IMIM: International Master in Industrial Management

What IMIM: International Master in Industrial Management does

IMIM (International Master in Industrial Management) is a 16-month, full-time, English-taught dual-degree master's program operated as a consortium between Universidad Politécnica de Madrid (UPM) and Heriot-Watt University (HWU). Founded in 2004 and now in its 23rd edition (2026-28 cohort), the program admits approximately 30 students per year and delivers instruction sequentially across four campuses in three continents: Madrid at UPM (semester 1: Strategy, Data Analysis, Finance, Marketing, Entrepreneurship), Edinburgh at Heriot-Watt's Edinburgh Business School (semester 2: Innovation, Operations, Project Management), and a third-semester specialization at either Heriot-Watt's Dubai campus (operations and supply chain) or Kuala Lumpur campus (competitive strategy and leadership). A fourth semester consists of a 6-12 month corporate internship worldwide followed by a master thesis. Graduates earn both an MSc from Heriot-Watt University and a Master in Industrial Management from UPM.

The primary target customer is a recent graduate with a scientific, engineering, or technical bachelor's degree seeking business management skills, international exposure, and a dual credential to transition into managerial roles in internationally oriented manufacturing and service industries; a secondary persona is the business graduate seeking differentiated credentials and operational depth. The program is delivered direct-to-consumer via the masterimim.eu website, email inquiries to [email protected], education-fair outreach, and referrals from its 600+ alumni network spanning 25 countries.

The business model is a direct tuition-based revenue stream, with fees of EUR 20,500 per student (per the most recent admissions page; the FAQ page lists EUR 18,500) payable in three installments across the multi-year program. Recruitment leverage comes from El Mundo's #1 ranking in Specialized Management (Spain, 2024), strong employer recognition from multinationals such as Deloitte, J.P. Morgan, Airbus, Accenture, BCG, L'Oréal, Nestlé, and Volvo, and small-cohort personalization. IMIM is not a standalone commercial entity; it is a joint academic offering of two public universities, with seven listed staff members in an operational/administrative capacity and no disclosed investors or M&A activity.

Name

IMIM: International Master in Industrial Management

Legal name

Universidad Politécnica de Madrid

Website

https://masterimim.eu

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

IMIM is a 16-month, English-taught dual-degree master's program in Industrial Management operated jointly by Universidad Politécnica de Madrid and Heriot-Watt University, enrolling about 30 students annually across campuses in Spain, the UK, the UAE, and Malaysia, and serving engineering and business graduates seeking international managerial careers.

Ownership category

akta.pro rank

Product category

Graduate Business Education

NAICS

Colleges, Universities, and Professional Schools (6113), Professional and Management Development Training (611430)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Strategy, Consulting & General Management Institutes (EDAHAHAI)

akta.pro secondary industries

Operations, Supply Chain & Logistics Management Schools (EDAHAHAF), Human Resources, Organizational Behavior & Leadership Institutes (EDAHAHAG)

Keywords

• Industrial management education
• Dual degree program
• International master program
• Engineering business management
• Graduate business education

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Tuition Fees: The primary revenue stream is tuition fees charged to students for the 16-month International Master in Industrial Management program. Students pay tuition to enroll in the dual-degree program delivered across multiple campuses.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

IMIM is a 16-month, full-time, English-taught double-degree master's program in Industrial Management. Students study across three cities in four countries — Madrid (UPM), Edinburgh (HWU), and Dubai or Kuala Lumpur (HWU) — and graduate with both an MSc from Heriot-Watt University and a Master in Industrial Management from Universidad Politécnica de Madrid. The curriculum blends engineering/technical foundations with business disciplines (Strategy, Data Analysis, Finance, Marketing, Operations, Supply Chain, Leadership) and culminates in a 6-12 month corporate internship and master thesis.

