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Master's Degree Programme Mechanical Engineering and Business Economics

In successful technology companies, technical and business know-how go hand in hand. You will also find this recipe for success in the Master's degree programme in Mechanical Engineering and Business Economics: The programme combines state-of-the-art engineering sciences with contemporary management expertise. You will learn how to translate technical knowledge into entrepreneurial success, thereby opening up doors to stellar career opportunities.

Four young people with a model car and a camera

Quick Facts

  • Duration of study: 4 semesters
  • ECTS credit points: 120
  • Academic degree: "Diplom-Ingenieurin" or "Diplom-Ingenieur" ("Dipl.-Ing." or "DI"), equivalent to the Master of Science (MSc)
  • Language of instruction: German

The Master's Programme

Technology and economics are combined in a successful alliance in the Master's degree programme in Mechanical Engineering and Business Economics. The programme offers a broad basic education with areas of specialization in the fields of both technology and economics. The technical topics range from production technology to engine, vehicle and energy technology and even extend to mechatronics and numerical simulation. The economic topics provide a solid basis in corporate management and business model design, enabling you to work effectively with holistic management systems in technology.

Your qualifications:

  • You will deepen your knowledge in mechanical engineering and business economics and learn how to apply this knowledge in an interdisciplinary way.
  • You will combine technical skills with business expertise and social skills.
  • You will acquire knowledge in the areas of product development and planning, procurement, generation and production, as well as learn how to sell and market technological services.
  • You will apply modern mechanical engineering theories, principles and methods.
  • You will use critical thinking skills to analyse problems in the field of techno-economics.
  • You will independently carry out research and application-oriented projects.
  • You will write scientific reports.
  • You will present work results effectively, using state-of-the-art presentation techniques.
  • You will improve your social competence: Teamwork, team leadership and learning negotiation strategies are just a few examples.

When conducting your master's thesis work in the 4th semester, you will address an application-oriented problem. The international orientation of the programme is emphasized by the fact that numerous courses are taught in English.

Curriculum (in German)

Semester plan

     

Focus Areas

The subjects in the compulsory specialization areas in economics include: corporate management and organization, industrial management, innovation management, technology management and industrial marketing.

You will hone your business skills in elective modules that cover the entire spectrum of topics in applied economics, ranging from legal aspects to business modelling and controlling and on to production planning and business start-ups.

To support your technical education, you can choose an in-depth module from among the following disciplines of mechanical engineering: production engineering, energy technology, computational engineering, product development of mechatronic systems, engine and drive technology, automotive engineering and safety. 

Elective modules are also offered in the same subjects.

Isabella Grünbichler
Isabella Grünbichler, master's degree student in Mechanical Engineering and Business Economics

When I was in school, I didn't know exactly which degree programme I should choose after completing my school leaving examination. I was interested in many subjects. By taking part in the programme FIT – Women in Science and Technology, I became aware of the offers at TU Graz and finally decided to enter the bachelor's programme in Mechanical Engineering and Business Economics. In the meantime, I have advanced to the master's programme; I am very happy that I did not give up. Although I stumbled when trying to leap over some hurdles, I always got up and tried again.

Andreas Kohlweiss
Andreas Kohlweiss, graduate; PhD student in Technco-Economics and university assistant at TU Graz

Studying Mechanical Engineering and Business Economics was far more than a simple education in the subject. Today, I benefit the most from the problem-solving skills that I had to learn in order to be able to graduate from the degree programme. Because the programme allowed me access to the university institutes, I was able to participate in R&D projects and take part in teaching as a student assistant during my studies.

These positive experiences motivated me to pursue my current profession as a university assistant. Working with students and participating in university research offers me the extensive chances for personal development, which, in turn, makes the profession so interesting.

Collaborations and Networks

The Schumpeter Laboratory for Innovation offers students, start-ups, SMEs and large companies with a unique environment and sphere of activity in the form of a rapid prototyping workshop.

The Schumpeter Lab's "Design Lab" is accessible to students and companies, providing a location for workshops and networking events.

The LEAD Factory offers a real-world research and teaching environment, addressing topics such as lean management, energy efficiency, agility in production and digitalization.

And TU Graz's "Gründungsgarage" Start-up Garage gives innovative students the opportunity to turn their ideas into their own business. 

High-quality room infrastructure, such as that in the Case Study Room modelled on the Harvard Business School, offers students a unique teaching and learning environment where application-oriented management workshops, team-building events, training and education, meetings, or video conferences can be held with international research and industrial partners.

Admission

1. Admission Procedure

Graduates of the following bachelor's degree programmes are admitted without having to fulfil any further requirements: 

Graduates of other bachelor's degree programmes can obtain information and apply for admission by contacting studienservicenoSpam@tugraz.at.

2. Admission

 

Career Prospects

Professional Fields

Students of mechanical engineering often already work with companies that partner with TU Graz during their studies. This usually happens, for example, as part of the master's thesis work, whereby students have the chance to take part in cooperation projects with high-tech companies in the fields of mechanical and plant engineering or the automotive industry. This advantage gives you a special jump start that enables you to successfully begin your career.

As a construction manager with mechanical engineering expertise, you will be in professional demand in many industries, ranging from manufacturing and R&D-driven companies and even to banks and insurance companies.

You will work in supporting and managerial positions including:

  • in corporate management and corporate development,
  • in controlling and corporate planning,
  • in research & (product) development,
  • in innovation management,
  • in production and project management,
  • in technical purchasing and supply management,
  • in technology marketing and quality management,
  • in human resource management and personnel development,
  • in information management, or
  • in business consulting.