European Health Economics & Management | Master

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Short Facts
  • Time model & language: Full-time | English
  • Duration of study: 4 Semester | 120 ECTS
  • Prerequisites: University bachelor’s degree (including a specialization/major), Motivation letter, Internationally recognized English language proficiency test
  • Academic Degree:
    In Austria: Master of Arts
    In the Netherlands: Master of Science
    In Italy: Laurea Magistrale
    In Norway: Master of Philosophy
  • Tuition fee: 
    for students from EU member countries (+ Yugoslav Republic of Macedonia, Iceland, Liechtenstein, Norway, Turkey, Switzerland) : EUR 4,000 for the academic year 2024 – 2025.
    Students from all other countries: EUR 9,000 for the academic year 2024 – 2025.

Before studying

As a commencing student you may have many questions: What does the desired course of studies teach me? How do I apply? What are the requirements for admission to studying at MCI, and what is the application deadline? What are my career options after graduation? Below you will find all the answers and information you may need.

Overview

Studierende im Master Gesundheitsökonomie und Lektorin blicken interessiert Richtung Betrachter

European Health Economics & Management is aimed at graduates of various studies who want to be involved in shaping the healthcare system.

The European Health Economics & Management (Eu-HEM) Master’s degree offered by MCI, the Universities of Bologna and Oslo, as well as Erasmus University Rotterdam, equips students with everything they need for a career in an international environment. The program was introduced in 2012 and, already in 2015, attained accreditation as well as quality assessment by respective bodies in Austria, the Netherlands, Italy, and Norway. From 2018-2020, the Eu-HEM program was recognized as Erasmus Mundus Joint Master Degree by the European Commission.

The harmonized first semester, which is taught at the University of Bologna, aims to acquire the basics relevant to the healthcare sector in the fields of economics, management, law, political science and research methods. Another distinct feature of the European Master’s is its provision of altogether four areas of specialization available to students from the second semester: Management of Healthcare Institutions, Economic Evaluation in Healthcare, Economics & Policy, and Population Health Management.

The program is based on blended learning. Consequently, it combines online modules with on-campus classes. On the one hand, this guarantees a large degree of flexibility and, on the other hand, it provides plenty of opportunity for interaction with teachers and fellow students.

European Health Economics & Management primarily targets graduate students aiming to contribute to the development of the healthcare sector. Completion of this course enables them to assume managerial positions in healthcare institutions, pharmaceutical companies, international organizations, and many more institutions related to the field.

 

Contact
Prof. Dr. Siegfried Walch | Head of Department & Studies Master's Program International Health & Social Management
Prof. Dr. Siegfried Walch Head of Department & Studies

If you have any questions about the study program, please contact us.

Consultancy situation between MCI staff and future student

Admission

The application for the European Master in Health Economics & Management program at MCI is part of a joint Eu-HEM admission process. The required documents must be submitted along with the online application. You can find all information about the Eu-HEM admission process here: eu-hem.eu

International or Non-EU applicants

All students undergo the same online application and admission procedure. We recommend early applications due to the long visa procedures, which may take up to three months or more.

Application Deadline  
     
Date 1 Feb 4, 2024  
Date 2 Mar 31, 2024  
Date 3 May 26,2024  

 

For international applicants we recommend an early application due to long visa procedures, which may
take up to three months or more.

  • Higher Education Entrance Qualification and a completed Bachelor’s Degree
  • A minimum grade average comparable to a Norwegian C or an Austrian Gut in your Bachelor’s Degree
  • Certificate demonstrating English language proficiency*
  • Motivation letter stating why you are applying to the European Master in Health Economics & Management
  • Curriculum Vitae to present your qualifications, experience and skills clearly
  • Declaration form stating that you understand and accept the participation costs of Eu-HEM

All documents including the valid (not older than two years) English language proficiency certificate must be submitted with the online application.

*English Language Proficiency can be proven via:

 

  • TOEFL Test of English as a Foreign Language: TOEFL iBT or TOEFL iBT Home Edition

Minimum total score of 90 with at least 19 in reading, 20 in listening, 20 in speaking and 24 in writing. We do not accept TOEFL MyBest Score to meet the English language requirements.

  • IELTS Academic - International English Language Testing System or IELTS Online

Minimum overall band score of 6.5 with at least 6.5 in each component (listening, reading, speaking and writing). 

  • PEARSON Test of English Academic: PTE Academic or PTE Academic Online

Minimum overall score of 62 with at least 58 in each component (listening, reading, speaking and writing).