Product overview

IMIM is a single, unified educational program — the International Master in Industrial Management — delivered as a double degree across multiple modules over 16 months. The program consists of four semesters: Semester 1 in Madrid at UPM (Strategy, Data Analysis, Finance, Marketing, Entrepreneurship), Semester 2 in Edinburgh at HWU (Project Management, Systems Thinking, optional electives), Semester 3 at HWU Dubai or Kuala Lumpur (Operations/Supply Chain or Competitive Strategy/Leadership tracks), and Semester 4 featuring a 6-12 month corporate internship and master thesis.

Differentiator

Problem solved

Functional benefit

Products and services

• International Master in Industrial Management (IMIM) A 16-month, full-time, English-taught double degree master's program in industrial management. Students study across three cities in four countries (Spain, UK, UAE, Malaysia) and earn an MSc from Heriot-Watt University and a Master in Industrial Management from Universidad Politécnica de Madrid, including a 6-12 month corporate internship. Designed for graduates with engineering/science or business backgrounds pursuing managerial careers in internationally orientated manufacturing and service industries.

Quantifiable outcome

• Ranked #1 in El Mundo Spanish master's ranking in Specialized Management category
• +1 more outcomes

Named customers26 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Universidad Politécnica de Madrid (UPM)coreStrategic or Co-development PartnerUPM is one of the two degree-granting universities in the IMIM consortium. Founded in 1971, UPM is Spain's top technical university, consistently ranking first in Spain for technical degrees. UPM provides the first semester of instruction in Madrid and grants the Master in Industrial Management degree.
• Heriot-Watt University - Edinburgh Business School (HWU)coreStrategic or Co-development PartnerHeriot-Watt University's Edinburgh Business School is a global hub of business knowledge and research. With campuses in Dubai, Malaysia, and Edinburgh, HWU delivers the second and third semesters and grants the Master of Science degree. The university has a mission to lead in globally accessible, practice-oriented business education.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• London Business School Masters in Management: Top-tier pre-experience Master's in Management aimed at recent graduates from engineering and business backgrounds seeking international management careers. Directly comparable in target student and curriculum scope to IMIM.
• CEMS Master in International Management: Elite international consortium Master's in Management that — like IMIM — grants degrees through partner universities in multiple countries. Targets a similar cohort of high-caliber international students and competes for the same candidate pool seeking globally portable management credentials.
• HEC Paris MSc in Management: European MSc in Management for graduates transitioning into general management. Comparable to IMIM in target audience (engineering/business undergraduates), international cohort composition, and premium positioning, though larger in scale.
• SDA Bocconi Master of International Management: Italian top-tier CEMS-affiliated Master in International Management. Comparable in cohort profile, international dual-degree positioning, and placement into multinational employers.
• WHU Master in Management: German top-ranked CEMS-affiliated Master in Management. Comparable to IMIM in CEMS-style international structure, pre-experience cohort profile, and focus on placing graduates into multinational employers.
• RSM Rotterdam School of Management Master in Management: Dutch top-tier MSc in Management / Master in Management with strong international placement record. Comparable to IMIM in targeting engineering/business graduates and emphasizing multinational career outcomes.
• IE University Master in Management: Madrid-based Master in Management from IE Business School. Directly comparable Spanish peer targeting the same candidate market of recent graduates seeking international management careers, and competing in overlapping El Mundo rankings.
• ESADE Master in Management: ESADE's pre-experience Master in Management targets international graduates seeking European business credentials. Comparable Spanish peer in positioning, premium pricing tier, and emphasis on international cohort experience.

Broad incumbents

• ESCP Master in Management: Multi-campus European Bachelor/Master in Management with campuses across multiple countries — directly parallels IMIM's rotating multi-city structure, though at significantly larger scale and broader positioning.

Others

• Universidade Politécnica de Madrid — Escuela de Negocios Industriales: UPM's business school, which is one of IMIM's two institutional partners and is the Spanish face of the consortium. Comparable in parent-institution positioning to IMIM and hosts the program's Madrid semester.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/school/imim-international-master-in-industrial-management

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IMIM: International Master in Industrial Management