Applications are accepted for admission and commencement of studies in September 2026
Application Deadline: April 30, 2026
Master of Science (MSc) program in Management and AI: Entrepreneurship and Digital Transformation (offered in Greek)
Purpose of the program
The Department of Management, Entrepreneurship, and Digital Business offers a Master of Science (MSc) program in Management and AI: Entrepreneurship and Digital Transformation, responding to the contemporary needs of the economy and the labor market for executives with a combination of management, business, and digital skills.
The program is a new-generation master's degree in management that combines the core of management science with applications of Artificial Intelligence, digital transformation, and entrepreneurship, with the aim of developing executives capable of making strategic decisions and leading organizations in a rapidly changing digital environment.
The program structure is based on two main thematic areas:
- Entrepreneurship and business development
- Artificial Intelligence and Digital Transformation
The program is implemented using a modern hybrid learning model, allowing students to attend classes in person or remotely, offering them flexibility.
At the same time, emphasis is placed on connecting with industry and the job market through a learning-by-doing environment, where students develop and implement real business and digital projects that are evaluated by market professionals.
Expected learning outcomes
Management skills:
Students will be able to
- develop and apply modern management practices for the effective operation of organizations,
- enhance their leadership skills and solve business problems,
- formulate strategies based on technological innovation and cultivate organizational environments that foster creativity and change.
Entrepreneurship skills:
Students will be able to
- create new innovative and competitive businesses
- recognize innovative ideas through creative thinking
- develop and evaluate business ideas using flexible tools and feasibility studies
- develop business plans for the implementation of business projects
- implement business ideas by establishing and operating a new business
Artificial intelligence and digital transformation skills:
Students will be able to
- understand artificial intelligence and its use in decision-making
- lead initiatives for the adoption of artificial intelligence and digital transformation
- manage organizational change to align people, processes, and strategy during digital transformation
- apply project management tools and agile frameworks
- use artificial intelligence and other digital tools to improve efficiency
Employment Prospects
The program is expected to have a broad impact on the job market, both in Cyprus and abroad, as it combines knowledge of management, entrepreneurship, and modern digital technologies that are increasingly essential in today's economy.
Graduates of the program can apply the knowledge and skills they acquire in various professional fields, such as:
- Management in companies and organisations (public or private) in areas such as strategic management, marketing, financial management, human resource management and business development.
- Management and strategic planning in companies and organizations seeking growth through innovation and digital transformation.
- Establishment and development of new businesses (startups) or modernization of existing businesses.
- Management in the digital business sector, such as digital strategy, artificial intelligence utilization, and business decision-making.
- Consulting for start-ups and growing companies.
- Working in organisations that support entrepreneurship, such as business incubators, business accelerators and investment organisations.
- International opportunities in companies and organizations operating abroad in the digital economy and innovation.
Detailed study program
This Master's program is completed in 18 months of full-time study or up to 3 years of part-time study/90 ECTS.
The program consists of 10 courses and a thesis. All courses are 3 hours long and correspond to 6 ECTS each, while the thesis corresponds to 30 ECTS.
During the first semester, the five courses introduce students to strategic management, financial decision-making, and human resource management, as well as two more specialized topics in AI/digital transformation and business models. In the second semester, in addition to the two core courses in strategic marketing and research methods, students can shape their learning path by choosing specialized courses that emphasize either entrepreneurship and innovation (e.g., entrepreneurship, development of start-ups and small and medium-sized enterprises, innovation and international business), or on digital transformation and artificial intelligence (e.g. AI applications, data analysis and decision-making, digital innovation and project management). The program is completed in the third semester with the completion of an applied master's thesis focused on the main issues related to the central themes of the program.
Programme Structure and Module Description
1st Semester
MGT 520 Strategic Management
This course aims to help students create specialized and practical knowledge of how to apply concepts of strategy, create specialized skills in using tools to analyze the internal and external environment of the firm and develop strategic options for the firm, and select and implement the best option available. Create a research-based diagnosis to strategic problems by integrating often incomplete information.
MGT 540 Financial Analysis and Decisions
Financial decisions are of fundamental importance to the modern economy and have a significant impact on businesses and investors. The cognitive background of finance is highly complex by assimilating fields such as microeconomics, macroeconomics, accounting, mathematics, statistics, business research, decision sciences, strategy, etc. This course aims to introduce students to the theory and application of financial management. It will provide specialized knowledge and tools to solve specific problems faced by a modern business. The analysis focuses on the data in the developed financial markets, especially the US and Europe, with extensive references to Cypriot and Greek realities.
The course also covers financial reports in terms of their structure and evaluation. It includes standard accounting systems, liability accounting, studies and comparative analysis. It also deals with revenue, costing, accounting reports, capital project evaluation, accounting strategies and control strategies, as well as with modern financial issues.
