Innsbruck University School of Management

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1 Innsbruck University School of Management New Master Programs 2007 / 2008

2 Tirol Werbung Tirol Werbung Tirol Werbung Content Welcome to the Innsbruck University School of Management... Page 04 Living in the Heart of the Alps Page 05 Innsbruck University School of Management... Page 06 New Master Programs... Page 07 Organization Studies... Page 09 Strategic Management... Page 10 Accounting, Auditing and Taxation... Page 11 Banking and Finance... Page 12 Information Systems... Page 13 Facts & Figures... Page 14 Imprint Edited by Innsbruck University School of Management Concept & Realisation: Ulla Fuerlinger / Innsbruck University School of Management Ines Mair / Public Relations Titelphoto: Universität Innsbruck Innsbruck, Mai 2007

3 Franco Coccagna

4 Franco Coccagna Franco Coccagna Welcome to the Innsbruck University School of Management In its development plan, the University of Innsbruck has defined the strategic goal of expanding and strengthening its existing position as a leading international research university. The School of Management sees it as an obligation to the University, its staff members, the region of Tirol and especially its students to contribute to this objective as widely as possible. Three key research areas (Accounting Theory and Research; Organization Studies; Strategic Leadership Branding Innovation) and two additional research fields (Banking and Finance; Information Systems) form the basis for a total of five high-profile, internationally networked and research-based Master Programs. Excellent research staff, the intensive co-operation with high-ranking, primarily European universities and the systematic integration of colleagues from all over the world as visiting staff ensure high-quality education. There is a special emphasis on co-operating with business enterprises and not-for-profit organisations. On the one hand, this is to ensure that the programs are oriented towards business practices, and on the other, to improve graduates career chances. Despite a certain degree of program specialisation, after their graduation students will be qualified for a wide range of occupations. Students will find excellent study conditions at the Innsbruck University School of Management: the open structure of our modern faculty building symbolises mental openness and innovative thinking; the modern technical equipment and appropriate use of e-learning are an expression of our orientation towards the future. Small student groups (max. 30 people) and innovative forms of teaching and learning promote the dialogue and the co-operation between teaching staff and students. There is hardly any room here for hierarchical differences; students are not seen as consumers but as co-producers. The central educational objectives in all programs are > disseminating excellent know-how and methodological knowledge > promoting orientation knowledge, self-reflection and developing the students judgment abilities with respect to subject matter and ethical questions, > deepening social and communicative competencies. In addition to subject matter, personal, and infrastructural benefits, the University of Innsbruck and the School of Management have another unique asset: its location in one of Europe s most beautiful regions, in a vibrant cultural city with numerous sports and leisure possibilities in the close vicinity. Here, work and study can be combined with personal interests in an ideal way. South Tirol and Northern Italy, Switzerland, Liechtenstein, Southern Germany and other Austrian regions are within easy reach and offer a wealth of possibilities to students with an interest in history, culture and nature. As the Dean of the Innsbruck School of Management, I would like to invite you to take a closer look at our study programs. If you are searching for innovative, demanding and internationally acknowledged courses of study in the areas of Accounting, Auditing and Taxation*, Banking and Finance*, Information Systems*, Organization Studies or Strategic Management, I m sure that our programs are an excellent choice for you. I m looking forward to welcoming you as a student at the School of Management in fall! Mai 2007 Prof. Stephan Laske, Dean (The * asterisk indicates that these programs will be offered as of 1 October 2008) 4

