INTERNATIONAL

MSc IN

Impact Entrepreneurship & Innovation

Application round:
Round 1
(Starting from)
11900
Language
English
Location
On Campus
Intake
Late August
Type of Study
Face-to-Face
Format
Full time
Language
English
Location
On Campus
Intake
Late August
Type of Study
Face-to-Face
Format
Full time

Top Business School in Europe and #1 in Portugal!

Develop your entrepreneurial DNA through a hands-on approach and a real-world perspective, bringing together the technical and personal competencies of management and innovation. By following the Entrepreneurship track, the Innovation track or the Health specialization, you will benefit from expert guidance unlocking your potential and positive impact.

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Pamela Lara

As an architect, my enthusiasm lies in creating solutions that positively impact people’s lives and comprehending diverse situations.
In our ever-evolving society, we face new challenges demanding innovative approaches. Fortunately, the world is a vast canvas for everyone’s diverse ideas, and I've chosen this Master's program as my route to acquire the tools and refine the skills needed to bring my creative visions to life. The added benefit of connecting with like-minded teachers who share my ideologies makes this educational journey even more welcoming and inspiring.
Master of Impact Entrepreneurship and Innovation
Nova SBE CEMS MIM is part of the alliance of 33 Business Schools among the best worldwide

(10 CEMS schools in the Financial Times TOP 20 Master's in Management).

About the program

#impactful
#handsOn
#applicable

• Practical learning experience with the right balance between theory and practice
• Keen sense of contemporary and foundational issues, such as product innovation, entrepreneurship, globalization, sustainability, healthcare, and digital business
• With the support and collaboration of the Calouste Gulbenkian Foundation, this program sets you up for an impactful entrepreneurial journey
• Bring your own ideas to life or work directly with the Haddad Entrepreneurship Institute or with partner companies from the Innovation Ecosystem

95.2
%
working within
6 months
68.4
%
have an
International career

Explore your path,
customize your future.

Graph legend:
Mandatory Modules
Mandatory Courses
Electives to choose

Structure & Schedule

Year 1
(60 ECTS)
Fall
Microeconomic Analysis
(7 ECTS)
Macroeconomic Analysis
(7 ECTS)
Econometrics
(7 ECTS)
STATA Module
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Macroeconomics or Mircroeconometrics
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Mandatories & Electives
(28 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Mandatories & Electives
(28 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Investments
(7 ECTS)
Empirical Methods for Finance*
(3.5 ECTS)
Financial Modeling*
(3.5 ECTS)
Corporate Finance
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Spring
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
IMF Career Program
(2 ECTS)
Exclusive Language Courses
Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Mandatories & Electives
(28 ECTS)
Spring
Mandatories & Electives
(28 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.
Internship Project (individual)
Work Projects with an international scope conducted during an internship or a job.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Exclusive Language Courses
Exclusive Career Support
Compulsory Internationalization Requirement
Year 1
(60 ECTS)
Fall
Investments
(7 ECTS)
Financial Modeling*
(3.5 ECTS)
Empirical Methods for Finance*
(3.5 ECTS)
Corporate Finance
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Entrepreneurship with impact
(7 ECTS)
Entrepreneurial Journey
(3.5 ECTS)
Becoming a Change Maker
(3.5 ECTS)
Opportunity Identification
(3.5 ECTS)
Innovation for Impact
(3.5 ECTS)
Elective
(3.5 ECTS)
Applied Research
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Entrepreneurial Project; Innovation Project
(7 ECTS)
Metrics that Matter
(3.5 ECTS)
Data Science for Impact
(3.5 ECTS)
Mandatories*
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

The Work Project will be based on the students’ ideas to tackle grand challenges. It can be their own social venture or an innovative solution to implement within an existing organization.

