MSc Engineering Management

A versatile programme which prepares technical managers from different fields of engineering, science, computer science, and mathematics to effectively run complex technology-based operations and to promote entrepreneurial activities, and the formation of new business enterprises.


A teacher stands in front of a class

Engineering impacts every aspect of our technology-centred modern world. Each technology requires the careful planning and management of brilliant minds set at solving challenging technical problems. The programme is designed for future leaders and specialists who must be able to handle exciting innovative projects in a complex and global business setting.  


120 ECTS.


Language of instruction is English.

Length of study

Two years, full time.

Management Theory Meets Engineering Rigour

Our interdisciplinary programme brings together classic engineering methodology and fundamental management theories in preparing the next generation of engineering managers. Systematic and quantitative methods are applied in conjunction with qualitative methods to solve operational problems and provide support for complex managerial decisions. Our engineering managers are trained to be experts in improving performance of processes in various production or service industries. In our modern economy, it has become increasingly important to reduce costs, increase output and make operations as efficient as possible.


The programme emphasises on both technology and management perspectives in all aspects of problem solving, decision making, and managing risk in complex systems. Engineering Management is suited ideally towards engineers seeking an MBA-style graduate programme, while maintaining the technical rigour of the engineering field.

Chartered Engineer

The programme is designed to meet the curriculum requirements for the professional title of chartered engineer, as defined by the Ministry of Industry and the Association of Chartered Engineers in Iceland (Icelandic: Verkfræðingur).

After successful completion of the programme the student is awarded the degree Master of Science in Engineering Management, and is eligible to apply for the title of Chartered Engineer in Iceland.


The Engineering Management programme takes two years of full time study to complete. The first semester gives the students a holistic exposure to quantitative methods with courses in deterministic optimisation, stochastic modelling, data mining and statistics. During the second and third semester students are introduced to various aspects of technological management and methods for analysing and solving operational problems. The students are expected to concurrently work on an independent research project during their studies.

A normal workload during the first three semesters is three MSc level courses and an extra elective course, aimed at enhancing the understanding of their selected research topic. During the fourth semester, the students complete the research project and write a thesis. Students are encouraged to take a semester abroad during the second year.

 Year 1 Year 2
  • Optimisation Methods
  • Applied Probability
  • Data Mining and Machine Learning
  • Elective

Various options:

  • Electives/Exchange studies/Thesis (60 ECTS)

  • Research Methods I
  • Creating a Complete Business Plan
    for a Technical Idea - Entrepreneurship
    and the Innovation Process
  •  Thesis (30/60 ECTS)

Electives: 24 ECTS of the electives are from an approved list. Other electives should be chosen with the department head's consent.

Please refer to the online Course Catalogue for additional information about courses.


  • An undergraduate degree in engineering, mathematics, physics or computer science is required.
  • The respective undergraduate degree must have included courses on calculus, linear algebra, probability, statistics and programming.

Exceptional students who does not satisfy the requirements above may be accepted to the programme, on a case-by-case basis. In the event that such a student is accepted, they will be expected to make-up the aforementioned requirements during their first year of study.


Contact us

For further information please do not hesitate to contact us.

Department of Engineering Office:


Hlynur Stefánsson

Program Director Engineering Management

Email: hlynurst(at)
Phone: 599-6308

Verity Louise Sharp International admissions officer

Verity Louise Sharp

International Admissions Officer

Email: verity(at) 
Phone: 599-6200



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