The following applicants are exempt from submitting an English language test:

  • Applicants who have completed the International Baccalaureate (IB) programme with English at Higher Level (HL) with the minimum score of 4 or at Standard Level (SL) with the minimum score of 6
  • Applicants who, in 2005 or later, have passed University of Cambridge exams, Proficiency (CPE) with grade A or Advanced (CAE) with the grades A, B or C
  • Country specific exemptions

The English test result cannot be older than two years on the date of the application deadline. See the full list of options and country specific exemptions here.  

Mehrere Master Studierende und ein Lehrender diskutieren in einem großen Sitzkreis zum Thema Gesundheitsmanagement

While studying

MCI study programs stand out due to the quality of their content, relevance to the business world, and their international orientation. The close cooperation with partners from  industry and integrative internships enable students to gain practical experience as early as in their Bachelor’s studies. In addition to providing expert knowledge, MCI places great importance on encouraging personal development and the development of social and intercultural competencies.

European Health Economics & Management

Facts

Time model & language
Full-time | Englisch
Academic year
Winter semester: from September – January
Summer semester: from March – June
Structure
1st semester: Joint fundamental courses at the University of Bologna
2nd semester: Specialization
3rd semester: Specialization
4th semester: Thesis
Specialization
1. Management of Healthcare Institutions
2. Economic Evaluation in Healthcare
3. Economics & Policy
4. Population Health Management
Tuition fees
Students from EU member countries (+ Yugoslav Republic of Macedonia, Iceland, Liechtenstein, Norway, Turkey, Switzerland) : EUR 4,000 for the academic year 2024 - 2025.
Students from all other countries: EUR 9,000 for the academic year 2024 – 2025.

Module overview

Subject%
Fundamental courses 25%
Specialization 25%
Specialization 25%
Master thesis 25%

Curriculum

 ECTS
SEMESTER 1 — UNIVERSITY OF BOLOGNA  
Fundamentals in Health Economics and Management (I.C.) 10
Our Right to Health: Needs, Resources and Society 5
Fundamentals of Quantitative Methods in Health and Healthcare (I.C.) or Quantative Methods in Health and Healthcare (I.C.) 10
Health Systems or International Law and Health 5
SEMESTER 2 — MCI | THE ENTREPRENEURIAL SCHOOL  
Ethical Decision Making 5
Environmental & Health Economics  5 
Analysis and Epidemiology  5 
Digitalization in Social & Health Management  5 
Health Promotion and Integrated Care or Global Health & Social Policies 5
Determinants of Health or Intercultural & Transcultural Communication 5
SEMESTER 3 — UNIVERSITY OF ROTTERDAM  
Comparative Health Policy 5
Health Technology Assessment 5
Public Health Economics 5
Design Thinking for Data Driven Prevention (Intro) 5
Design Thinking for Data Driven Prevention (Case) 5
Economics and Financing of Health Care Systems or Patient Centered Care Delivery or Advanced Research Methods 5
SEMESTER 4 — ONE OF THE UNIVERSITIES IN THE TRACK  
Thesis 30 

 

 ECTS
SEMESTER 1 — UNIVERSITY OF BOLOGNA  
Fundamentals in Health Economics and Management (I.C.) 10
Our Right to Health: Needs, Resources and Society 5
Fundamentals of Quantitative Methods in Health and Healthcare (I.C.) or Quantative Methods in Health and Healthcare (I.C.) 10
Health Systems or International Law and Health 5
SEMESTER 2 — UNIVERSITY OF ROTTERDAM  
Measurement of Patient Preferences using Discrete Choice Experiments 5
Pharmaceutical Pricing & Market Access  5 
Health Care Ethics  5 
Health Technology Assessment  5 
Advanced Health Economic Modeling 5
Behavioural Decision Theory in Health or Global Health Economics or Health & Economic Development: Policies and Evaluation  5 
SEMESTER 3 — UNIVERSITY OF OSLO  
Modeling in Economic Evaluation II 10 
Research Design 5
Topics in Economic Evaluation or Non-Parametric Methods  5 
Elective 10
SEMESTER 4 — ONE OF THE UNIVERSITIES IN THE TRACK  
Thesis 30 

 ECTS
SEMESTER 1 — UNIVERSITY OF BOLOGNA  
Fundamentals in Health Economics and Management (I.C.) 10
Our Right to Health: Needs, Resources and Society 5
Fundamentals of Quantitative Methods in Health and Healthcare (I.C.) or Quantative Methods in Health and Healthcare (I.C.) 10
Health Systems or International Law and Health 5
SEMESTER 2 — UNIVERSITY OF OSLO 5
Qualitative Methods 5
Finance and Investment 10 
Leadership Management & Organization Development 10 
Elective 5
SEMESTER 3 — MCI | THE ENTREPRENEURIAL SCHOOL  
Law and Public Health Practice  5 
Economic Evaluation  5 
Ethical Decision Making 5
Management Accounting & Controlling  5 
Real Life Simulation Methods + Real Life Simulation Practice or Applied Finance Management + Inclusive Leadership in Global Health 10 
SEMESTER 4 — ONE OF THE UNIVERSITIES IN THE TRACK  
Thesis 30 

