, microeconomics, econometrics and economics of business. A variety of courses are offered, including projectbased courses. There is a progression from introductory courses to more advanced levels, which ensures students academic development. The department offers about 30 elective courses each semester at Master s level. masters.au.dk/economics

8 social sciences, politics and economics MSc in Economics and Management In the company of Nobel Laureates 1 st semester 2 nd semester 3 rd semester 4 th semester Electives Electives Electives THESIS 30 ects 30 ects 30 ects 30 ects masters.au.dk/economics

9 MSc in Finance Understanding the complexity of global financial markets The MSc in Finance programme is a general university degree programme in finance which provides students with thorough knowledge of and competency in this field. The programme has a clearly defined structure with a focus on global finance that makes it relevant for all international students. The global financial markets are highly developed and integrated, and as a consequence of this complexity and sophistication, there is an increasing demand for graduates with a degree in finance at the highest level. Our aim is to prepare our students for making financial decisions. This ability requires excellent analytical skills and a talent for embracing all relevant data. Many financial decisions are based on statistical and mathematical models, and it is therefore an advantage for students to be familiar with such models before embarking on the programme. REQUIRED courses The following courses are required in the first semester: Portfolio Theory and Investment Analysis; Fixed Income Securities; Corporate Finance; and Applied Econometric Methods. Specialisation courses More specialised courses in the second semester include: Bank Management and Pension Economy: Focuses on the financial system and the role of banks and insurance companies in the capital market. The financial regulation of markets and institutions is also integrated into the courses. The main aim of the courses is to provide students with insight into the management tasks that banks, mortgage credit institutions and insurance companies face. Financial Engineering: Financial derivatives such as forwards, futures, swaps and options are increasingly important instruments applied by agents of financial markets. The course focuses on describing and understanding these instruments, and on the underlying markets such as money markets, bond markets, stock, currency and commodity markets. Empirical Finance: Contemporary financial economics is quite often based on empirical investigation. This course introduces many different methods of analysing financial data. Among the many models are event studies, models to analyse the term structure of interest rates, and ARCH and GARCH models. In the third semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. I have always been interested in maths and numbers in general and liked the idea of studying and having a future job within this area of interest. My years of study at Business and Social Sciences particularly improved my analytical abilities. People and Culture is the Vestas corporate HR department that supports all HR processes in the Vestas value chain. We work with tasks and projects that focus on a broad spectrum of HR data analyses. We are supporting both strategic and tactical management decisions by providing analyses and facts that enable quality in decision-making. The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile Graduates of the programme can expect to make a career in financial institutions, regulatory bodies, consulting firms or finance departments in non-financial companies, both in Denmark and abroad. The degree programme also provides an excellent basis for a subsequent PhD programme. Thomas Øyvind Lehmann, MSc in Finance, Director of Analytics, Vestas People & Culture masters.au.dk/finance

10 MSc in Finance Understanding the complexity of global financial markets 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES SPECIALISATION COURSES ELECTIVE COURSES Corporate Finance Bank Management and Pension Economy Internship Portfolio Theory and Investment Analysis Financial Engineering AU Summer University THESIS Applied Econometric Methods Empirical Finance Study abroad Fixed Income Securities Electives at AU 30 ects 30 ects 30 ects 30 ects masters.au.dk/finance

11 MSc in Finance and International Business International economic perspective I work as a management consultant in PwC Consulting in our Stavanger office. In my job, I advise companies within the fields of financial effectiveness, business process optimisation and strategy implementation. The MSc in Finance and International Business and the combination of finance and managerial economics in particular was a brilliant match for the position I recently applied for. I have used both specific academic skills from my Master s but also, and more importantly, the structured approach to problem-solving. Kaspar Højvig, MSc in Finance and International Business, Senior Associate, PwC Consulting, Stavanger The MSc in Finance and International Business programme not only provides the professional qualifications for strategic decision-making in difficult and complex financial matters, but provides experience and competency in acting in an international context. It was recently ranked by the Financial Times as one of the world s best international MSc programmes. REQUIRED courses The following courses are required in the first semester: Corporate Finance; Internationalisation of the Firm; Applied Econometric Methods; and International Business Methods. Specialisation courses More specialist courses in the second semester include: International Financial Accounting I focuses on financial reporting requirements in international environments. An understanding of international business depends on theoretically grounded but pragmatic knowledge of the international requirements facing corporations in terms of reporting their financial performance and financial position. International Financial Accounting II develops an understanding of the relevance of accounting information for decision-making and for the reliability and quality of accounting statements. In Strategy and Management Accounting, elements of strategy formulation and strategic management accounting are discussed and analysed. Advanced Corporate Finance studies corporate finance in the context of asymmetrical information and agency. Traditional agency theory and asymmetrical information are used to revisit capital structure, dividend and capital budgeting policies. The focus is also on the role of governance systems under various ownership structures. International Business Finance: The multinational firm is confronted with the task of operating internationally. This necessitates an understanding of the markets for products, factors of production and financial assets. Operating internationally poses unique risks one of which is fluctuating exchange rates. More generally, the global integration of money and capital markets implies opportunities as well as challenges, both of which have to be considered by the multinational firm. In the third semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile An MSc degree in Finance and International Business will equip graduates for functions such as manager of foreign subsidiaries, expert on mergers and acquisitions, financial manager, international controller, corporate restructuring expert, international business strategist, business entrepreneur, treasurer. The international aspect of the programme is, of course, an ideal basis for a career in the international business community. masters.au.dk/financeandinternationalbusiness