5 Franco Coccagna Living in the Heart of the Alps Innsbruck and Tirol Tirol has always been a popular destination for tourists. The capital city, Innsbruck, with its 130,000 inhabitants is surrounded by a picturesque panorama of mountain peaks and has often been said to have the highest quality of life of any Austrian state capital. In particular, its abundant leisure opportunities make Innsbruck, a city with many faces, so very attractive. Innsbruck the university city Over the past years the number of students attending the two Universities of Innsbruck has grown steadily, and today students comprise over one fourth of Innsbruck s population of 130,000. As the center of intellectual life, the Universities not only shape the city s image but also give Innsbruck a youthful flair by attracting those hungry to learn from all parts of Tirol, the rest of Austria, and from around the world. In 2002 the Faculty of Medicine was separated from the other faculties and established as a University of its own. Innsbruck the sport city The name Innsbruck has been synonymous with winter sports since it hosted the Winter Olympics in 1964 and The city and its surrounding areas offer almost unlimited opportunities for sports and athletic pursuits all year round, because the countryside is ideal for modern sports like snowboarding, mountain biking, rafting, and paragliding. Those who desire less strenuous or adventuresome sports can also find what they want in the mountains of Tirol or at the University s sports facilities. Innsbruck the culture city Innsbruck s cultural tradition, historically supported by royal patrons of the arts, continues with the Tyrolean State Theater, creative cultural happenings and events like the Ambras Castle Concerts or the International Festival Weeks of Early Music. As a popular venue for conventions and trade shows, it attracts many visitors, including well-known artists and musicians. Thanks to the evergrowing number of young people and the young-at-heart, Innsbruck has developed an interesting scene over the past years. This has resulted in a number of cultural initiatives, theater groups and, of course, a good number of student hang-outs and cafés. From classical music to techno - there s something for everyone in Innsbruck. Today, with nearly 30,000 students, it is a place of learning that combines tradition and the future, progress and the joy of discovery. The University of Innsbruck with its 15 faculties and approximately 70 departments enjoys an excellent teacher-to-student ratio and successfully melds culture, nature and science. All of this provides students and instructors with a friendly environment for learning, teaching, and conducting research. Yesterday today tomorrow The University of Innsbruck s history goes back to the year 1562, when a Jesuit secondary school was founded in Innsbruck. Building on that, Emperor Leopold I founded a university on 15 October 1669, and ensured its continued funding by imposing a special tax on salt mined in Hall, known as the Hall Salt Surcharge. Eight years later, in 1677, the official charter was signed and four faculties of higher learning were established. The next 150 years saw turmoil and change. Twice the University was dissolved and then reopened. The year 1826 saw the final reopening of the Faculty of Philosophy and the Faculty of Law by Emperor Franz I. Step by step, the other faculties were reopened as well. The last two faculties were added in 1969, when classes began at the Faculty of Engineering and Architecture, and in 1976, when the Faculty of Social and Economic Sciences was separated from the Faculty of Law and Political Science and became a faculty in its own right. Over the past two decades, the University of Innsbruck has been able to take advantage of Austria s changing laws and is now well on its way to becoming a modern, service-oriented institution of higher education. The University is not rooted in a particular time but, rather, is committed to permanence and the future. 5

6 Innsbruck University School of Management The Innsbruck University School of Management at the University of Innsbruck was established on October 1, 2004 as one of the three successor faculties of the former Faculty of Social and Economic Sciences. It currently comprises five departments with a research and teaching staff of approximately 70, a Business Languages Unit, and approximately 20 administrative staff members. The Innsbruck University School of Management > builds its success on the excellent knowledge and skills of all faculty members for the upcoming development processes and > understands itself as a dynamic knowledge pool that gathers internationally available knowledge, expands it and makes it accessible in a regional context. The Faculty Members > are committed to ethical principles in research and teaching ( good academic practice ) and accept the central role of science for a progressing society in the sense of academic citizenship > conduct high-level academic research and maintain close contact with the international research community while simultaneously acknowledging their role within the regional context > design research-oriented study programmes that are intellectually challenging to teachers and students alike and integrate students as important co-producers > pursue methodological diversity by taking an approach to their research that integrates social and economic aspects. They cooperate with colleagues from other fields of research and develop their own approaches in basic and applied research in an interdisciplinary way > focus on quality in all of their activities > are committed to intra-faculty transparency and cooperation and are professionally oriented towards the University s core tasks. In pursuit of its general developement objectives, the Faculty will > intensify high-profile research within the framework of the already existing international networks and those to be built up in the future > design research-oriented study programmes, which are due to their subject, methodological and didactic profile also attractive for students beyond the regional or national context > systematically promote and facilitate the development of junior researchers > continue to improve the service to current and potential students > intensify communication with regional organizations > professionalise internal processes > foster a culture of dialogue within the faculty. 6

