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STRATEGIC VALUE CHAIN MANAGEMENT

Master's Degree Programme

About the programme
Language: English  (See language requirements)  | Place of study: Aarhus  |  Commencement: August / September (no winter intake)

Please note that, from 2024, the degree programme Business-to-Business Marketing and Purchasing will be called Strategic Value Chain Management.

Introduction

Management extends beyond a single company. A company is dependent on money, supplies, services, and knowledge from a range of suppliers and customers, often spread out over the global business landscape. Unlike most other MSc specialisations, which focus on management within the individual company, the MSc in Strategic Value Chain Management (SVCM) deals with managing the global value chains that the company is part of. The SVCM programme enables graduates to manage the exchanges and relationships with these suppliers and customers, thereby gaining access to external resources required for realising corporate strategy.

Companies often refer to this MSc programme as industrial or B2B procurement/purchasing and sales/marketing. But this management task is not just about buying and selling or marketing products, services, and knowledge on global markets. The SVCM manager becomes responsible for managing, developing, and coordinating a complex range of exchanges with customers and suppliers. The cornerstones of this MSc programme are learnings about the management of the economic and social exchange between the company and other companies in its value chain. Students also become familiar with understanding and managing the legal and technological exchanges, although the former is not a primary focus on the education.

Moreover, the SVCM programme enables candidates to become boundary spanners. Boundary spanners manage these exchanges through relationships with customers and suppliers by building bridge across organisational boundaries, essentially linking their own company with complex chains and network of suppliers and customers across the world. The boundary spanner must establish and develop relationship with other boundary spanners representing various customers and suppliers, but at the same time also maintain a strategic perspective of how one buyer-supplier exchange is dependent on the surrounding network. Strategic decision-making is therefore an essential part of value chain management.

Some key responsibilities of the boundary spanner

Companies are facing an increasing level of complexity in their efforts of managing their position in global value chains, and a MSC in SVCM will find her- or himself right in the middle of managing these exciting challenges:

  1. Innovation: It is well known that much innovation originates in the interfaces between customers and suppliers in global value chains. Managers must develop and facilitate initiatives that innovate processes, products, and services in relationships with key customers and suppliers.
  2. Sustainability: Sustainability is becoming a key demand from stakeholders in the corporate network. Not just the company itself, but the interconnected chains of suppliers and customers that the company operates in, must be sustainable, making this a key topic for an MSc in SVCM.
  3. Risk management: COVID 19, climate change and global shortages among other things, mean that risk management has become an integral part of managing global value chains.

In order to keep a state-of-the-art understanding of these and other SVCM challenges, and incorporate them into our teaching, the programme is handled by a specialised team of researchers with close interactions with corporations operating in global value chains, and at the same time carrying out high quality scientific research into prominent SVCM topics. A range of managers and executives from this corporate network will give guest lectures in the courses, providing the newest insights into the managerial challenges that these companies are facing. The high relevance of the SVCM programme can also be seen from the list of companies that present or former graduates are employed in, including Lego, Vestas, Novo Nordisk, Unilever, Lidl, Bestseller and Danfoss.

Careers

Job opportunities for SVCM graduates are exceptional, given that almost all companies in the global business environment operate in extended value chains. As a starting point, the SVCM graduate is perfectly prepared for a job in both the sales/marketing and procurement functions, and some choose to alternate between the two in the course of their careers. These functions are heavily populated in many companies, and candidates have the opportunity to rise all the way from junior positions through middle management and into top management in their career. Typical early career positions are Category Manager, Supply Account Manager, Key Account Manager, Product Manager and Marketing Manager. There are also a high number of available specialised positions such as Supply Risk Specialist, Supply Market Analyst, Customer Portfolio Analyst, Customer Account Developer or Franchise/Joint Venture/Alliance manager. SVCM candidates are also highly attractive to consultancies. Procurement and sales/marketing consultants’ services are high in demand, and there are both general and specialised consultancies that offer jobs as consultants. Since SMEs are typically very active in their global value chains, they also represent valuable job opportunities. In addition, SVCM graduates are ideally suited to enter the graduate programs of most large companies.