12 MSc in Finance and International Business International economic perspective 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES SPECIALISATION COURSES ELECTIVE COURSES Corporate Finance International Financial Accounting Internship Internationalisation of the Firm Strategy and Management Accounting AU Summer University THESIS Applied Econometric Methods Advanced Corporate Finance Study abroad International Business Methods International Business Finance Electives at AU 30 ects 30 ects 30 ects 30 ects masters.au.dk/financeandinternationalbusiness

13 MSc in Information Management IT in business Students will learn to participate creatively in the management of information resources and information technology (IT). They will learn how to utilise IT to make businesses, as well as their services and products, more attractive and competitive, and how to create and manage new IT systems that support business goals and strategies. REQUIRED courses The following courses are required in the first semester: Introduction to Information Systems Management exposes students to the managerial challenges created by the use of information and communication technologies in organisations. Organisational Theory shows how various theories and models within the fields of organisational theory may individually and in combination provide an expedient approach to creating an understanding of organisations as both structure and behaviour. IS Development and Implementation in a Business Context focuses on IS development and implementation in a business context. It focuses on the challenges that we face in practice and how to cope with the complexities. IS Philosophy of Science and Research introduces four perspectives positivist, interpretive, critical, and pragmatic and their underlying assumptions concerning the generation of scientific knowledge in IS research and its impact on our lives. Specialisation courses More specialised courses in the second semester include: Project Management: The aim of the course is to provide the student with knowledge about central topics related to working in projects. The course discusses several project types and relates tools, techniques and project management behaviour to different types of projects. IS Enterprise Architecture: This course introduces the students to strategic and technological aspects of Enterprise Architecture. IS Enterprise Architecture is one of today s best performing tools to enable long-term strategic advantage. IS Strategy and Management: The aim of this course is to provide the students with an understanding of IS strategic management, and of how IT resources can be managed within organisations in order to create long business opportunities and benefits. In the third semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. I chose to take the MSc in Information Management because I wanted to help businesses incorporate IT as much as possible into their daily work to gain a competitive advantage. I was driven by the fact that IT can support almost all work processes, and if you use it right, you can end up being the best company within your industry. Today, I m working as IT strategy consultant in Accenture, helping large Danish companies to design IT application landscapes, processes and organisations that suit their business drivers the best way possible. Jonas Frank Johannesen, MSc in Information Management, IT Strategy Consultant, Accenture The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile The specialisation in Information Management opens up a wide range of job opportunities and gives the qualifications to take up positions such as: manager of IT functions in a company responsibility for business innovation and development through IT consultant for and in companies business project manager combining logistics, sales and finance with IT masters.au.dk/informationmanagement

14 MSc in Information Management IT in business 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES SPECIALISATION COURSES ELECTIVE COURSES Introduction to Information Systems Management IS Enterprise Architecture Internship IS Development and Implementation in a Business Context Project Management AU Summer University THESIS Organisational Theory IS Strategy and Management Study abroad IS Philosophy of Science and Research Electives at AU 30 ects 30 ects 30 ects 30 ects masters.au.dk/informationmanagement

