Skip to main content

MSc Innovation Management & Entrepreneurship

Watch our video Visit us at an Open Day
  • Delivery:
    Full time according to Funding Council definitions

MSc Innovation Management & Entrepreneurship will give you insights and practical experience in the issues facing new business ventures and renewing established businesses through fostering creativity, design, and new ways of thinking. It builds theoretical knowledge alongside core business skills, needed to start new enterprises and transform existing ones through innovations in product, process or business models.

The course will build core knowledge, raised to new levels by highlighting networks and relationships needed for collaborative work in increasingly international markets for goods and services. You'll then be able to select from a range of options to focus your learning and then execute a major practical exercise to help launch your new careers.

Interested in studying this course part-time? Enquire now.

Key information

Next start date:

September 2018, January 2019


Bournemouth University, Lansdowne Campus


September: 1 year full-time. January: 16 months full-time

Required subjects:

All subjects considered

Entry requirements:

A Bachelors Honours degree with 2:2 in any subject, or equivalent. If English is not your first language you'll need IELTS 6.0 (Academic) or above. For more information see our full entry requirements.

Course details

Core units

  • Managing People: The concepts and practice of management and leadership in the changing nature of international work and business. You'll take an evaluative approach to exploring these areas in a range of organisational scenarios. This will help you develop a range of conceptual and practical managerial tools.
  • Marketing & Strategy: Explore and analyse this premise: in order to be successful, organisations must have a good understanding of their customers’ requirements and achieve organisational objectives by satisfying their customers’ needs and wants. You'll look at marketing against the backdrop of corporate strategy development, and establish links between the two activities.
  • International Accounting & Analysis: You'll learn about the principals involved in producing financial statements, outline the theoretical and regulatory framework financial accounting operates in and offer techniques for analysing corporate financial reporting.
  • Business Models, Resources & Intellectual Property: The role of the business model, the resources it needs and the value of intangible resources including intellectual property are central to developing entrepreneurial businesses. This is especially true of those with a high level of innovative products, processes, creativity and design. You'll appreciate the concerns raised and offer tools to help the entrepreneur or the business manager evaluate appropriate business models, and how to store and protect the resources that matter most to their fulfilment.
  • Project – Entrepreneurship in Practice OR Innovation in Practice: An opportunity to show your innovation and entrepreneurial skills through 'real-life' projects, focusing on a problem or opportunity situation of your choice. You'll have the opportunity to undertake optional work experience as part of your Dissertation unit, subject to you finding appropriate experience. This experience can be used to inform your dissertation.

Option units (choose two)

  • Venture Capital & Growth Finance: The theories of finance, focusing on issues for early-stage businesses along with government grants, business angels, private equity and investment banks up to an initial public offering. You'll look at the implications of taking on outside finance for board decision-making, corporate reporting and disclosure.
  • Managing Innovation, Creativity & Design: Explore and manage ideas in a variety of business contexts. You'll develop your understanding of innovation, creativity and design, and techniques for recognising, evaluating and supporting creative thinking and behaviour. You'll also review experiences of innovative organisations to identify the causes, challenges and consequences of innovation and ways to manage these, and build confidence in making innovative work through experiential problem-based learning.
  • Selling, Relationships & Customer Service: In early-stage businesses, the top line is often the most important. Selling is essential, and it’s perhaps the most virtuous of occupations in business. Serving the customers you've convinced to buy your product or service is a close second. In the increasingly collaborative ways of working that dominate innovative and early-stage businesses, establishing and nurturing relationships with suppliers, customers and other forms of business partners often lies at the heart of business success. You'll explore these themes and generate theoretical and practical knowledge of selling, relationships and customer service.
  • The Entrepreneurial Mind: Entrepreneurs are born. Can they be made? Is entrepreneurship a characteristic of a person, or a description of the relationship between an individual, other individuals and the resources and capabilities at their disposal? You'll examine the practice of entrepreneurs and entrepreneurship and explore the way that entrepreneurs think and act.

Please note that option units require minimum numbers in order to run and may only be available on a semester by semester basis. They may also change from year to year.

Programme specification

Programme specifications provide definitive records of the University's taught degrees in line with Quality Assurance Agency requirements. Every taught course leading to a BU Award has a programme specification which describes its aims, structure, content and learning outcomes, plus the teaching, learning and assessment methods used.

Download the programme specification for MSc Innovation Management and Entrepreneurship (pdf 911kb).

Whilst every effort is made to ensure the accuracy of the programme specification, the information is liable to change to take advantage of exciting new approaches to teaching and learning as well as developments in industry. If you have been unable to locate the programme specification for the course you are interested in, it will be available as soon as the latest version is ready. Alternatively please contact us for assistance.

Selection criteria

Background and experience

For Innovation Management & Entrepreneurship we are looking for applicants who:

  • Demonstrate a passion for entrepreneurship and innovation
  • Are interested in practical applications of management theories
  • Are interested in developing creative solutions to social and business problems
  • Can work independently but also enjoy building teams and working collaboratively.

This conversion course has a special focus on innovation and entrepreneurship, while also providing a grounding in the core business functions of strategic management, marketing, human resource management, and finance and accounting. We are looking for students who have a keen interest in either becoming entrepreneurs and innovators or working in a role supporting entrepreneurship, small business management and innovation. Developing new ideas to solve problems, and practical plans to implement them, lies at the heart of this course.

Selection methods

This course selects candidates by looking at their applications. There are no interviews or additional selection activities and therefore we suggest that you make your application stand out from the crowd. For more information, take a look at our post graduate how to apply pages.

Full entry requirements

The normal requirements for embarking upon a postgraduate taught degree are:

  • A Bachelors Honours degree with 2:2 in any subject or equivalent.

