Master's Degree Program Global Business - Troika.

The international Master's degree program offers a unique experience  by studying over nine months in a program with fellow students of diverse nationalities in countries with different cultural backgrounds.

Students in the Troika program not only attend courses in global business, they also strengthen their social, cultural and language skill sets by attending cultural sensitivity training sessions and mandatory second foreign language courses. Students benefit by facing the challenges of spending time abroad and being an active part of a culturally diverse class throughout an academic year period.

The program offers students an extraordinary opportunity to better understand the complexities of developments in global business by providing future managers with a critical and truly international perspective that goes beyond the boundaries of traditional national education. In addition, the business projects conducted in cooperation with globally active Italian companies take place within multicultural teams. Students can best prepare for future business activities within a real-world international working environment.

Key Facts

International Master's Degree Program


Master of Science (Msc)


4 semesters




120 Credits

Partner Universities

-Higher School of Economics, Russia
-University of Bergamo, Italy

Second Foreign Language

Russian or Italian

Partner Universities

The Troika program takes place at the Higher School of Economics in Nizhny Novgorod, Russia, the Johannes Kepler University Linz, Austria, and the University of Bergamo, Italy. The program prepares students to pursue careers in a global environment. Students spend approximately three months in each country and focus on business practices in Russia, Austria, and Italy.

Master's Program Structure

National Year

During the national year of the program, students study at their home universities. At the JKU, Troika students attend courses in general management and business, research methods, and take English language classes throughout semester one and two of the program. We also strongly recommend that students begin working on their Master's thesis during the first year of the program. Students can choose 6 out of 7 management subjects.

International Year

Each year, approximately 10 students are selected from each university. During the international year of the program, students from all three partner universities will spend three months in Russia, Austria, and Italy, and study together in one class. The program starts in October in Russia, moves on to Austria, and then concludes in Italy in June. Local faculty members from each of the three countries teach the program courses.

During the international year, the joint study program includes courses in international finance, economic and business context, cultural awareness, global governance and advanced management competences, as well as language classes in Russian, Italian or German. Aside from theoretical input, students will also have an opportunity to work at companies on real-world business projects within culturally diverse groups during their stay in Bergamo. This has become one of the highlights of the program.

Successful Completion of the Joint Master's Degree Program

After the joint study period, students return to their home universities to take final examinations and complete a thesis as required by their home university. The student's home university will award the degree. The diploma indicates that the program was offered in cooperation by all three universities. At the JKU, students will be conferred with the title Master of Science (MSc) in Global Business.

„The MGB-Troika program was an outstanding and interesting opportunity for me to study in a dynamic, intercultural environment. In particular, acquiring theoretical knowledge in combination with close ties to well-known multinational players makes the program special.“
Hannes Frauenschuh, Vice President WINTEC USA & Canada at ENGEL, Troika graduate

Double Degree Option

The JKU and HSE offer outstanding students an option to earn a double degree, meaning earning a second Master's degree from the other respective university (MA at HSE, MSc at JKU). In order to be selected and complete the double degree program, students must fulfill the following requirements: 

  • Successful completion of the international year
  • Outstanding academic performance in the program
  • Prepare, translate and verify documents
  • Complete an 8-week internship (in Russia or Austria)
  • Write a second Master's thesis

If you have any questions, please send an e-mail to:

Double Degree Option

Partner University

HSE - Higher School of Economics

Degree Awarded

Master of Arts (MA)

Additional Requirements

- 2nd Masterthesis
- Internship

Recommended Study Plan

As part of the Master’s degree program, students are required to complete courses totaling 120 ECTS credits in the following areas:

National Year

Semester S1 S2 S3 S4
General Management Competence (6 out of 7 modules) 18 18    
Language Skills English 3 3    
Methods in Management Research 3 3    
Master Thesis and Master Thesis Seminar       24
ECTS Credits 24 24 0 24


International Year

Semester S1 S2 S3 S4
Advanced Finance (Russia)     9  
Advanced Management Competence (all locations)     6 6
Cultural Awareness (all locations)     3 3
International Business Projects (Italy)       6
Cultural, Economic and Business Context (all locations)     3 3
Language Skills II (Russian, German, Italian) (all locations)     6 3
ECTS Credits 0 0 27 21


The Master's Degee Program Global Business - Troika consists of a national and an international year. Students must succesfully complete 120 ECTS credits in order to graduate. The following courses are offered during the national year:

General Management Competence (36 ECTS credits)

Students must select 6 out of the following 7 modules (6 ECTS credits each):

  • Strategic Management
  • Marketing
  • Organization
  • Human Resource & Change Management
  • Managerial Accounting
  • Financial Accounting
  • Corporate Finance

Language Skills English (6 ECTS credits)

  • Academic Writing (C1)
  • Case Studies English (C1)

Methods in Management Research (6 ECTS credits)

  • Quantitative Research Methods
  • Qualitative Research Methods

Master's Thesis and Master's Thesis Seminar (24 ECTS credits)

  • Master's Thesis
  • Master's Thesis Seminar

The following courses are offered during the international year:

HSE - Higher School of Economics (13 ECTS credits)

  • International Management 1 (3 ECTS credits)
  • International Marketing (3 ECTS credits)
  • Russian Financial System (3 ECTS credits)
  • Russian Economic and Business Context (2 ECTS credits)
  • Language Skills II (2 ECTS credits):
    • Russian
    • Italian
    • German

JKU - Johannes Kepler University Linz (20 ECTS credits)

  • Global Governance (3 ECTS credits)
  • International Manangement II (3 ECTS credits)
  • International Finance (3 ECTS credits)
  • Cultural Context (3 ECTS credits)
  • Austrian Economic and Business Context (2 ECTS credits)
  • Cultural Awareness I (4 ECTS credits)
  • Language Skills II (2 ECTS credits):
    • Russian
    • Italian
    • German

UNIBG - University of Bergamo (15 ECTS credits)

  • International Business Project (6 ECTS credits)
  • Cultural Awareness II (2 ECTS credits)
  • Italian Economic and Business Context (2 ECTS credits)
  • Risk Management (3 ECTS credits)
  • Language Skills II (2 ECTS credits):
    • Russian
    • Italian
    • German

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