15 MSc in Innovation Management Imperative for both private and public sector Innovation has become imperative for most private firms, but it is also increasingly vital in the public sector. As a result, competencies in innovation management are regarded as core by CEOs and governments alike. REQUIRED courses The following courses are required in the first semester: Research Methods; Entrepreneurship: Shaping Entrepreneurial Thinking; and New Product Development Clinic. Specialisation courses More specialised courses in the second semester include: Managing Intellectual Property aims to develop an understanding of how intellectual property rights, particularly patents, can be used as tools for technology development. A short introduction to the history and theory of patents is followed by a study of the use of patents as tools of technology development. The course also considers evidence in support of the theory that patents are used to control and block downstream innovation. Organising for Innovation aims to develop an understanding of the internal perspective and context of innovation. This course focuses on the activities of innovation and how to organise effectively for them. Emphasis is on learning, applying and adapting various frameworks designed to capture and explain the nature of innovation and its management. Open and User-Driven Innovation: Shorter product lifecycles and the increasing technological complexity of new products and services force firms to open up their innovation processes to external sources of innovation. The learning objective of this course is therefore to enable students to understand which relevant sources of innovation exist outside firms, and how firms can systematically use these external sources as leverage for new product development and to enhance their innovative capability. In the third semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile The MSc in Innovation Management programme provides students with the competencies and skills to take up managerial positions in both production companies and consulting firms, working specifically with planning and implementation of innovation strategies; creation and advancement of innovative processes; and development of new businesses. I work for Innovation Lab, an innovation consultancy and thinktank, where I head the project department and basically help larger companies and public institutions with developing their products and their organisations. Projects range from giving talks to management on trends and innovation, to actually doing product development with the companies. Besides that, I manage the project portfolio and a group of great people, while spending a lot of time thinking about how we can develop our own business. From the MSc in Innovation Management, I have developed some unique skills for quickly interpreting situations and seeing how we can improve them. More specifically, I believe I have a great overview of innovation tools, and I have learned that being successful at innovation is rarely a matter of ideas, but of execution - it s hard work and you need to get your hands dirty! Anders Sahl, MSc in Innovation Management, Head of Projects at Innovation Lab In large companies, graduates function as champions of innovation by bridging the gap between R&D, production and sales activities, thereby supporting and shaping the company s innovation culture. In small and medium-sized companies, graduates act as entrepreneurs, combining technological know-how with in-depth business understanding. masters.au.dk/innovationmanagement

16 MSc in Innovation Management Imperative for both private and public sector 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES Research Methods SPECIALISATION COURSES Managing Intellectual Property ELECTIVE COURSES Internship Entrepreneurship Organising for Innovation AU Summer University THESIS New Product Development Clinic Shaping Entrepreneurial Thinking Open and User-Driven Innovation Study abroad Electives at AU 30 ects 30 ects 30 ects 30 ects masters.au.dk/innovationmanagement

17 MSc in International Business Facing the challenges of globalisation I really enjoyed being in an international environment where everyone had different backgrounds and came from different cultures. It means that you re learning new things all the time, and it has given me a broader mindset to better understand other cultures. I would like to stay in Denmark because the working conditions are good, the jobs are interesting and the pay is good. This degree gives me an excellent opportunity to get a good job also in the long term because Denmark has a very good reputation. Daniel Vega Villar, Former student on the MSc in International Business programme, from Spain The focus of the courses offered on the MSc in International Business programme is the internationalisation of businesses and related international activities. Internationalisation is a major driving force in both sourcing and selling today. A wide set of globalisation modes are available, from simple exports to foreign direct investment or participation in cross-border networks. The MSc in International Business programme looks at the challenges of globalisation and at ways of handling them. Key concepts are business development and the control of foreign operations. REQUIRED courses The following courses are required in the first semester: Applied Business Research Methods; Emerging Market: Institutions and Challenges; and The Emergence of Global Enterprises. Specialisation courses More specialised courses in the second semester include: Organising and Managing the Multinational Corporation focuses on the special organisational and management issues and challenges faced by the modern multinational corporation in the age of global competition, emerging markets, and changes in the international division of labour. Global Sourcing Strategies concerns the strategic aspects of sourcing in contemporary globalisation, the initiation of sourcing decisions, modes of sourcing, the management and development of sourcing operations, and how these activities affect the overall international development of a company. Intercultural Competence looks at the importance of cultural differences in a company s international operations and related managerial problems. Human Resource Management and Development provides fundamental theoretical and practical insights into and an understanding of the field of Human Resource Management (HRM) the dynamic interplay between people, jobs and organisations. The course aims to train students to identify and understand various HRM issues and dilemmas within the field, and also in various forms of organisations. The course will also deal with international HRM. In the third semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile The degree programme aims to provide students with the competencies required to take part in decision-making processes, both in companies with extensive international commitments and in public institutions. There are several career paths: Danish and international businesses; the Danish Ministry of Foreign Affairs, for example as an employee at embassies, consulates-general and other international representative offices; and international service companies offering consultancy services to businesses. masters.au.dk/internationalbusiness