7 Franco Coccagna New Master Programs In the course of the transition to the Bologna System, the Innsbruck University School of Management has developed five entirely new Master Programs which will be introduced step by step within the next two years. On the following two pages, interested students can find the most important information and descriptions of basic requirements, application procedures, documents necessary for the application, the timetable as well as tuition and living costs that apply to all programs. Start in October 2007 Master Program: Organization Studies Master Program: Strategic Management Start in October 2008 Master Program: Accounting, Auditing and Taxation Master Program: Banking and Finance Master Program: Information Systems Practical Information Basic Requirements The basic requirement for admission to a Master Program is the completion of a Bachelor Program in Business or Economics or a comparable degree in Business Administration or in an associated field of study (with a minimum of 180 ECTS). All applicants are expected to have an advanced level of English proficiency. Applicants from Non-EEA (European Economic Area) countries must submit the results of an English test. We accept the TOEFL test with a minimum score of 100 (internet- based), 250 (computer-based) or 600 (paper-based), the IELTS test with a minimum score of 7.0 and The Cambridge Advanced Test taken no longer than three years before the application. Applicants who are native speakers from Australia, Canada, Ireland, New Zealand, the UK or the USA are exempt from this requirement. Application Procedure Applicants from EEA Member Countries Applicants from EEA member countries fulfilling the legal requirements will be given a place upon registration. Please keep in mind that the program starts on October 1st. Applicants from Non-EEA Member Countries International applicants from Non-EEA countries who fulfil the legal requirements on time will be eligible for the study program. Applications should be made by May 15 for the program starting in October. Applications are processed as they are received. An acknowledgement mail will be sent on receipt of your application file. Notification of the final decision (letter of admission) will be given by June 30. Applicants must ensure that they fulfil the formal legal residence permit requirements in Austria themselves. Please contact the Austrian representative authority in time. 7

8 Franco Coccagna Documents for Application The following documents may be sent in advance by postal service, in copy via fax, or as a scanned attachment via A bachelor diploma plus course book and transcript of another institution of higher education. Proof that all requirements have been met for the selected master program (or equivalent program) in the country issuing the bachelor diploma Should any documents be incomplete or missing, or further documents beneficial, you will be asked to submit these by a given deadline. By the latest at matriculation all required documents (certificates, diplomas, etc.) submitted for application have to be authenticated (and translated into English or German) by appropriate authorities in the country in which they were issued and by the local Austrian representative authority. Registration forms and further details (including information about authentication and residence permit) are available at > Students from other Master Programs of the Innsbruck University School of Management All elective modules in the fields of specialization are open to students from other Master Programs offered at the Innsbruck University School of Management, if sufficient space is available in the modules. Admission will be decided on an individual basis. > Students from International Partner Programs Admission of students from international partner programs to individual modules will be decided on a case-by-case basis depending on the courses the students have successfully completed at their home institutions and in view of available places. Application forms are available at Applications have to be presented at the latest by July 31 for the fall semester and by December 31 for the spring semester. Notification of the admission decision is given by September 30 and January 30 respectively. Timetable The program starts on October 1 once a year. The Fall semester runs from October 1 to January 31. The Spring semester starts on March 1 and ends on June 30. Estimated costs The tuition fee per semester is EUR 363,36 for students from EEA-member countries and EURO 726,72 for students from other countries. Estimated expenses Average expenses for accommodation and living in Innsbruck will be about EUR per month. 8

9 Tirol Werbung futureimagebank.com Organization Studies Profile Organizations are the fabric of social life. Whether we work in a company as managers, take part in a political movement, are members of an association, or just play football, we are parts of organizations. Organizations are vital actors in economic, cultural, and political spheres. They have a significant impact on people s lives and they influence the development of societies. The management of organizations is facing rapid and fundamental changes. Globalization, the knowledge society, privatization and deregulation, the impact of technologies and innovation, and new forms of labor are but some of the keywords that characterize these challenges. Responding to these challenges in an adaptive way is key to a wealthy future in economic and social terms. The Master Program Organization Studies qualifies students to take over responsibility in complex organizational settings. It is based on the Innsbruck University School of Management s research focus on Organization Studies and close co-operations with partners from leading international academic institutions, as well as companies and other organizations. Elements of reflexive learning offer students the opportunity to further enhance their personal, communicative and social skills. All courses are taught in English. Qualification profile The program aims at developing experts who feel at ease in complex organizational and interorganizational environments. After completing the program students shall be able to facilitate, design and develop processes of organizing and to act competently and skillfully in turbulent environments. The Master Program is hence the right choice for students who plan to develop their career in > management positions in which specific organizational competencies are required (human resource management and development, organization design, knowledge management, design of communication relationships to internal and external stakeholders, use of technology in organizations) or > specific organizational fields (management of non-profit-organizations, public organizations, associations and lobby organizations, or expert and knowledge-based organizations) or > the field of consulting Also, the Master Program provides an excellent basis for a further academic career, i.e. a PhD program that focuses on the broad field of organizational research. Academic Degree The degree Master of Science (abbreviation: M.Sc.) is awarded to students on successful completion of the entire program. Further details: Contact: master-orgstudies@uibk.ac.at 9

