Tailor your learning with electives
You will choose seven electives from across a range of subjects, giving you the opportunity to advance your knowledge and expertise across those areas that will benefit your career. All of these electives will be shared with other Master’s and MBA students, giving you a fantastic opportunity to expand your network outside of your Master’s programme, and benefit from working alongside students with a wide breadth of experience, knowledge and skills.
This one week online module provides you with the opportunity to apply and test the knowledge and skills you have acquired during the programme, by participating in a sophisticated business simulation developed by a leading provider of business simulations and business games. The simulation imitates the real world business experience of running a major company in a competitive environment. The Business Simulation will show you how to put the management “pieces” together. You will use what you have learned in previous courses for a real objective – learning how to run a business profitably.
Clean Tech Investment
Shared elective with MBA
This module takes an in-depth look at rapidly evolving global energy markets with a specific focus on low-carbon and renewable energy technologies.
Climate Change and Business Strategy
Shared elective with MBA
Given the importance that climate change is going to have in shaping both the policy and business environment for the decades to come, this elective has been designed to give students the tools to analyse different situations, understand the links between different issues, and have a perspective from a variety of sectors. You will develop a scientific knowledge of climate change and the technologies and policies it relates to, hear from corporates to understand the risks and opportunities it presents for business, and explore the importance of entrepreneurship and innovation in climate change solutions and adaptation.
Consulting Project (equivalent to two elective modules)
The Consulting Project (equivalent to two elective modules) will contribute to the development of your managerial potential by explaining and applying problem-solving techniques in complex and challenging business situations. The focus is on developing your skills in managing a real consulting project from inception to completion, drawing on the knowledge and skills achieved in other modules of the MSc International Management programme. The module will give you the opportunity to experience and operate in a real world situation.
Corporate Governance and Stewardship
Shared elective with Finance Master's programmes
The objective of the module is threefold. First, to give students an introduction to current corporate governance practice. The main issues in corporate governance and stewardship that are discussed among policymakers, corporations, investors and scholars from law, finance and economics will also be covered. The topics will be discussed from an international comparative perspective. Second, to familiarize students with analytical tools used by corporate governance analysts. Third, to illustrate how practical corporate governance and stewardship challenges, like crises, mismanagement or activist shareholder interventions can be addressed and resolved.
The course will introduce some basic economic concepts and tools for analysing the interplay of conflicting interests of management, the board, different types of shareholders and other interested parties; in particular, agency theory and the economics of financial contracting. Empirical tools include event study analyses, regression discontinuity design (RDD) and metrics of firm performance (Q, returns, etc.).
In this module you will explore consumer psychology and how consumer behaviour can be shaped. The module examines consumer psychology theories and current findings to learn how to apply these to develop marketing techniques that cut through the noise, shape or alter consumer behaviour, and help build and sustain consumer loyalty.
Recent development in Internet, digital media and social networks have greatly reshaped consumers' behaviors in information consumption, entertainment and communication. Consequently, marketing activities and strategies need to evolve with and adapt to the growing presence of online consumer behaviors. This module teaches you the current approaches to conducting marketing activities online, as well as at least basic understanding of the underlying technology.
Digital Transformation: Leading Real-World Change
This module deals with the major issues faced by companies when addressing digital transformation. Digital transformation is about much more than understanding the role of data and information – it is about managing new forms of strategic alliances – enacted and enabled by technologies. This module provides real-world examples and the chance to hear first-hand from global business leaders about the challenges and opportunities of digital transformation.
Emerging Technologies in Marketing
Emerging technologies such as Virtual Reality, Augmented Reality, Artificial Intelligence and the Internet of Things offer businesses the unique opportunity to differentiate in a highly competitive brand market by creating immersive experiences for their customers and becoming influencer in their industry. This module will give an overview of the current trends and technologies that are likely to affect the marketing world and delve into tools and techniques that can be used to utilise them within the core development of strategic marketing of the business.
This module provides you with an understanding of the principal challenges facing energy businesses in the modern world, and how you should respond to them. It aims to ask whether, and how, business can provide secure supplies of energy at a reasonable cost to consumers with minimal damage to the environment while still making a profit.
This one week block module is designed to help current and emerging leaders and owners of family business understand the special challenges of Family Enterprises and manage the strategic and personal challenges that are ever present in this form of business entity. Through a series of lectures, case studies, activities, interactive presentations and discussions with a number of visiting family business owners sharing their experiences, you will have a rich experience in understanding the “how to” and the “how not to” of Family Enterprise.
Effective business strategy begins with a clear understanding of the strategic context. This module gives you that “big picture”, geopolitical context. It also offers you a unique toolkit to deal with the geopolitical surprises – “black swans”- of the future (black swans like Brexit, COVID and negative oil prices). Strategy frameworks that everyone else knows and perspectives formed by attention-grabbing media won’t give you an edge; understanding the geopolitical forces driving business, governments and societies will.