If you lack the formal academic qualifications needed to enter a postgraduate or post-experience degree, there are several alternative routes to follow - some based on experience. Contact the Future Students Enquiry Team for more information.

International entry requirements

If English is not your first language, you will need to provide evidence that you can understand English to a satisfactory level. English language requirements for this course are normally:

  • IELTS (Academic) 6.0 with a minimum of 5.5 in each component of writing, speaking, listening and reading, or equivalent.

View further information about our English language requirements.

A number of pre-sessional English and preparatory programmes are offered through our partner institution, Bournemouth University International College, and will get you ready for study at BU at the appropriate level.

You can also find further details of the international qualifications we accept, and what level of study they apply to, on our postgraduate entry requirements page.


This course will give you real insight and experience into the issues facing new business ventures. Having an in-depth understanding of the key business skills needed to start enterprises is key for getting ahead in the industry, and this is something you'll learn through this course.

Some of our Innovation Management & Entrepreneurship graduates are now undertaking roles such as:

  • Accounts assistant
  • Assistant buyer
  • Business management Trainee
  • Coordination officer
  • Financial consultant.

Industries worked in

  • Business
  • Finance
  • Management
  • Media
  • Human resources.

Further study

If you want to continue your studies after achieving your Master's, you can look into our range of doctoral programmes.

*The above are taken from Destination of Leavers from Higher Education (DLHE) and BU institutional data.

Our lecturers

Our staff are actively engaged in research and professional practice in the business sector which is integrated into the teaching of this course. Find out more about some of the staff and their research activities who will be teaching on this course below.

Dr Firend Alan Rasch

Framework leader for Master's degrees in Management

Dr Firend Alan Rasch started his career as an investment banker in California's Silicon Valley. He was a senior management consultant advising U.S. Fortune 500 companies and also a co-founder of a start-up. Firend was a director of programmes in Korea and Bosnia; and lectured in USA, Korea, Qatar, Dubai and Malaysia. Firend is an expert in South-East Asia region. His research interests include entrepreneurship, consumer behaviour, branding and contemporary issues in international business. 

Dr Péter Erdélyi

Programme Leader for MSc Innovation Management and Entrepreneurship

Dr Péter Erdélyi is a Senior Lecturer in Strategy and Marketing in the Department of Leadership, Strategy and Organisations. He holds a PhD from the London School of Economics and Political Science and an MBA from IESE Business School. Péter has over 20 years of higher education teaching experience acquired in Slovakia, Taiwan, the USA, and the UK. He has also worked on various finance, technology, and marketing-related projects at Goldman Sachs, Ford Motor Company, NIKE, and with a number of micro-enterprises in e-commerce and entrepreneurial education.

No hidden extras

As a student at BU we will provide many things to support you and there will also be additional costs you may encounter whilst studying at BU. The information below will help you understand our provision and what you need to budget for.

What you can expect from us

All of your teaching and assessments are included in your tuition fees, including, lectures/guest lectures and tutorials, seminars, laboratory sessions and specialist teaching facilities. You will also have access to a wide range of support and services.

  • One set of study-related consumables such as a memory stick/ DVD
  • Materials for laboratory and field-based teaching activity
  • Support for placements (UK or abroad) and fieldwork, and non-financial support whilst on placement
  • A range of student services – advisors, help desks, counsellors, placement support and careers service
  • The Library – access to a wide range of electronic resources (databases, e-journals and e-books), print and multimedia collections, subject librarians and study spaces
  • IT labs (some open 24/7), wireless network, AV equipment to borrow
  • Peer Assisted Learning (PAL) scheme
  • Disability and additional learning support
  • The BU Language Centre to help you develop/improve foreign or English language skills
  • 24 hours a day, 365 days a year security team.

Costs of living and other expenses you need to consider

  • Accommodation and living costs: view our price guide
  • Text books: remember that our award-winning library is stocked with a large range of text books for all courses, as well as online resources such as industry journals, free of charge
  • General stationery and other supplies such as print and presentation materials: the Students’ Union shops stock a wide range of stationery supplies on both campuses
  • Travel to, from and between BU campuses: our bus service operates in the local areas offering a subsidised travel rate; we also have a large number of secure bike storage compounds
  • SportBU membership: check out our student membership packages, sports events, varsity teams, information about our new facilities and more on the SportBU webpages
  • Optional fieldwork travel, outdoor wear and footwear (where applicable)
  • Telephone and travel costs incurred when undertaking interviews for coursework/securing placements.
  • A fee will be payable towards the cost of an Educational Psychology Assessment if this is required in connection with additional learning support. BU pays for approximately two-thirds of the cost of this assessment for UK students. For more details and current pricing please visit the students section of the website.

Repeat units

If you need to repeat one or more units during the course of your studies (with or without attendance) you may be required to pay additional fees equivalent to one ninth of the tuition fee per 20 credit unit.

Financial help available from BU

We offer a range of scholarships and bursaries to students who are beginning their studies at BU. Our website also provides details on living costs, budgeting and paying your tuition fees.

What our graduates think

Benjamin Burkard

I can recommend the course to anybody who wants to set up a business from scratch. I really liked the open and keen debate atmosphere in all the classes.

Hear from our staff

Chris Chapleo

There’s an energy about BU that can be difficult to define. You’ve got a fantastic combination of industry links, world-leading research and courses.

What our students say

Ceren Ortatepe

I have learnt how companies introduce innovation and how enterprises set up new business. When I graduate I can work in a wide range of industries or use my knowledge to set up my own business.

Additional information

Simon Phelps

Career development

Read about career and development opportunities and discover how gaining industry experience could help you.

Purbeck House common room

International students

We have a strong international student community. Find all the practical advice and information you need here.