 ECTS
SEMESTER 1 — UNIVERSITY OF BOLOGNA  
Fundamentals in Health Economics and Management (I.C.) 10
Our Right to Health: Needs, Resources and Society 5
Fundamentals of Quantitative Methods in Health and Healthcare (I.C.) or Quantative Methods in Health and Healthcare (I.C.) 10
Health Systems or International Law and Health 5
SEMESTER 2 — UNIVERSITY OF OSLO  
Applied Micro Econometrics  10 
Finance and Investments or Leadership, Management and Organization 10
Paying Providers of Health Care 5
Elective  5 
SEMESTER 3 — UNIVERSITY OF BOLOGNA  
Law & Economics of Pharmaceutical Markets 10 
Planning and Evaluation of Health Policies 5
Elective 10 
Workshop: Building Empirical Case Studies in Health Economics or Intership
SEMESTER 4 — ONE OF THE UNIVERSITIES IN THE TRACK  
Thesis 30

 

Full-time

The Master program European Health Economics & Management is a full-time degree program. In full-time studies, lectures and seminars are held on weekdays, with blocked units allowing for an intensive immersion into individual topics.
The classes usually take place from Monday to Friday from 09:00 to 12:15 and / or from 13:30 to 16:45. In exceptional cases, the times may vary and the lessons and / or examinations may take place outside the specified times or possibly on Saturdays.

Students completing the European Master in Health Economics and Management earn the master degree “European Master in Health Economics and Management” that is equivalent to the master degree in the countries of the partner universities as follows:

  • Austria: Master of Arts in Business (MA)
  • Italy: Laurea Magistrale in Economia e Politica Economica
  • Norway: Master of Philosophy in Health Economics, Policy & Management
  • Netherlands: Master of Science in Health Economics, Policy & Law (MSc)
Cooperation- & Career Partner (Selection)

  • Austrian Doctors
  • Austrian Public Health Institute
  • European Forum Alpbach
  • European Health Forum Gastein
  • Impact Hub Tirol
  • Kyowa Krinin International
  • Med-EL
  • MOVEEFFEKT GmbH
  • MSD - Merck Sharp & Dohme
  • Roche
  • SOS Children Villages

Learning Goals

In order to ensure the transfer of learning and enable students to further develop competencies leading to clear profiles for their future careers, the MCI has formulated detailed cross-curricular learning goals.

Three stylized persons in white on a blue circle, arrows between the persons symbolize efficient communication in the professional field

Responsible Leadership

Inspired by the UN Sustainable Development Goals, our graduates demonstrate a commitment to ecologically sustainable, economically responsible, and socially equitable decision-making.

Three white gears on a blue circle symbolize the ability to apply theories and scientific methods to practical problems

Academic Rigor

Our graduates can apply relevant theories and appropriate scientific methods in their field of work.

Learning Goals European Master in Health Economics & Management

During the Eu-HEM program, students will develop competences and expertise in the fields of health economics, healthcare management, health policy, and health law and regulation. Students will also acquire skills in essential analytical methods.

  • Students can apply the relevant methodological and analytical skills to share scientific and technical knowledge with health policy and healthcare organizations.
  • Students can apply the advanced and practical skills in the field of health economics and management in health policy, businesses and healthcare organizations.
  • Students can develop an multidisciplinary understanding of challenges in healthcare policy and management.
  • Students fulfil the academic and methodological requirements for a PhD program in the field of health economics and management.

Studying abroad

Another core feature of the Eu-HEM program is its international orientation: it provides its students with the opportunity to spend each semester at a different institution, where a minimum of two institutions have to be attended in the course of the study program. The international perspective of the degree program is also reflected in its lecturers and students, who come from all over the world.

Mentoring

The second year of the study program offers the opportunity to participate in an optional mentoring program. The goal is to provide the students who are in their last year of study with coaching and support, thus creating a transitional phase between study and professional life. 

As part of the mentoring program, students will be able to get in touch with faculty and practice partners, who will then assist them in finding potential research topics for the Master's thesis and employment opportunities.

Prof. Dr. Romano Prodi, Former President of the European Commission, Former Prime Minister of Italy

The MCI impresses with its internationality and entrepreneurial dynamic!

Prof. Dr. Romano Prodi, Former President of the European Commission, Former Prime Minister of Italy

Catherine Ladousse, Executive Director Communications EMEA, Lenovo, Paris

Congratulations to your focus on diversity, your entrepreneurial spirit and your goal to make MCI the best place to work, to learn and grow in a diverse and open world.