Global Immersion (international elective)
The Global Immersion will give you a chance to experience first-hand the social and cultural dynamics of business in another country. The tour will consist of a number of visits to different companies across a range of industry sectors, as well as social and cultural activities.
Please note, this module requires you to pay additional costs.
*Subject to COVID-19 travel restrictions
Shared elective with MSc Economics & Strategy for Business
This module explores strategy within a global context. It explores the differences between international strategy and global strategy with an examination of the macro and micro drivers of globalisation. Our focus is on the impact of globalisation, taking account of the strategic implications for organisations as well as the economic consequences at national level for governments.
Idea SMARTCamp focuses on teaching practical methods and skills that help aspiring intrapreneurs to build business cases that challenge the companies they work for and inspire them to extend their current businesses to adjacent markets and technologies.
We focus on how to develop compelling business cases, i.e. rationales why a business should be built, and on how to marshal sufficient resources for building robust venture structures that allow pursuing that business case but also adjust the start-up activities if necessary.
This SMARTCamp is primarily aimed at growth-oriented and ambitious future intrapreneurs. You may come with an idea for an innovative product or service (for your company or even for starting your own company) or you can team up with idea owners to then further develop that idea. The SMARTCamp emphasises aspiration, willingness to learn and dedication to process.
This module explores the brave new world of social innovation and how businesses can tackle social problems through social innovation. While achieving business success and creating social welfare have often been seen as oppositional, a new generation is challenging this by trying to use business as a force for good. These social innovators tackle social problems in two main ways: by becoming social entrepreneurs who lead social enterprises (businesses that seek to fulfill a social mission), or by becoming social intrapreneurs who seek to achieve social change within the for-profit firms that employ them. Through this module you will be equipped with the tools to become a social innovator.
Management of Mergers and Acquisitions
This module aims at providing theoretical and applied insights into the field of corporate mergers, acquisitions and restructurings from an international and strategic perspective.
Management, Strategy and Innovation in Fintech
This one week block elective navigates the fintech competitive landscape and outlines corresponding management strategies for firms to deal with the fintech innovation. You will learn how new entrants to the financial sector devise entrepreneurial strategies to enhance the efficiency and effectiveness of traditional financial services by leveraging cutting edge technologies such as blockchain, Big Data and artificial intelligence (AI), as well as discussing how industry incumbents respond to the competition by integrating innovation at various levels such as technology licensing, joint venture, or merger and acquisition.
Marketing Analytics (Online)
Today’s marketing is not just an art; it requires the use of data and quantitative approaches to support marketing strategies in rapidly changing offline and online environments. This module will equip you with the skills to evaluate marketing strategies by measuring effectiveness and profit generation. You will develop a complex understanding of how to derive insights from data using models and tools, including digital analytics tools for web and social media, and advertising and campaign metrics.
Taking a very hands-on approach with real datasets and cases, you will learn how best to apply these analytical techniques to effectively understand customer needs. The goal is not to be a statistician, but to equip you with analytical thinking and a set of applied quantitative marketing skills so that you are best prepared to succeed in the workplace.
Market Research (Online)
Market research is vital to making informed decisions and formulating effective marketing plans. This module examines problem formulation, research design, data collection, data analysis, and interpretation of market research results. You will gain the practical skills to design, analyse, interpret and critically evaluate market research studies. This is an important skill for an integrated marketing strategy – market research complements marketing analytics and big data analytics to help solve business problems.
Operations Management (online)
Shared elective with Global Online MBA
Operations management plans and coordinates all activities in the process of producing and delivering the products (goods and services). Matching supply with demand is one of the most critical steps toward effective operations management for firms. In this module, we will explore how firms can better organise their operations so that they more effectively align their supply with the demand for their products and services.
This module will cover a mix of qualitative and quantitative problems and issues confronting operations managers. The first part of the module details different kinds of business processes, the impact of variability on business processes, and explains how to measure key process parameters like capacity and lead time. The second part of the module focusses on process improvement and examines classic ideas in quality management as well as recent ideas on lean operations. The module concludes with a brief introduction to inventory management with applications in revenue management.
Private Equity (online)
This elective examines the role of private equity financing as a type of financing, and the critical issues that the parties (investors, banks, managers, entrepreneurs/shareholders) involved in a transaction will face during the investment process and their negotiations. Topics covered include fundamental analysis, applications and models related to private equity professionals, management and the entrepreneurs.
