Innovation Management: Courses, Eligibility & Fees

Innovation Management courses are designed to provide students with an understanding of the innovation process, from ideation to commercialisation. They cover a wide range of topics, including design thinking, business strategy, market analysis, product development, and more. Whether you’re an entrepreneur looking to start your own business, a manager in a corporate setting, or a student seeking to make a career in innovation, this is for you.

What is Innovation Management?

Innovation Management is a multi-disciplinary course that equips students with the skills and knowledge required to manage and drive innovation in their respective industries. The methods for the same can be incremental, breakthrough, or disruptive.

Types

The 4 Types of Innovation are:

• Disruptive Innovation.
• Incremental Innovation.
• Sustaining Innovation.
• Radical Innovation

Innovation Management Courses

These are the courses that students can pursue after 10+2 and completion of graduation

Undergraduate Courses

If you want to pursue this subject after 10+2, these are some course options:

• B.Tech in Innovation and technology 
• BE in Innovation and management
• B.Sc In Entrepreneurship and Innovation Management 

Postgraduate Courses

These are the Maser course options:

• M.Sc in Innovation Management 
• M.Sc in Strategic innovation Management 
• M.Sc in Innovation Management and Entrepreneurship
• M.Tech in Innovation Management 
• MA in Innovation Management
• MS in Economic and Innovation Management.

Top Colleges/Universities

These are some Top Universities under this category:

Universities	QS Ranking 2023
The University of leeds	86
University College Cork	303
McMaster University	152
The University Of Bristol	61
Dalhousie University	308
McGill University	31
Concordia University	551-560
University Of Regina	1001-1200
Central Queensland University	651-700
University Of Sussex	240

Eligibility Criteria

To be eligible, you need to have a bachelor’s degree in any discipline from a recognized university. Some institutions may also require a minimum GPA score or work experience, depending on the program.

For Undergraduate

• For undergraduate courses, a minimum percentile of 50% marks in the secondary board examination is required.

For Post Graduate

• Students must graduate with aggerate of 55% in the field of B.Sc in Innovation Management, or any other related course.

English Language Requirements 

The candidate will be required to Submit the English proficiency test during admission 

Test	USA	Canada	Australia
IELTS	Overall 7	Overall 7	Overall 7
TOEFL	91+	91+	91+
PTE	60+	60+	60+

Admission Process

The admission process typically involves the submission of an online application, along with your academic transcripts and a personal statement. Some institutions may also require you to take an entrance exam or attend an interview as part of the admission process.

These ae some of step which makes your admission process easy:

• We will help you select your course through our trusted AI Course Finder. 
• Experts at Leverage Edu will then start with your application process at the respective university.
• You’ll have to gather and compile all the necessary documents such as SOPs, Essays, LORs and IELTS, TOEFL.
• Experts at Leverage Edu will then start with the application process for accommodation, student visas, and scholarships/student loans after submitting your application and the required documents. 
• The time has come to wait for your offer letter which usually takes around 4-6 weeks. 

Document Required

These are some of the lists of the main document required for admission:

• Educational Certificates including 10th and 12th Marksheets/ passing certificates.
• Passport size Photo
• Entrance Examination Score Card if any 
• Evidence of Citizenship 
• CV/Resume 
• SOP
• LOR

Core Subjects

A typical course curriculum includes subjects such as:

• Technology Concepts
• Design and Manufacturing Management
• Innovation Strategies
• Creative Thinking and Reasoning
• Impact of Globalisation
• Product Analysis
• Conceptual Design
• Idea Visualisation 
• Design Research
• Value Creation, etc.

Average Fees

The fee for the various courses under this program depends on the institution offering the course and the duration of the program. On average, the fees of undergraduate and postgraduate courses range from INR 8.2 lakh to INR 16.5 lakh. Some institutions may also offer scholarships or financial aid to eligible students.

Career Scope

The students carry the scope to land roles under the below mentioned job profiles.

• Operations Manager.
• Technology Project Leader.
• Program Manager.
• Director of HR Technology and Innovation.
• Senior Director of Marketing Technology.
• Global Transportation Technology Director.

Jobs Prospect and Salary 

Job Title	Starting Average Salary (in INR)
Operations Manager	7-10 LPA
Technology Project Leader	5-8 LPA
Project Manager	8-12 LPA
Senior Director of Marketing & Innovation	12-15LPA
Product innovation Head	10-12Lpa
Innovation Manager	8-10LPA

Top Recruiters 

These are the top Recruiters are:

• Maruti Suzuki
• TATA Motors 
• Boston consulting Group
• Accenture
• IBM

FAQs

This was all about Innovation Management. Stay tuned to Wings by Leverage Edu for more such informative blogs. If you want to know more, our experts can help you explore the various programs offered around the world and assist you to find a suitable one so that you can realise your study abroad goals. Call us immediately at 1800 57 2000 for a free 30-minute counselling session.