Year 1
(60 ECTS)
Fall
International Relations and Organizations
(3.5 ECTS)
Public Policy I
(3.5 ECTS)
Markets, Incentives and Behavior
(3.5 ECTS)
Development Economics I
(3.5 ECTS)
Statistics for Policy Action
(3.5 ECTS)
Policy Appraisal
(3.5 ECTS)
Management
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Development Economics II
(3.5 ECTS)
Public Policy II
(3.5 ECTS)
Politics for Policy
(3.5 ECTS)
Policy Evalation for Public Policy
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Policy Analysis exercise
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Introduction to Python for Data Analysis
(3.5 ECTS)
Data Curation for Business Analytics
(3.5 ECTS)
Research Methods for Business Analytics
(3.5 ECTS)
Data Visualization for Business Analytics
(3.5 ECTS)
Digital Strategy and Markets
(3.5 ECTS)
Optimization
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Data Ecosystems and Governance in Organizations
(3.5 ECTS)
Elective
(3.5 ECTS)
Machine Learning
(3.5 ECTS)
Elective
(3.5 ECTS)
Digital Experimentation & Causal Analysis
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

+ 3rd Language: level A1/A2 (only required at the end of the 2 years)
(Example: 60h Course in A1/A2 from selected institute such as Cervantes, Goethe, etc.)
The area of expertise in Hospitality & Customer Experience also includes a complementary innovation program that will guide students on an entrepreneurial journey where they can develop creativity and their entrepreneurial skills, develop their own projects, and even potentially start their own businesses.
Workstreams

Workstreams allow students to specialize in specific areas while taking core subjects. They follow a set study plan, often linked to a final Work Project. The first two semesters cover essential management disciplines and workstream-specific subjects, while the third semester focuses on the Work Project under expert supervision. Applications for workstreams must be made during the application process, and spots are limited.

Hospitality & Customer Experience, managed by Nova SBE Westmont Institute Tourism & Hospitality
Integrated Marketing Communications
Luxury Management

Choose your Electives

Popular Electives

Discover some of the most popular electives:

  • Entrepreneurial Finance & Venture Capital
  • Introduction to Programming
  • Impact Investments
  • Business Model Innovation
  • Negotiation
  • AI Impact on Business
  • Digital Strategy and Transformation
  • Product Design and Development
  • Persuasion and Negotiation
  • Performance and Progress
Explore the program brochure to learn more about all available options.
Areas of Expertise
Critical Approaches / Ethics