The purpose of this module is to provide a strong theoretical framework, practical applications and tools to Business School students interested in private equity finance and investments covering the topics of Raising Equity and Debt Finance, Growth Capital Finance, LBO Finance, Distress, Project & Infrastructure Finance. Through this module, students will learn about the PE market and new trends, finance instruments and structures, the applications of these tools in companies’ acquisitions, the role of the investment banks or the private equity funds in the equity and debt-raising process, the financial and legal structuring and the valuation process executing an investment, risk and returns analysis.
Success in both entrepreneurship and innovation depends on the successful execution at project level. This module will focus on the processes of project selection, assessing and managing project teams, stage gate processes and project evaluation.
Risk Management for Corporate and Financial Institutions
This module offers a holistic and in depth review of main risks as key determinants of the stability and safety of the overall economic system and of the profitability and value creation of corporates and financial institutions.
Strategic Sales Management
This one week block module provides you with an understanding of how buyers make buying decisions and how to organise seller activities to stay aligned with these expectations during the buying process. You will learn how to organise the sales function within a company, as well as understanding how to manage the organisation of sales and put the correct metrics in place to manage this function.
Automation and globalisation have profoundly changed manufacturing industries, displacing many jobs and creating turmoil. Until now, service operations were considered relatively safe, but this is soon set to change. We are seeing the beginnings of profound changes in the design and operation of service industries.
This module will concentrate on the management of services for efficiency and quality using big data and analytics. We will cover modern service design and include topics such as the use of automation and sensors to achieve efficiency and total quality. Data on customer reviews, complaints provide valuable information on improving service. Such data can be analysed using modern machine learning tools and procedures.
The Social Project (equivalent to two elective modules) aims to contribute to the development of your managerial potential by applying problem solving techniques to a challenging practical working environment with a social impact focus. The emphasis is on developing your skills in understanding social problems and performing real business analyses and tasks, drawing on the knowledge and skills achieved in other modules of the programme. You can either choose to carry out a work placement within organisations such as social enterprises, not-for-profit organisations and foundations or to consult for them.
If you opt to take the Social Project module you will need to find your own project. The project should be for one month or longer and can be held at a UK-based or international organisation.
Strategy and Innovation in Digital Business
The aim of the module is provide you with an understanding of how to launch and manage digital businesses, including online platforms. We will discuss how business opportunities arise from the pervasive use of information and communication technologies, and how strategies and business models can be devised to exploit these opportunities. This module will deepen your knowledge of economic, strategy, innovation and entrepreneurship concepts by applying them to the particular context of digital business.
Sustainability and Competitive Advantage: Rethinking Value Creation
Shared elective with MBA
This module will address the topic of sustainability from a strategic perspective, with a particular emphasis on decision-making and trade-offs. The class will be involved in an engaging debate that will cover different perspectives on the topics discussed, including the economic, environmental and social perspectives. At the end, you will have a comprehensive understanding of sustainability issues, the relevance for policy makers, the role of corporations and the implications for decision-making.
The Economics of Information and Intellectual Property
Information, especially digital information, is different in many ways from other goods and services. Yet information is still subject to the laws of economics, and can be protected as intellectual property. The purpose of this module is to explore some of the economics of information and the different intellectual property approaches to protecting information.
Venture Capital and Growth Finance
Shared elective with MSc Innovation, Entrepreneurship & Management
This module covers the ways that growth-oriented ventures secure the financial resources they need and how they develop capabilities to outperform their competitions and internationalise. The module will help you understand the success factors of high growth ventures before and after their initial public offering (IPO).
Work Placement (equivalent to two elective modules)
This module (worth two elective modules) aims to contribute to the development of your managerial potential by applying problem solving techniques to a challenging business situation in which you are fully immersed. The focus is on developing your skills in managing real business tasks in one specific business context, drawing on the knowledge and skills achieved in other modules of the MSc International Management programme. The module will give you the opportunity to experience and operate in a real world corporate situation.
If you opt to take the Work Placement module you will need to find your own placement. The work placement should be for one month or longer and can be held at a UK-based or international company or organisation.
Electives at partner universities
You will also have the chance to expand your international experience further by applying to take modules at one of our global partner universities. Each university has its own specialism allowing you to tailor your CV to your specific career aspirations.
Our global partner universities are:
Aalto University School of Business
ESC Rennes School of Business
- ESCP Europe
- ESSEC Business School (France & Singapore)
- HEC Business School (Paris)
HHL Leipzig Graduate School of Management
NHH Norwegian School of Economics
NUS Business School, National University of Singapore (NUS)
Rotterdam School of Management, Erasmus University (RSM)
Technical University of Munich (TUM)
The Chinese University of Hong Kong (CUHK)
Universidad ESAN (ESAN)
*Subject to Covid-19 travel restrictions
Not all combinations of electives may be possible. Electives available and module outlines are subject to change. Imperial College Business School reserves the right to alter modules whenever they need to be amended or improved. Faculty may also change as and when required.