10 Tirol Werbung futureimagebank.com Strategic Management Profile Global competition in a growing number of product markets is increasingly turning positive differentiation from competitors into a precondition for survival for all kinds of organizations. Attractive differentiation from competitors can only be established and sustained by continual product, process and capability innovation as well as by carefully building and maintaining relationships with important stakeholders, i.e. branding. The innovation and branding capabilities of an organization depend on appropriate strategic leadership. Leadership style, management systems, socially accepted norms of behavior along with careful resource allocation processes further support and continually re-launch innovative thinking and actions. Strong relationships with external stakeholders largely depend on the leaders capability to serve as internal role models. Strategic leadership, therefore, is the driver and at the same time, the coordinator of an organization s innovation and branding processes. The Innsbruck University School of Management has designed the Master Program Strategic Management to respond to these challenges. The program focuses on the interrelationships between strategic leadership, innovation and branding. To foster a truly multi-cultural participant profile, the program is conducted in English. It is based on the Innsbruck University School of Management s research focus in the field of strategic leadership, innovation and branding as well as on the School s close relationships with national and international academic partner institutions, companies and non-profit organizations. Qualification profile The Master Program Strategic Management aims to train and develop creative, entrepreneurial personalities who feel at ease in diverse cultures. Participants enjoy co-operating with others, building and maintaining relationships, and creating and implementing valuable ideas within organizations or as products/services for other people. The Master Program qualifies its students for middle and higher-level management functions in any kind of profit or non-profit business organization. It provides a substantial part of the theoretical and practical foundations needed for jobs such as brand manager, international strategy researcher, marketing manager, destination manager, division or business unit manager, up to the level of vice president marketing or CEO. Because of its emphasis on project work, case studies, and emotional intelligence, the program also prepares students for assignments as management consultants. Academic Degree The degree Master of Science (abbreviation: M.Sc.) is awarded to students on successful completion of the entire program. Further details: Contact: master-stratman@uibk.ac.at 10

11 Tirol Werbung futureimagebank.com Accounting, Auditing and Taxation Profile Accounting, auditing, and management control systems are gaining more and more importance and are no longer confined to the area of corporations but penetrate the fields of public administration, educational institutions, and not-for-profit organizations. Accounting systems today are also shaped by global processes of standardization which influence local organizations. Moreover, the globalization of business implies new challenges in the fields of business taxation as well as auditing. The Master Program Accounting, Auditing and Taxation aims at developing competencies in the areas of managerial accounting and control, financial accounting, auditing, and business taxation. Though a certain specialization in either managerial accounting, auditing, or taxation is expected from students, the program is designed to provide an integrated view on accounting and taxation issues in organizations. In cooperation with the Innsbruck University School of Management s research focus on Accounting Theory and Research there is a specific emphasis on the social and organizational context of accounting. Qualification profile The program qualifies students for leading positions in the fields of managerial accounting and control, financial accounting, auditing, and tax management. This comprises positions in all kinds of corporations and not-for-profit organizations. Moreover, the Master Program may be useful in the preparation for becoming a professional in auditing and tax consultancy. The specific qualification profile provided by the Master Program Accounting, Auditing and Taxation comprises > a comprehensive coverage of the technical aspects of managerial accounting and control, financial accounting, auditing, and tax management; > a thorough theoretical basis allowing for the reflection of behavioral, social and organizational, and ethical implications of accounting, auditing, and tax-related practices; > an integrated view of managerial accounting and control, financial accounting, auditing, and business management which reflects its integration with other fields of the management of organizations. The Master Program also provides the basis for a further academic career, specifically for a PhD program. Academic Degree The degree Master of Science (abbreviation: M.Sc.) is awarded to students on successful completion of the entire program. Further details: Contact: master-accounting@uibk.ac.at 11