MSc in Strategic Value Chain Management Caroline and Joakim tells about the competencies they have gained from the programme and how they use them in their current job. Stinne explains why there is a need for graduates from this programme.

Admission Requirements

Legal right of admission

Applicants with a Bachelor's degree in Economics and Business Administration (HA) from Aarhus University have the right to be admitted to the Master's degree programme in Economics and Business Administration (cand.merc.) at Aarhus University on the condition that application is made for admission to the Master’s degree programme no later than three years after completion of the Bachelor’s degree programme. The legal right of admission requires receipt of the application by Aarhus University within the appropriate period of time.

Bachelor's degrees with direct admission

The following Bachelor’s degrees fulfill the admissions requirements for the Master’s degree programme in Economics and Business Administration at Aarhus University but are not automatically secured a spot at the programme:

  • Applicants with a Bachelor’s degree in Business Administration with supplementary subject (erhvervsøkonomi med tilvalg) at study plan 2017 and onwards from Aarhus University.
  • Applicants with a Bachelor’s degree in Business Administration and Commercial Law (Erhvervsøkonomi-erhvervsret (HA jur.)) from Aarhus University.
  • Applicants with a Bachelor’s degree in Economics and Business Administration (HA - general business economics) from one of the Danish universities.*
  • Applicants a Bachelor´s degree in Economics and Business Administration (HA) from Aarhus University who no longer have legal right of admission.*

* With a diploma older than 2000, your Bachelor’s degree will be assessed according to the specific admission requirements described under the section: “Students that hold a degree from another university”. 

Students that hold a Bachelor's degree from another university

Other Bachelor´s degrees can provide admission to the Master’s degree programme. When you apply the university will access if your Bachelor´s degree corresponds in level, extent and content to a BSc in Economics and Business Administration/HA from Aarhus Universitet. The assessment will prioritize the sufficient content of the following subjects and ECTS-points:   

Subject

ECTS

Methods*

15 ECTS

Marketing

7,5 ECTS

Finance

7,5 ECTS

Accounting

7,5 ECTS

Organisation- and Leadership Theory

7,5 ECTS

Microeconomics

5 ECTS

Operations Management

5 ECTS

Additional ECTS points within the abovementioned areas

25 ECTS

Total ECTS within Economics and Business Administration

80 ECTS

*Please note, applicants must have at least 15 ECTS within methods including at least 10 ECTS within quantitative methods or statistics. However only 5 ECTS can be covered by Mathematics.

Admission to the MSc in Economics and Business Administration for applicants with a professional bachelor’s degree (professionsbachelor)

In order to meet the admission requirements for the MSc programmes in Economics and Business Administration, applicants with a specific professional bachelor’s degree must have completed specific elective courses as part of their qualifying exam. In this table the requirements for elective courses are laid out.

Language requirements

As English is the language of instruction in all subjects, all applicants are required to provide evidence of their English language proficiency.
Please see the page on language requirements.

Download appendix for your application

If you apply for admission with an international Bachelor's degree, you must fill in this appendix and upload it in the application portal. The appendix serves to help the Admission Board assess your Bachelor's degree in regard to the admission requirements. 

Download appendix

Restricted admission from 2022

As from the intake 2022, the Master’s degree programmes in Economics and Business Administration (cand.merc.) only admits a limited number of students each year. Therefore, meeting the admission requirements does not in itself guarantee admission to the programme. 

Please note, for programmes with restricted admission special rules regarding supplementary Bachelor’s courses apply. Therefore, we no longer offer pre-assessments for the programme in Economics and Business Administration (cand.merc.).

Read more about supplementary Bachelor’s courses.

