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MSc Entrepreneurship and Innovation

Why we're great

  • Develop the practical skills necessary to start your own business
  • We explore the entrepreneurial issues high on the agenda of the world’s businesses, policy-makers and researchers
  • You can choose to complete a business plan instead of a dissertation

Course options2017-18

Duration: 1 year
Start month: October
Location: Southend Campus
Based in: Essex Business School
Fee (Home/EU): £10,200
Fee (International): £15,950
Fees will increase for each academic year of study.
PGT fees information

Duration: 2 years
Start month: October
Location: Southend Campus
Based in: Essex Business School
Fee (Home/EU): £5,100
Fee (International): £7,975
Fees will increase for each academic year of study.
PGT fees information

Course enquiries

Telephone 01206 872719
Email pgadmit@essex.ac.uk

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About the course

How do we achieve economic prosperity, regional growth and social transformation?

Our MSc Entrepreneurship and Innovation is taught at Essex Business School, ranked in the UK’s top 20 by the Chartered Association of Business Schools. It uses innovative and interactive teaching, such as group working and applied projects, to develop your practical business knowledge and employability skills. We hone your entrepreneurial spirit, so you can have the capabilities and confidence to launch your own venture, manage your family business or introduce innovative ideas to improve performance at existing organisations.

This course explores the entrepreneurial issues and challenges high on the agendas of businesses, governments, policy-makers, researchers, educators and wider communities across the world.

You explore topics including:

  • economic, sociological, psychological and managerial theories of enterprise creation theories and practices of entrepreneurship
  • entrepreneurship skills
  • strategic innovation management
  • new venture development
  • how to prepare a business plan

Essex is one of the most entrepreneurial counties in the UK and an exciting place to do business. At Essex Business School, we teach you to take control of your career and create ideas, products and services with real value. Our current Masters students join us from more than 40 countries and our international team of academics help you gain a global understanding of business in established and developing markets, so you can have the best foundation for your career.

Guest lectures give you access to practitioners and policy makers, who share real-world experiences to prepare you to tackle the challenges facing entrepreneurs and SMEs today. Instead of a dissertation, you can opt to complete a comprehensive business plan for your new venture or an existing business, giving you the opportunity to gain valuable feedback on your ideas from academics and industry practitioners.

Our MSc Entrepreneurship and Innovation is also available to study part-time and you don't need to have previously studied business to enrol onto this course.

A number of scholarships and discounts are available for Masters study at the University of Essex, including those for overseas applicants. Postgraduate loans for Masters courses are now available from the Student Loans Company, worth up to £10,000, for students from the UK and EU.

"My Masters gave me the opportunity to put theory into practice, through group projects and assignments like the business report. It gave me the confidence to become a freelance consultant, helping businesses identify new opportunities and develop strategies to gain an advantage in their industry. Working for an agency, I now use this experience to translate brands’ objectives into digital strategies that grow their businesses and generate a better marketing ROI.”

Miguel Enrique Lopez Cedeno, Digital Marketing Executive at Coast Digital and Entrepreneurship and Innovation graduate 2013.

Our expert staff

Our expert staff have world-class research reputations, with their work placing us in the top 25 in the UK for research excellence (REF 2014). They’re at the forefront of real-world entrepreneurial issues, ensuring you experience the very latest teaching and thinking to prepare you for the modern business world.

Our entrepreneurship academics are active members of the School’s Management Science and Entrepreneurship Group, which carries our cutting-edge research into issues affecting the sustainable growth of business, society and the economy. Many of our team are also part of the national Business and Local Government Data Research Centre, which is based at Essex Business School and carries out research into issues impacting entrepreneurship and innovation, such as local economic growth and access to broadband.

Specialist facilities

This course is offered at our Southend Campus, just an hour’s train ride from London and its ample networking and internship opportunities.

Essex Business School in Southend provides excellent facilities for learning and socialising, including the award-winning new building The Forum. This learning-hub features 24-hour computer suites and study pods. You can also access initiatives to develop your study skills.

You benefit from the convenience of a town-centre campus, with a variety of shops, restaurants and bars. Southend-on-Sea is famous for its award-winning beaches and seaside amusements, including a theme park and miniature golf, so you can be sure of a vibrant social life.

Your future

With a Masters degree from a UK top 20 business school (Chartered Association of Business Schools), you can have an excellent foundation for your future career. In 2015, 78% of our postgraduate taught students were in work or further study (DLHE).

This course is particularly relevant to careers in:

  • government and other policy-making institutions
  • non-governmental or community-based organisations
  • those who want to start and grow their own business
  • those who want to take over management of or work for their family business

Read our graduate profiles to see some of the organisations our students now work for.

Whether you’re seeking employment, or want to start your own entrepreneurial venture, we support you along the way. In addition to the School’s dedicated employability services, we work with the University’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.