12 Tirol Werbung futureimagebank.com futureimagebank.com Banking and Finance Profile The financial services sector offers several challenging, fascinating and demanding fields of activity. In order to avail oneself of the opportunity of working in this sector, expert knowledge about institutions, structures and processes is indispensable. The Master Program Banking and Finance qualifies students for assuming demanding tasks in the financial services sector. Besides the examination of leading theories and concepts, which seek to prepare students for their professional experience, a major concern of this Master Program is to introduce students by seminars and a Master thesis to major fields of research at Innsbruck School of Management s Institute of Banking and Finance. Therefore, the Master Program Banking and Finance provides a scientific preparation for further PhD programs. High-quality mentoring is guaranteed by studying and working in small groups. All lectures are given in English. Qualification profile The Master Program Banking and Finance is aimed at equipping students with a broad knowledge and competence in the fields of problem solving and detailed analysis based on theoretical as well as methodical expertise. This competence qualifies students > to deal with scientific problems on their own, > to critically assess scientific knowledge, > to apply obtained findings to new research contexts, > to handle major problems in their practical field of activity in a scientifically sound and professional manner, > to apply their broad knowledge, which exceeds the area of Banking and Finance, to various professional fields, > to soundly reflect ethical as well as social consequences and premises of the application of their knowledge, > to take up further doctorate or PhD studies. Consequently, the Master Program Banking and Finance is the right choice for students who aim at assuming leading, targeting, analysing and consulting activities in the financial services sector, in particular, in private and public companies, administrative bodies or international institutions, (investment) banks, insurance companies and investment companies. This Master Program may also serve as an excellent basis for a further academic career. Academic Degree The degree Master of Science (abbreviation: M.Sc.) is awarded to students on successful completion of the entire program. Further details: Contact: master-bankingandfinance@uibk.ac.at 12

13 futureimagebank.com Information Systems Profile In a global economy, information technologies are core enablers of successful business models. A new generation of Internet companies has shown tremendous growth rates and has fundamentally changed the way businesses operate in many sectors. Information technologies have profoundly impacted businesses, organizations and society. This is reflected by terms such as e-business, e-government, agile organizations and knowledge society. Information systems (IS) have been characterized as the heart or the engine of business with a set of interrelated components that collect, retrieve, process, store, and distribute information to support decision making and control in any organization. Furthermore, information systems help managers and knowledge workers in efficient business processes, effective collaboration and improving existing or creating new business opportunities, products and services. In today s economy there is a growing interdependence between an organization s ability to creatively apply and manage information systems and its agility as well as ability to implement corporate strategies and to achieve corporate goals. The Master Program in Information Systems offers a blended mixture of management and computer science concepts, modelling skills and hands-on experiences in small groups applying leading-edge information technologies to real-world business opportunities. Typical challenges are the development, customizing and continuous improvement of enterprise systems, establishing information infrastructures for knowledge workers, horizontal, vertical, business process-oriented and inter-organizational integration or development of IT-oriented business models and strategies. Information systems are part of a series of value-adding activities for acquiring, transforming, and distributing information so that managers can improve their decision-making processes, and enhance organizational effectiveness as well as performance. A key asset of the Master Program in Information Systems is that it is jointly offered by experienced faculty in Information Systems, Management and Computer Science, integrating a business and a computer science perspective on information systems into the process of learning. Other key assets are work in small groups, international IS case studies, leading-edge labs for student projects and advanced technology-enhanced collaborative learning concepts. Qualification profile The Master Program in Information Systems qualifies students for leading positions applying IT in businesses and organizations, professional services companies and in the growing information and communication industry. The ultimate goal is to qualify students to take on IS leadership in their business environment. IS leadership means to give impulses, govern, manage and evaluate strategic activities in organizations which aim at the application of leading and innovative information and communication technologies in order to achieve competitive advantages. IS leadership also requires a level of interdisciplinary awareness of related fields such as management, personnel and organization, law and computer science. This interdisciplinary understanding together with conceptual, modelling and communication skills allow graduates to bridge the gap between functional departments and IT departments or external IT service providers. Graduates are qualified to professionally analyze the information and communication landscapes of organisations from an architectural, as well as process, service and value-oriented perspective. The Master Program provides an excellent basis for an IT-oriented, IT-enabled or consulting career as well as an academic career, a Ph.D. program in Information Systems. Academic Degree The degree Master of Science (abbreviation: M.Sc.) is awarded to students upon successful completion of the entire program. Further details: Contact: Master-IS@uibk.ac.at 13