Data

  • Applied Business Analytics  
  • Applied Entrepreneurship
  • Brands and Marketing in Asia’s Emerging Markets  
  • Business Model Innovation  
  • CIRCULAR ECONOMY: Eliminate, Circulate and Regenerate  
  • Corporate Strategy and Transformation
  • Design Thinking for Social Innovation  
  • Digital Marketing  
  • Diversity & Inclusion  
  • Doing Business in Emerging Markets  
  • Economics of Education  
  • Economics of Health and Health Care  
  • Economics of Health Systems  
  • Energy and Climate Change  
  • Entrepreneurial Finance & Venture Capital  
  • Entrepreneurial Strategy  
  • Environmental Policy  
  • Fintech Ventures  
  • Fundamentals on Environment and Sustainability
  • Global Energy Markets  
  • Healthcare Innovation  
  • Impact Investments  
  • Innovation and Value Creation Wheel  
  • Introduction to Machine Learning  
  • Introduction to Programming  
  • Labor Economics  
  • Leadership and Change Management  
  • Leading Social Enterprises with Impact in International Development  
  • Mental Models for Strategy  
  • Mergers, Acquisitions, Restructuring  
  • Negotiation  
  • Open Innovation  
  • Organizing for Good in the digital age  
  • Performance and Progress  
  • Power and Social Change  
  • Product Design and Development  
  • Responsibility and Ethics of Business  
  • Science-Based Entrepreneurship and  
  • Social Marketing  
  • Social Media Marketing  
  • Strategy Implementation  
  • Sustainability Evaluation of Policies, Plans and Projects  
  • Sustainable Finance  
  • Sustainable Operation
  • System Change  
  • Team Dynamics in Organizations  
  • Technology Strategy  
  • The Business of Climate Action  
  • Value-Based Health Care  
  • Work & Family
Areas of Expertise
Available to choose
  • Applied Business Analytics  
  • Applied Entrepreneurship
  • Brands and Marketing in Asia’s Emerging Markets  
  • Business Model Innovation  
  • CIRCULAR ECONOMY: Eliminate, Circulate and Regenerate  
  • Corporate Strategy and Transformation
  • Design Thinking for Social Innovation  
  • Digital Marketing  
  • Diversity & Inclusion  
  • Doing Business in Emerging Markets  
  • Economics of Education  
  • Economics of Health and Health Care  
  • Economics of Health Systems  
  • Energy and Climate Change  
  • Entrepreneurial Finance & Venture Capital  
  • Entrepreneurial Strategy  
  • Environmental Policy  
  • Fintech Ventures  
  • Fundamentals on Environment and Sustainability
  • Global Energy Markets  
  • Healthcare Innovation  
  • Impact Investments  
  • Innovation and Value Creation Wheel  
  • Introduction to Machine Learning  
  • Introduction to Programming  
  • Labor Economics  
  • Leadership and Change Management  
  • Leading Social Enterprises with Impact in International Development  
  • Mental Models for Strategy  
  • Mergers, Acquisitions, Restructuring  
  • Negotiation  
  • Open Innovation  
  • Organizing for Good in the digital age  
  • Performance and Progress  
  • Power and Social Change  
  • Product Design and Development  
  • Responsibility and Ethics of Business  
  • Science-Based Entrepreneurship and  
  • Social Marketing  
  • Social Media Marketing  
  • Strategy Implementation  
  • Sustainability Evaluation of Policies, Plans and Projects  
  • Sustainable Finance  
  • Sustainable Operation
  • System Change  
  • Team Dynamics in Organizations  
  • Technology Strategy  
  • The Business of Climate Action  
  • Value-Based Health Care  
  • Work & Family
Critical Approaches / Ethics
Mandatory Courses
Selectable Electives
Data
Mandatory Courses
Selectable Electives
Economics
Mandatory Courses
Selectable Electives
Entrepreneurship
Mandatory Courses
Selectable Electives
Finance
Mandatory Courses
Selectable Electives
Marketing
Mandatory Courses
Selectable Electives
Organizational Studies
Mandatory Courses
Selectable Electives
Strategy
Mandatory Courses
Selectable Electives
Sustainability
Mandatory Courses
Selectable Electives
Health Innovation Specialization Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Tab Title
Mandatory Courses

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Selectable Electives

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* Program may be subject to changes.

Awards

Nova SBE, in partnership with different national and international entities, annually rewards the students' academic achievements.

Income Share Agreement

Aims to support Portuguese students accessing learning programs by paying the tuition fee, which students will only reimburse when they start working.
Professional practice as a plus in your Curriculum Vitae
Nova SBE is a member of the CFA® Institute University Affiliation Program, which is a relevant addition to a student’s Curriculum Vitae when applying for top-tier finance firms. This status is granted to higher education institutions whose degree programs incorporate at least 70 % of the Level I CFA® Program Candidate Body of Knowledge (CBOK), thus providing students with a solid grounding in the CBOK and helping them obtain their Chartered Financial Analyst designation.

The CFA® recognition signals potential students, prospective employers, and the marketplace that Nova SBE Master’s in Finance curriculum is closely tied to professional practice.

Nova SBE offers a unique opportunity to prepare for the internationally recognized CFA® exams during the degree. ​The scholarships reduce fees to 350$ (saving at least 800$ per exam).