18 MSc in International Business Facing the challenges of globalisation 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES SPECIALISATION COURSES ELECTIVE COURSES Applied Business Research Methods Organising and Managing the Multinational Corporation Internship Emerging Market Institutions and Challenges Global Sourcing Strategies AU Summer University THESIS The Emergence of Global Enterprises Intercultural Competence Study abroad Human Resource Management and Development Electives at AU 30 ects 30 ects 30 ects 30 ects masters.au.dk/internationalbusiness

19 MSc in International Economic Consulting Sound economic analyses and feasibility studies What are the total costs and benefits of building a new airport in Berlin? Should farmers in Bangladesh receive direct financial support, or just price guarantees? How many cars will need a parking space in Copenhagen in 2020? Which pipelines should be built to secure the EU s future gas supply? These and many other problems have spurred a steadily growing demand for international economic consulting services because of their increasing complexity, their position at the borderline between economics and management, and their placement in international contexts. Large multinational corporations, regional and national policy-makers, international organisations such as the World Bank, the EU and the OECD and a growing number of non-profit interest groups require sound economic analyses and feasibility studies for an impressive range of issues and industrial sectors. REQUIRED courses The following are required courses in the first semester: Introductory Methods in Economic Consulting; Advanced Methods in Economic Consulting; Advanced Industrial Economics; Organisational Economics and Strategy; and Cost-Benefit Analysis. Specialisation courses More specialised courses in the second semester include: International Economic Integration provides a broad understanding of the forces and effects of globalisation through technological and policy changes. Developing and Emerging Economies: The world s growing wealth is distributed unevenly. This is a central challenge for policy-makers and a field of growing demand for informed economic advice. We focus on the opportunities and conditions for economic growth in developing and emerging economies, and acquire an understanding of the underlying economic mechanisms. Applied Economic Consulting: Would it be a good idea to attract the Olympics to Denmark? This and many other questions come down to economics. What is the total impact, what are the costs and benefits, how do you forecast primary and secondary effects? This course simulates the entire process surrounding a real-world economic consulting problem, including an introduction to various project-management tools. In the third semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes in Denmark or abroad. I wanted to study something that would help me understand applied economics instead of just theory, and the classes here are much more practical than what I m used to. I like that very much. In the second semester, we had to form consulting groups whilst the professors acted as clients. The exercise was very good, because we got down to basics and you really found out what you needed to do and what you needed to know in order to work as a consultant in real life. Today, the exercise is done with real companies, which is even better. Meghna Katoch, Former student on the MSc in International Economic Consulting programme, from India The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile Graduates of the International Economic Consulting programme enjoy many career opportunities. They find work as consultants in international consulting companies; as analysts in regional and national governments; as consultants in international organisations and development agencies; as economists with non-profit organisations; as economists or analysts with multinational companies; and in banks or industrial interest groups. masters.au.dk/internationaleconomicconsulting

20 MSc in International Economic Consulting Sound economic analyses and feasibility studies 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES SPECIALISATION COURSES ELECTIVE COURSES Introductory Methods in Economic Consulting International Economic Integration Internship Advanced Industrial Economics Organisational Economics and Strategy Developing and Emerging Economies Applied Economic Consulting AU Summer University Study abroad THESIS Cost-Benefit Analysis Electives at AU Advanced Methods in Economic Consulting 30 ects 30 ects 30 ects 30 ects masters.au.dk/internationaleconomicconsulting