14 futureimagebank.com Tirol Werbung futureimagebank.com Facts & Figures Currency The currency is the euro ( ). There are 100 cents to the euro. Banknotes come in denominations of 5, 10, 20, 50, 100, 200, and 500. There are coins to the value of 1 and 2 euro, and 1, 2, 5, 10, 20, and 50 cents. EuroCheques are no longer accepted in Austria. All major traveler checks and credit cards are widely accepted. Opening Hours Most shops are open Monday to Friday from 8 a.m. to 6 or 7:30 p.m. and on Saturday from 8 a.m. to 1 or 5 p.m. Some shops close for up to two hours at noon (except in big cities). In large tourist resorts, supermarkets are open 7 days a week. Banks are open Monday to Friday from 8 a.m. to 12:30 and from 1.30 to 3 p.m. (until 5 p.m. on Thursdays). Dining Restaurants serve an enticing variety of dishes for every taste and wallet. Menus include everything from traditional Tirolean meals to international dishes and lean cuisine. Typical Tirolean specialties include: Speckknödel (dumplings with bacon or cured ham), Gröstel (fried onions and potatoes with meat, ham and eggs), Tiroler Leber (veal or beef liver with onions, cured ham, lemon juice and wine). Hospital Treatment Out-patient treatment can be obtained in hospital casualty wards. For in-patient treatment, a doctor will normally refer you to a public hospital, where you must present an admission voucher provided by the doctor. In an emergency, give your passport to the hospital administration, which will then confirm with the Insurance Office that the costs of standard class treatment will be met. A small daily charge will be made for each of the first 28 days in hospital. If you are treated privately, whether at your own request or because of an emergency, you may be entitled to a refund from the Regional Health Insurance Office (amounts vary from hospital to hospital). For EEA nationals, an E111 is required. If you consult a private doctor, you may receive a refund for part of the costs but not for the private fee. Pharmacies: open Mon - Fri from 8 a.m. to noon and from 2 p.m. to 6 p.m., Sat from 8 a.m. to noon. A notice is put up at every pharmacy about night, weekend and holiday shifts. Holidays January 1: New Year s Day January 6: Epiphany March/April: Easter Monday May 1: Labor Day May/June: Ascension Day, Whit Monday, Corpus Christi August 15: Assumption October 26: Austrian National Day November 1: All Saints Day December 8: Immaculate Conception December 25: Christmas Day December 26: St. Stephen s Day Tips for skiers Tirol has a great variety of top-notch ski resorts. There are gentle pistes in picturesque surroundings to inspire any first-time skier as well as world-class slopes to satisfy even the extreme skiers heart. Some of the best resorts include Innsbruck and environs, Wipptal, Stubaital, Seefeld plateau, Mieming plateau, Ötztal Alps, Arlberg - Silvretta ˆ Oberinntal area, Außerfern, Unterinntal and its side valleys, Kaiser mountains, Kitzbühel Alps and East Tirol. Cross-country skiing is also extremely popular in Tirol. Beautiful tracks are offered in Seefeld, Mieming, Leutasch, Außerfern, Zillertal, Tuxertal, around the Kitzbühel Alps and the Kaiser mountain range. Skating and tobogganing are available in many resorts. All-year glacier skiing is available in Zillertal, Stubaital, Ötztal, Kaunertal and Pitztal. 14

15 Franco Coccagna 15

16 Franco Coccagna Innsbruck University School of Management Universitätsstraße Innsbruck / Austria Tel. +43 (0) 512 / Fax +43 (0) 512 / Dekanat-Betriebswirtschaft@uibk.ac.at

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