Selection criteria

If there are more qualified applicants than available seats, the Admissions Committee assesses each applicant based on the average mark (i.e. GPA) of the Bachelor’s degree at the time of application. Marks/grades obtained after the application deadline will not be included in the GPA. The Admissions Committee assesses each applicant’s marks based on the information provided by diplomas and transcripts.

Programme Structure

ACADEMIC REGULATIONS

Below is an outline of the courses:

 


The study programme consists of two semesters in the first year which cover the compulsory courses in the programme specialisation and two semesters in the last year which are reserved for the student's own specialisation.

In the first semester you follow the prerequisite courses that form the methodological and academic basis for the further study programme.

In the second semester you follow the specialisation courses of the programme.

In the third semester you can choose elective courses within your areas of interest. The courses can either be taken at Aarhus BSS during the semester, at the Summer University or at one of our more than 300 partner universities abroad. You can also participate in project-based internship programmes either in Denmark or abroad.

  The fourth semester is devoted to the final thesis. You may choose the topic of the thesis freely and so get a chance to concentrate on and specialise in a specific field of interest. The thesis may be written in collaboration with another student or it may be the result of your individual effort.    

Student Life

Learning in an International Context

At Aarhus BSS, we conduct research at the highest academic level.

All researchers employed are engaged in research projects covering a wide range of different subjects and focusing on knowledge and skills considered essential for professional business activities in the global marketplace. All faculty have both research and teaching responsibilities, which means that our teaching is continually based on the latest research results.

Aarhus BSS is very internationally oriented. The broad scope of our research activities and educational programmes enable us to attract researchers, teachers, and students from all over the world, and this creates an international environment for research and learning in which academic views are exchanged, experiences are gathered and friendships are formed.

Aarhus University is a leading university in Denmark in building student exchange opportunities. The university encourages all students to spend time studying abroad. Every year, more than 700 students from Aarhus BSS go abroad to participate in exchange programmes around the world at our more than 300 partner universities. About the same number of students from all over the world come to participate in the exchange programme in Aarhus, and this contributes to a truly international learning atmosphere.

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Career

Job functions for grads

The chart shows the five most common types of work for graduates 1-2 years after finishing their degree. The data is derived from a survey made by Epinion for the Ministry of Higher Education and Science and Aarhus University in 2020.

Job opportunities for SVCM graduates are exceptional, given that almost all companies in the global business environment operate in extended value chains. As a starting point, the SVCM graduate is perfectly prepared for a job in both the sales/marketing and procurement functions, and some choose to alternate between the two in the course of their careers. These functions are heavily populated in many companies, and candidates have the opportunity to rise all the way from junior positions through middle management and into top management in their career. Typical early career positions are Category Manager, Supply Account Manager, Key Account Manager, Product Manager and Marketing Manager. There are also a high number of available specialised positions such as Supply Risk Specialist, Supply Market Analyst, Customer Portfolio Analyst, Customer Account Developer or Franchise/Joint Venture/Alliance manager. SVCM candidates are also highly attractive to consultancies. Procurement and sales/marketing consultants’ services are high in demand, and there are both general and specialised consultancies that offer jobs as consultants. Since SMEs are typically very active in their global value chains, they also represent valuable job opportunities. In addition, SVCM graduates are ideally suited to enter the graduate programs of most large companies.

We want to help our students find successful careers. Students can always contact our Career Services for advice and assistance with getting onto the Danish labour market. Check out our careers page to see the range of services we offer.

At VELUX, candidates with a strong understanding of business markets and the ability to handle ambiguity and complexity are in high demand. As we continue our development as a global matrix organisation, we look for talents with knowledge of individual disciplines such as purchasing and marketing. At the same time, market demands and technological developments make it increasingly important for our employees to know how to work together with other business functions and how to build strong partnerships with customers and suppliers. For us, a degree programme with this focus is highly relevant.

CONNIE C. STANIOK 
Senior Director Global HR Development, VELUX