21 MSc in Logistics and Supply Chain Management Planning and controlling a company s activities At AU, there seemed to be a fantastic atmosphere with a lot of interesting people. I instantly felt that this was the place for me. I had visited several universities in Denmark, but this was simply the first place I felt at home. The reason I chose to study logistics was the strong link between quantitative sciences and soft management ideas. I had no doubt that the importance of the science of logistics would grow in importance in future. I now work as a manager for the Forecasting Department in the Market & Operations Development area in the LEGO Group. I have the demand focus in our global Sales & Operations (S&OP), and develop model-based forecasting projects. I also lead a small team of analysts and manage the development of the SAP SCM (APO DP) system. Lauge Valentin, MSc in Logistics and Supply Chain Management Manager (Global Forecasting), LEGO Group Logistics is fundamentally a matter of planning and directing the activities of a company in order to ensure that the right product is delivered in the right quantities to the right customer at the right time and at the right price. Furthermore, it is not enough just to be a good planner it is also important to understand how to put various business processes in place with a view to supporting an effective supply chain. The programme provides you with in-depth knowledge of methods for planning and controlling flows of goods and information in a supply chain. This includes a solid understanding of how to develop the necessary ITbased tools and how to design a strategy for supply chain management. REQUIRED courses The following courses are required in the first semester: Research Methods in Logistics; Advanced Excel; Production Planning and Control; Supply Chain Management: Strategy and Design; Optimisation Methods; and Simulation: Modelling and Analysis. Specialisation courses More specialised courses in the second semester include: Demand Management introduces tools for forecasting and understanding the relationship between forecasts and planning within a company. Global Sourcing Strategies concerns the strategic aspects of sourcing in contemporary globalisation, the initiation of sourcing decisions, modes of sourcing, the management and development of sourcing operations, and how these activities affect the overall international development of a company. Inventory Control: Students gain a solid understanding of issues concerning allocation and dimensioning of inventories in a supply chain. Distribution and Transportation focuses on how to solve practical logistical problems within the fields of transport and distribution planning. Supply Chain Performance Management looks at how decision-making units in a supply chain can track their strategic focus while making sure that operations are lean and agile. Project Management with Accounting Perspectives explores qualitative and quantitative issues regarding the management of projects. In the third semester, students can choose elective courses in their areas of interest. These can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile A typical first job for a graduate with an MSc degree in Logistics and Supply Chain Management is related to a specific analysis of logistical performance, or the implementation of new logistical solutions. One possible career path is to start out as a logistics analyst, progress to a project manager position and eventually to an executive position with overall responsibility for business development. masters.au.dk/logisticsandsupplychainmanagement

22 MSc in Logistics and Supply Chain Management Planning and controlling a company s activities 1 st semester 2 nd semester 3 rd semester 4 th semester REQUIRED COURSES Research Methods in Logistics SPECIALISATION COURSES Demand Management ELECTIVE COURSES Internship Advanced Excel Inventory Control AU Summer University Simulation: Modelling and Analysis Global Sourcing Strategies Study abroad THESIS Optimisation Methods Distribution and Transportation Electives at AU Production Planning and Control Supply Chain Performance Management Supply Chain Management: Strategy and Design Project Management with Accounting Perspectives 30 ects 30 ects 30 ects 30 ects masters.au.dk/logisticsandsupplychainmanagement

23 MSc in Management Accounting and Control A fundamental aspect of business administration Management accounting is one of the most fundamental aspects of business administration. This programme covers both management accounting techniques and their application in production companies, service industries, and the public sector. The programme emphasises the role of the management accountant and how this role can be performed, both in a local setting and in an international context. REQUIRED courses in the first semester Foundations of Management Accounting Research; Cost Management Concepts, Perspectives and Practices; Production Planning and Control; Strategy and Management Accounting; Advanced Excel; and Accounting Information Systems. Specialisation courses in the second semester Planning and Budgeting plays a central role in planning and structuring the strategies of organisations. Budgeting coordinates the strategies and business units of organisations. It is used as a tool for structuring and creating guidelines for activities as well as allocating resources and responsibilities. Management Control:Performance Management plays an increasingly important role in all types of organisations. It comprises both performance measurement techniques and approaches which can be adopted in using these techniques to exercise control, e.g. result control, action control, interactive control, and personnel and social control. International Financial Accounting I provides an intermediate-level understanding of international financial accounting and the ability to comply with the requirements for recognition in annual reports. International Financial Accounting II develops an understanding of the relevance of accounting information for decision-making, and of the reliability and quality of accounting statements. Project Management with Accounting Perspectives: Projects undertaken by management accountants and controllers assist a company in achieving specific objectives in line with its overall goals and objectives. Business Models provides students with tools enabling them to identify an organisation s current situation. With this identification, you should be able to define future-oriented solutions and growth opportunities following the implementation of strategy and reporting tools. In the third semester, students can choose elective courses in their areas of interest. The courses can be taken either at University during the semester, at the AU Summer University, or at one of more than 140 partner universities abroad. Students can also participate in internship programmes, either in Denmark or abroad. The fourth semester is devoted to the final thesis. Students may choose their thesis topic freely and thus have the chance to concentrate on and specialise in a specific field of interest. Career profile As corporate financial data and financial management are becoming increasingly decentralised, it has become even more important for controllers to find and process relevant information in a qualified way. Analytical and communication skills and a sound knowledge of various IT systems (Excel, SAP etc.) are essential in a broad range of jobs. I work as a management consultant at Deloitte Consulting. My work is project-based and focuses on the finance function within larger companies. I provide consultancy for various companies in optimising financial processes and procedures. As a result, my work days may be very different depending on what project I am working on. Sometimes I work at Deloitte Consulting, sometimes at the companies where I provide consultancy. Luise Riisgaard Møller MSc in Management Accounting Control Management Consultant, Deloitte Consulting masters.au.dk/managementaccountingandcontrol