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Example structure

Postgraduate study is the chance to take your education to the next level. The combination of compulsory and optional modules means our courses help you develop extensive knowledge in your chosen discipline, whilst providing plenty of freedom to pursue your own interests. Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

For many of our courses you’ll have a wide range of optional modules to choose from – those listed in this example structure are, in many instances, just a selection of those available. Our Programme Specification gives more detail about the structure available to our current postgraduate students, including details of all optional modules.

Year 1

This module equips you with a critical understanding of a range of economic, sociological, psychological and managerial theories of enterprise creation and development. Live examples, case studies and journal articles show how these theories apply in practice to real business situations. Working in groups and individually, you have the opportunity to suggest strategies for responding to the issues raised in these case studies. Topics include new business creation, innovative growth and the impact of entrepreneurship on economic and social development.

An effective business plan will successfully map out key details of the business venture that the entrepreneur and managers can refer to throughout the businesses development, and evoke the confidence and attention of potential financiers. You develop a business plan to start a new business operation, to expand an existing business operation, to raise finance, generate new market opportunities and/or implement other business goals. You can opt to take this module instead of a dissertation.

This module helps you to identify and understand the main business functions that can support an entrepreneur when determining whether there is sufficient opportunity to launch a new venture.  You acquire the critical, transferable and practical skills required to create or manage a new or entrepreneurial organisation. You explore how new businesses are developed and managed, including spin-offs from large firms and social enterprises, and learn how to identify new business opportunities. Topics include: idea generation; the development of business models; networking; marketing; finance; human resource management; customer relationship management and driving growth.

This module explores how organisations use innovation to gain a competitive advantage by capitalising on organisational, market and technological change. You examine how innovation strategies are developed and managed and acquire the knowledge and skills needed to manage innovation at operational and strategic levels.

Gain the key skills and competencies to carry out management research or prepare a comprehensive business plan, suitable for the completion of a Masters level programme. You address the philosophical issues underlying management research, and discover how to select methods and judge the quality and value of research outcomes.

Matching the ability to supply a product or service with customer demand is vital for any organisation. Excess supply can lead to wastage and increased costs, but too little can irritate customers and result in lost revenue. Supply chain management is a complex and challenging task, but, done right, it can create significant competitive advantage. This module explores how organisations manage their product range and operations to best align supply with demand in a global environment, categorised by expanding product variety, increasing outsourcing, and continuous advances in business analytics. You explore areas such as industry competition, resource allocation, organisational learning and competitive dynamics.

Develop the skills and knowledge necessary to manage product development projects in an international business environment, with particular focus on product design methodologies and project management techniques. You explore the hard side of managing global product development projects and the soft issues such as idea generation/selection and teamwork that must be dealt with in order to ensure success of the product development projects.

Managerial Economics applies economic theory to business management, decision making and forward planning. This module explores how economic concepts, such as profit, demand, cost, pricing production, competition and business cycles, can be used to solve business problems.

Develop your critical understanding of the strategic and functional aspects of international marketing activities of firms of varying sizes and industries. You explore the roles of external and internal environments against key international marketing decisions such as modes of foreign market entry and market selection, or the design and implementation of marketing mix approaches at the international level.

Teaching

We use interactive and innovative teaching techniques to foster your transferable employability skills:

  • tailor the content of your course to more closely fit your interests and aspirations
  • learn through a combination of group working, applied projects and guest practitioner lectures courses focus on practical applications and links with industry
  • we run an open seminar series, giving you access to cutting-edge research from leading academics
  • our lecturers embed the latest research into their teaching, so your education is relevant to real-world entrepreneurial challenges

Assessment

  • Regular assessment is by coursework, presentations, case studies, group work, tests and examinations

Dissertation

  • You submit a 15,000 word dissertation or comprehensive business plan

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Qualifications

UK entry requirements

A 1st, 2:1 or good 2:2 degree, or equivalent, in any discipline.

International and EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Email pgadmit@essex.ac.uk for further details about the qualifications we accept. Include information in your email about the undergraduate qualification you have already completed or are currently taking.

IELTS entry requirements

If English isn’t your first language, we require IELTS 6.5 overall with a minimum component score of 5.5

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

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Applying

You can apply for our postgraduate courses online. You’ll need to provide us with your academic qualifications, as well as supporting documents such as transcripts, English language qualifications and certificates. You can find a list of necessary documents online, but please note we won’t be able to process your application until we have everything we need.

There is no application deadline but we recommend that you apply before 1 July for our taught courses starting in October. We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.

Visit us

Open days

We hold postgraduate events in February/March and November, and open days for all our applicants throughout the year. Our Southend Campus events are a great way to find out more about studying at Essex, and give you the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

If the dates of our organised events aren’t suitable for you, feel free to get in touch by emailing southend@essex.ac.uk and we’ll arrange an individual campus tour for you.

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Southend Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

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