The specific objectives of the course are to:
• Critically examine the relationships between businesses, investors, and financial markets and explore the implications of these relationships in financial management, including the impact on the value of large ad hoc events such as mergers and acquisitions and reorganisations.
• Critically examine economic decisions with regards to investment, financing, and distribution to investors, including identification to risk exposure.
MGT 550 Managing Human Resources & OB
The aim of this course is to provide students with a highly specialised knowledge and a critical awareness of knowledge issues of the fields of human resource management and organizational behavior. It also aims to enable students to apply original thinking of HRM and OB to real-life situations in their own business environment.
MGT 5ΧΧ Specialization Elective Course
MGT 5ΧΧ Specialization Elective Course
2nd Semester
MGT 560 Strategic Marketing
The principal focus of this module is to help students understand the rationales underlying critical managerial decisions in the areas of marketing management (i.e., decisions concerning the design of the marketing program), market strategy (decisions concerning where to compete in the marketplace), and marketing strategy (i.e., decisions concerning how to compete in the marketplace) and to integrate them in formulating strategic marketing decisions. Strategic marketing decisions consider the study of organizational, inter-organizational, and environmental phenomena of significant importance from the standpoint of the long-term performance of organizations. They are concerned with the following:
- consumers, customers, competitors, collaborators, and the context,
- behaviors of organizations involving the use of marketing resources toward the creation, communication, and delivery of products that offer value to customers in exchanges with organizations, and
- behaviors of organizations in the marketplace involving marketing resources to engender specific affects, cognitions, and behaviors in customers.
MGT 590 Research Methods
This course is designed to provide postgraduate students with the necessary skills and knowledge to determine the information necessary to address an identified research problem (basic or applied) and, using this understanding, develop and use an actionable research proposal. In this process, the postgraduate students will gain an understanding of relevant approaches and elements of undertaking a research enquiry specifically to provide insights to solving a relevant problem. They will develop critical core competencies and skills required to carry out such an enquiry.
These competencies and skills include:
- defining research questions;
- setting appropriate research objectives;
- study design that incorporates research objectives and budgetary constraints; secondary and primary data collection and instruments;
- sampling and analysis methods; and effective reporting of results; as well as the importance of ethical conduct in conducting research in both a domestic and in international business contexts;
- to acquire the ability to use the SPSS statistical packet and Nvivo.
MGT 5ΧΧ Specialization Elective Course
MGT 5ΧΧ Specialization Elective Course
MGT 5ΧΧ Specialization Elective Course
3rd Semester
HTM 580 Thesis
Specialization Courses
Semester 1
MGT 511 Designing and Managing New Business Models
The course aims to provide students with specialized knowledge required in designing new innovative business models that are based on the internet and have good chance of succeeding in a competitive business environment. This includes advanced formulation, evaluation and implementation of a business idea and relevant e-business model. Moreover, the course addresses issues pertaining to successful e-business model design, web-based systems development, web systems prototyping and validation, and e-marketing strategy.
MGT 516 International Entrepreneurship
The course examines companies that internationalize immediately or shortly after their creation through the discovery and exploitation of foreign market opportunities.
These companies, known as born global or International New Ventures, are created to compete in the global market. They draw resources from different geographic areas, compete in international markets and face risks from many sources.
The course focuses on the strategies and techniques for creating and managing these companies.
Semester 2
MGT 510 Principles of Entrepreneurship
The course aims to create specialized theoretical and practical knowledge on the basic principles and process of entrepreneurship. It will provide students with the specialized knowledge and skills on the practice of entrepreneurship and new skills on the identification, evaluation, and implementation planning of business ideas.
The course is based on two pillars: 1) the study of the entrepreneur, and 2) the entrepreneurship process, starting with the identification and evaluation of the business idea, and ending with the planning of the implementation of the business idea.
MGT 512 Management and Growth of Startups and SMEs
The course focuses on the early stages of business efforts, starting from the conception of the idea, going into the initial development of a small business and continuing into somewhat larger companies to explore important issues of management and development of start-ups and small and medium-sized enterprises. Also, the course examines decisions involving more established entrepreneurs, such as decisions relating to prospects of further development through international expansion, organic development or other means.
MGT 513 Innovation Management
The course aims to create critical awareness and knowledge of key concepts in innovation management at both strategic and operational levels. The Ιinnovation process is complex and involves risks, and therefore, students should create critical knowledge and skills in using techniques and tools for effectively managing the innovation process. Moreover, students will develop new knowledge about how modern organizations manage innovation despite the constraining factors such large size. The course will expose students to both small and medium-sized enterprises and larger companies and assist them to create critical thinking on how to manage innovation by integrating information from different setting to make critical decisions.
