University of Cyprus

A programme that provides students with the knowledge and the entrepreneurial skills needed to successfully manage innovative ideas in this ever-changing environment by offering an integrated curriculum blending theoretical concepts with practical applications.

Master in Business Economics: Technology, Innovation, Management and Entrepreneurship


First round of assessment: 2/4/2024

Second round of assessment: 30/4/2024

Final submission deadline: 14/6/2024

The Faculty of Economics and Management of the University of Cyprus is the only AACSB accredited school in Cyprus and Greece.



 Aim and Objectives

Bridging the gap between finance, innovation management and entrepreneurship, focusing on business strategy, financing innovation, access to capital markets and intellectual property. 

Intended Learning Outcomes

TIME seeks to develop in each graduate coming from different backgrounds the capacity to:

  1. adapt and to understand the changing business arena
  2. creatively use, shape, and generate value from technological opportunities
  3. recognize and confront new opportunities in the business environment
  4. evaluate and respond to emerging threats
  5. interact with and lead diverse groups of people
  6. analyze and evaluate business operations and processes
  7. synthesize and apply cross-functional approaches to organizational issues.
Admission requirements

A Bachelor degree with good performance in any discipline from a Greek, Cypriot or foreign University or Polytechnic is a minimum requirement for admission to TIME MBE program. The Bachelor degree is not required to be in economics. Positions are routinely offered to candidates with degrees in mathematics, statistics, business, and other fields.

Additionally, candidates are judged on the basis of the following:

  • Previous university education
  • Letters of recommendation
  • Personal interview (if judged necessary)

The TIME MBE program will also consider additional relevant information submitted by candidates, such as research activity, work experience, conference attendance, etc. No rules of transfer / recognition of prior education are applied on the Program.

English language requirements
English language requirement Candidates for graduate studies whose first language is not English are required το provide proof of proficiency in English in one of the following ways:
  1. G.C.E. O-Level English with a minimum grade “C”.
  2. I.G.C.S.E. English with a minimum grade “C”.
  3. I.E.L.T.S. minimum average score 6.5.
  4. T.O.E.F.L. with a minimum score of 550 (Paper-based) or T.O.E.F.L. with a minimum score 213 (Computer-based) or T.O.E.F.L. (Internet based) with a minimum score 92.
  5. Cambridge English First (FCE), with a minimum score 176.
  6. Cambridge English Advanced (CAE), with a minimum score 176.
  7. Cambridge English Proficiency (CPE), with a minimum score 176.
  8. Certificate of Proficiency in English (ECPE), with a minimum score 650.
  9. Anglia Examinations – Proficiency (C1).
  10. IB diploma (International Baccalaureate).
  11. Certificate of success in the exams conducted by the Ministry of Education and Culture.
  12. Certificate of success in year 6th final exams, of the Cyprus State Institutes of Further Education.
  13. Any other equivalent exam that will prove proficiency in English language.
  14. Personal interview.
  15. Candidates who hold a degree from a recognized university programme taught in English are considered to have proficiency in English.

A Master's in Business Economics provides a strong foundation in basic economic principles and simultaneously meets the needs of decision-makers and entrepreneurs in business and related areas.

During the course students develop a critical ability in applying economics to practical scenarios in real-life situations. Diverse courses span both traditional and emerging field in economics. The program produces professionals with the multidisciplinary background required in economics and business; lateral thinkers who are analytically strong and adaptable.

The Summer Internship offers the invaluable experience of applying skills and knowledge. It provides the opportunity to work at a host organisation, such as a private company, public institution, consultancy firm, research organisation, university or NGO.

Summer internship

During the internship the student has two supervisors: (i) the internship supervisor (a staff member of the host firm/institution) who offers guidance on work activities and provides feedback on performance; and (ii) a university supervisor with whom the student regularly discusses the progress in her/his work activities during the internship.

Students prepare a report which is submitted to the program and is signed by their internship supervisor.

After completion of the internship the student is expected to be able to: (a) apply knowledge and skills acquired during the course of study; (b) better execute certain professional skills; (c) work independently (d) understand and function within the organizational culture; (e) expand his/her professional network.



Program Structure


TIME MBE is a full-time 15th month program with 105 ECTS needed for a successful completion. All courses are required.

The program consists of three different components:
  1. The Academic Modules (September – May, 60 ECTS)
  2. The Summer Practicum (May – July, 15 ECTS) A Supervised Summer Internship
  3. The Master Thesis (May – December, 30 ECTS)