Class Profile

2025/2026
122
Students
94
%
International Students
17
Nationalities
23
Average Age
52
%
Female
48
%
Male

Academic Background

90
%
Business & Management
4
%
Social Studies
%
Applied & Pure Sciences
2
%
Engineering
%
Computer Science & IT
%
Humanities
1
%
Law
2
%
Media
2
%
Health & Medicine

Fees & Scholarships

Master's

Regular track

1.5 years
11900
Non-EU/EEA students:
13000
Enrolment in the Master’s program becomes effective after the payment of a 1250€ (EU/EEA)/2350€ (non-EU/EEA) non-refundable fee which will be deducted from the total tuition fee
Additional fees:
- Administrative costs €36.5 (includes school insurance)
- Master's Certificate €50
- Master's Diploma ("Carta de Curso") €120
Addon
+ 0.5 years

Exchange Semester

+
3000
The application for the exchange semester will occur in the students' academic period at Nova SBE.
Addon
+ 0.5 years

Double Degree

+
The application for the exchange semester will occur in the students' academic period at Nova SBE.
Addon
+ 0.5 years

CEMS MIM

+
8750
Enrolment in the CEMS MIM program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.
Addon

Double Degree w/ Maastricht SBE

+
Enrolment in the Double Degree program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.
Addon
+ 0.5 years

Double Degree w/ NYU Tandon

Fees available here
Enrolment in the Double Degree program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.

Scholarships

These are some of the scholarships available to the students for the Master’s in BusinessAnalytics:

  • Nova SBE Continuity Scholarship
  • Nova SBE Social Continuity Scholarship
  • Nova SBE Merit Scholarship
  • António Serrenho Scholarship
  • Banco Primus Scholarship
  • Explorer Excellence Scholarship
  • NOVAFRICA Scholarship
  • Santander Apoio UniversitárioScholarship
For more information, check out our website.

Life @ Nova SBE

We have a dedicated team to help you navigate our Nova Way of Life and help you with:

Getting started

Visas
Accommodation​
Transportation​​
Living Costs​​
What to do​​
Life at Nova SBE Guide​​

Well-being

World Mental Health Day​
Well-being week​​
Well-being workshops​
Well-being resources Thrive
Mindfulness​
Peer Tutoring Program​
Special educational needs​
Counselling / Coaching​
Psychotherapy CUF or SASNOVA​
Redefining campus life

Clubs & Students' Union

We have 30+ clubs that go beyond their traditional role to boost student engagement on campus, which is often the catalyst for a positive student experience.

Nova SBE Students’ Union was born with a mission: to represent all Nova SBE students. Itoffers the best events, initiatives, student clubs, and some of the best sports teams inuniversity championships.

Campus

Nova SBE

Our campus in Carcavelos is built to provide you with the best academic experience! Here, you can find everything, from restaurants and a grocery store to a gym, bank, and even a health clinic.

Student residencies
Tunnel
(from the campus to the beach)
FNAC store
Fitness Hut Gym
Private medical Clinic
(CUF)
Mon Café Coffee Shop
Café Joyeux
3 restaurants
Rooftop bar
(with a beach view)
Pingo Doce Supermarket
(the first in Portugal without cashiers)
3 studios available
(for recording videos, podcasts, voice-overs)

Your future career

Nova SBE Master’s students have a dedicated Careers Services team to help with placement and aspirations.

As a Master’s student you will have access to:

Dedicated careers team

Exclusive career program aiming at international placement, with a dedicated career counselor

Mastering your Career Program

a series of workshops and career events that will help you acquire market knowledge and set your personal and professional goals

Individual counselling sessions

you’ll be accompanied by a dedicated Career Counsellor who will support you in defining your career goals and preparing for recruitment processes

Career Fairs

each year, there are two Career Fairs on campus to meet and network with recruiters from leading national and international companies

Career Events

activities both on-campus (company presentations, business challenges, networking opportunities) and off-campus (company visits, online presentations).

Meet the Market

this module connects students with companies who operate inspecific industries of their interest

Careers@

visits to companies of a specific geography, so that students connectwith these companies and understand how it is to work in this specific location

Career Center by JobTeaser

the Careers @ Nova SBE portal by JobTeaser connects students to the marketplace, by providing access to Job Offers, Events, Counselling, and Career-related resources

Special Mentoring program

our Mentoring program connects experienced Nova SBE Alumni with students with the goal of guiding them on the transition from academic life to the job market

Top recruiters

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Fast FOrward To Your Future

Application round:
Round 1
First and Last Name
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