Εξάμηνο 1 & 2
MGT 514 Leadership in start-up businesses and SMEs
The course explores the theory and practice of leadership and leadership development in start-ups and small and medium-sized enterprises.
The course covers the following topics: motivation theories and techniques, theories of leadership, relation between managerial - leadership - entrepreneurial skills, entrepreneurial leadership, change and crisis management, group dynamics, dispute resolution, and moral leadership.
The course also covers the methods and conditions needed to develop leadership and leadership skills in start-ups and small and medium-sized enterprises.
MGT 515 Corporate governance and ethics
This course addresses corporate governance as a key part of the pursuit of proper and efficient practice in the administration of business entities and the ethical aspects of individual and corporate decision making in business. The aim is to develop awareness and understanding of a range of current ethical and governance issues in relation to start-up businesses.
Program Structure and Modules
TABLE: DISTRIBUTION OF COURSES PER SEMESTER
|
No |
Type of course |
Course title |
Course code |
Periods per week |
Period duration |
Number of weeks/ Semester |
Total periods/ Semester |
Number of credit units (ECTS) |
|
First semester |
||||||||
|
|
Compulsory |
Strategic Management |
MGT 520 |
1 |
3 |
13 |
39 |
6 |
|
2. |
Compulsory |
Accounting and Financial Decision making |
MGT 540 |
1 |
3 |
13 |
39 |
6 |
|
3. |
Compulsory |
Human Resources and Organizational Behavior |
MGT 550 |
1 |
3 |
13 |
39 |
6 |
|
4. |
Mandatory - Specialized |
Digital transformation and AI applications |
MGT571 |
1 |
3 |
13 |
39 |
6 |
|
5. |
Compulsory-Specialized |
Business Model Development and Management |
MGT511 |
1 |
3 |
13 |
39
|
6 |
|
Second semester |
||||||||
|
1 |
Compulsory |
Strategic Marketing |
MGT 560 |
1 |
3 |
13 |
39 |
6 |
|
2 |
Compulsory |
Research Methods |
HTM 590 |
1 |
3 |
13 |
39 |
6 |
|
3 |
Specialized elective course |
|
|
1 |
3 |
13 |
39 |
6 |
|
4 |
Specialized elective course |
|
|
1 |
3 |
13 |
39 |
6 |
|
5 |
Specialized elective course |
|
|
1 |
3 |
13 |
39 |
6 |
|
No |
Type of course |
Course title |
Course code |
Periods per week |
Period duration |
Number of weeks/ Semester |
Total periods/ Semester |
Number of credit units (ECTS) |
|
Third semester |
||||||||
|
1 |
Compulsory |
Master's Thesis |
MGT 580 |
1 |
3 |
13 |
39 |
30 |
|
Specialized Elective Courses |
||||||||
|
1 |
Specialized Elective Course |
Project Management |
MGT572 |
1 |
3 |
13 |
39 |
6 |
|
2 |
Specialized elective course |
AI, data analysis, and decision making |
MGT573 |
1 |
3 |
13 |
39 |
6 |
|
3 |
Specialised elective course |
Digital Innovation in Business Operations |
MGT574 |
1 |
3 |
13 |
39 |
6 |
|
4 |
Specialized elective course |
Principles of Entrepreneurship |
MGT510 |
1 |
3 |
13 |
39 |
6 |
|
5 |
Specialized elective course |
Management and Development of Start-ups and Small and Medium-sized Enterprises |
MGT512 |
1 |
3 |
13 |
39 |
6 |
|
6 |
Specialized elective course |
Innovation Management |
MGT513 |
1 |
3 |
13 |
39 |
6 |
|
7 |
Specialized elective course |
Leadership, Ethics, and Sustainability |
MGT514 |
1 |
3 |
13 |
39 |
6 |
|
8 |
Specialized elective course |
International Entrepreneurship |
MGT515 |
1 |
3 |
13 |
39 |
6 |
Admission
Holders of a degree from a recognized University, or holders of a degree that has been considered equivalent to a University degree by the Cyprus Council of Recognition of Higher Education Qualifications (KY.S.A.T.S.) are eligible to apply for a Master's Degree. Also, undergraduate students who are expected to be awarded a University degree before the beginning of the Master’s programme can also apply for this programme.
Candidates are informed of the results of their application by receiving a message at the electronic address they provided upon submission of their application and through the University Portal.
For a complete application, candidates must submit electronically the following:
- Bachelor’s degree from an accredited higher-educational institution.
- Official Transcripts
- Personal CV which exhibits relevant professional and academic qualifications
- Personal interview with the candidate (if deemed necessary)
- Short essay (500 words) in which the candidate explains the reasoning for choosing the particular program by describing his/her academic and research interests in relation to future career plans.