Catherine Ladousse, Executive Director Communications EMEA, Lenovo, Paris

Andreas König, former CEO TeamViewer, Start-up Investor, Göppingen / Germany

Unbelievable, what has been created in Innsbruck! An Entrepreneurial University at its best!

Andreas König, former CEO TeamViewer, Start-up Investor, Göppingen / Germany

Margarita Louis-Dreyfus, Chairperson of the Supervisory Board, Louis Dreyfus Group, Amsterdam

MCI, the ideal partner for family businesses!

Margarita Louis-Dreyfus, Chairperson of the Supervisory Board, Louis Dreyfus Group, Amsterdam

Jean-Claude Juncker, President of the European Commission, Brussels

At MCI science meets business.

Jean-Claude Juncker, President of the European Commission, Brussels

Dominik Schiener, Co-Founder & Co-Chairman of the Board of Directors, IOTA Foundation, Berlin

Getting started can be difficult, but the challenges make it all worthwhile. Keep it going!

Dominik Schiener, Co-Founder & Co-Chairman of the Board of Directors, IOTA Foundation, Berlin

Prof. Brun-Hagen Hennerkes, President, Foundation for Family Businesses, Stuttgart

Fantastic, what has been accomplished here.

Prof. Brun-Hagen Hennerkes, President, Foundation for Family Businesses, Stuttgart

Dr. Sabine Herlitschka, CEO, Infineon Technologies, Villach

I am impressed. Keep up the good work with your blithe obsession!

Dr. Sabine Herlitschka, CEO, Infineon Technologies, Villach

Mario Moretti Polegato, Founder & President, GEOX, Montebelluna / Italy

An idea is worth more than a business. All the best for the next steps!

Mario Moretti Polegato, Founder & President, GEOX, Montebelluna / Italy

Prof. Herbert Henzler, Management consultant, Munich

"Make a difference“; be inspired by this entrepreneurial school and this wonderful city.

Prof. Herbert Henzler, Management consultant, Munich

Ulrich Bez, CEO, Aston Martin Ltd., London

Stay cool – keep going!

Ulrich Bez, CEO, Aston Martin Ltd., London

Maria Hoefl-Riesch, olympic champion & entrepreneur, Kitzbühel / Austria

Coming from sports I know of the importance of diligence, courage, will and teamwork. This is for sure the same in science and economy. At the MCI one can feel how well these values are communicated to the students.

Maria Hoefl-Riesch, olympic champion & entrepreneur, Kitzbühel / Austria

After studying

The European Master in Health Economics and Management is strongly supported by future employers in international organisations, hospitals and care organisations, governmental agencies, and research institutions.

Success Stories

MCI Alumni & Friends provides a dynamic service platform promoting contacts, image, professional careers, and personal development of MCI and its graduates. We are delighted with all the graduates who choose to stay in touch even long after completion of their studies, and allowing us to be a part of their various careers:

Professional Opportunities

  • International organizations (e.g. WHO, OECD, EU, internally active interest groups)
  • Social security agencies and private insurance companies
  • Public and private hospitals
  • Nursing and old people's homes, rehabilitation facilities
  • Wellness and cultural facilities
  • Public administrative institutions
  • Consulting company
  • Non-Profit Organizations
  • Social services and basic security
  • Companies in the pharmaceutical industry
  • Politics, associations, interest groups

NEW: alumni

Eu-HEM has established an alumni group on LinkedIn to support the connection and professional networking between stakeholder companies and Eu-HEM graduates. Also visit the Erasmus Mundus Students and Alumni Association (EMA: http://www.em-a.eu/) for more information.

Questions and answers

Yes, it is possible and it is even recommended that you apply before obtaining your Bachelor’s Degree certificate in order to secure one of the limited places in your desired study program. Please include the most recent transcript of records in your application. Should your application be successful, the Bachelor’s certificate is to be submitted prior to the start of your studies.

Students of this study program have the choice within their curriculum, but also as part of their extracurricular activities, to choose between modules, specializations, additional courses, electives, etc. Additionally, the semester abroad at one of our numerous partner universities as well as projects and final papers, enable our students to make their study program a truly unique experience.    

Depending on the field of specialization you choose, classes are held at Management Center Innsbruck, the University of Bologna, the University of Oslo, and the Erasmus University Rotterdam.

For students from EU member countries (+ Yugoslav Republic of Macedonia, Iceland, Liechtenstein, Norway, Turkey, Switzerland):

  • EUR 4,000 for the academic year 2024 – 2025.

 

Students from all other countries:

  • EUR 9,000 for the academic year 2024 – 2025.