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Master of Science (MSc)


Tuition Fee
32,500 Euro

Deadline for early-bird discount: 31 March

Application deadline
30 June

Programme Start
28 August

4 Semester | full-time

The Master in Management programme

The Master of Science in Management offers young talents the opportunity to develop an individual competence in process management and strategy. Analytical knowledge combined with a strong practical understanding and a highly flexible programme profile prepares students for a successful career in manufacturing, consulting or financial services.

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Globalisation, customer demands, and technological changes are just some of the factors that highly efficient companies need to deal with.This requires permanent rethinking of structures and business processes in order to maintain competitive, only achievable if management embraces an analytically sound approach to complexity.

To succeed in this environment, you must combine specific knowledge with a holistic approach. Our Master in Management programme provides the necessary tools and concepts to kick-start a career in consulting, industry, financial services and beyond.

  • Curriculum that combines academic rigor with practical relevance
  • Five concentrations: Digital Business, International Business (new for 2017), Manufacturing, Marketing (new for 2017), Strategy & Organisation 
  • Flexible programme structure - 21, 15, or 10 months plus thesis
  • International opportunities: study abroad options
  • Learning beyond the classroom: numerous student and sports clubs
  • Extensive network of cooperating companies and universities worldwide

Learning target

Graduates of the MiM programme...

...apply quantitative and analytical skills in diverse business environments
...apply management knowledge to business problems
...formulate and implement effective processes and develop best-practices
...identify and evaluate process analyses related to business decisions
...lead diverse project groups
...demonstrate a deep understanding of processes in marketing, manufacturing, strategy & organisation, digital business or international business


  • First university degree (Bachelor or equivalent)
  • Excellent written and spoken English skills (TOEFL min 90 IBT, IELTS of at least 6.5 or equivalent)*
  • Frankfurt School Admission Test, alternatively GMAT or GRE
  • Successful participation in our admissions interview

*The MiM is taught entirely in English. However, all non-German speaking students are required to take German classes. We strongly encourage our students to learn German before they arrive and offer German classes upon arrival in order to improve their employment opportunities.

Study fee

Registration fee: 100 Euro
Semester fee: 8,100 Euro
Total price: 32,500 Euro


Students learn core management disciplines while tailoring the programme to their needs through a choice of five concentrations: marketing, manufacturing, strategy & organisation, digital business or international business.


Applicants without a first degree in business or economics may be required to complete additional pre-courses in accounting, economics, finance, management and statistics to obtain the necessary knowledge required for the programme prior to the start date.

Semester 1

Business Economics


The module offers an introduction into essential analytical approaches and topics of economics, straddling the different disciplines of microeconomics and macroeconomics. The course puts emphasis on the economic theory of behaviour, enriched by recent insights of behavioural economics, and relates this with the performance of markets and firms.


Prof. Dr. Eberhard Feess

Prof. Dr. Dieter Gerdesmeier


You will look into the way that asset markets operate and the fundamental tools of asset valuation. This module also covers corporate finance and you will acquire analytical tools for financial decision making and valuation. Students learn the theoretical concepts underlying modern corporate finance and asset markets.


Prof. Dr. Stefan Petry

International Management

This module deals with the foundations of management studies on a global scale, including basics of strategic management, competition and organization and contemporary approaches to advanced management principles. In addition, the module will deliver insights into modern management and new forms of organization across countries, which are of high relevance in today’s constantly and fast changing global era.


This module will introduce you to the principles of financial and managerial accounting. The main topics are: details and interconnections between the balance sheet, income statement/ P&L statement and cash flow statement based on International Accounting Standards (IAS) / International Financial Reporting Standards (IFRS). You will also explore relevant sections of management accounting including cost accounting, planning, control and performance management.


Prof. Dr. Michael Grüning

Business Statistics

The module introduces you to general statistical principals, which can be applied to all areas of economics and finance. The combination of theoretical knowledge and analytic skills gained in this module enables you to critically evaluate business and financial proposals when dealing with clients, donors, partners or financiers. On completion of this module, you will be able to analyse statistics from both scientific publications and practical articles. 


Prof. Dr. Jan Vecer

Semester 2

Strategic Management

Strategy is about why some firms are successful and others are not. The course develops an understanding of how firms can design processes in markets and organisiations to achieve competitive advantages. Besides an overview of how market processes affect firm profitability you will also discuss how the design of firm boundaries influences this and how organisational processes contribute to competitive advantages. 


Prof. Dr. Nils Stieglitz

Operations Management

The course deals with the key concepts of Operations Management such as Total Quality Management, Total Productive Maintenance and cellular manufacturing. You will focus on lean production concepts, where Kanban and Just-in-Time are discussed.


Jörn-Henrik Thun

Information Systems

This modules aims to establish the foundations required to manage information systems in a business environment. Based on knowledge about different types of information technology and information systems, future managers will be able to evaluate potentials of IT from a strategic and business oriented perspective. 


Prof. Dr. Daniel Beimborn


Marketing is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value. This module provides an overview of marketing processes and principles, and provides students with the opportunity to apply the key concepts to practical business situations.  


Dr. Britta Meinert

Concentration Modules

Each student will choose one of five concentrations (see below) to focus on during their studies. Each concentration has a set curriculum of core modules to be completed.

Semester 3

Innovation Management

Firms must regularly develop new products and continue to appeal to the current market in order to survive in today’s rapidly changing business world. In this module, you will look at the origins of innovation and the timing decisions of market entry, whilst also covering the importance of IT and digitalisation. Finally, you will examine the realms of Block Chain, evermore relevant in the modern innovative business environment.   


Prof. Dr. Philipp Sandner

International Business Ethics

This module delivers knowledge about basic ethical issues and their relation to prudential considerations of business across countries. It discusses the role of individuals in making ethical decisions, differentiating between different ethical approaches and methods.

Obedience and conformity, the ethical standing of global markets, and the importance of ethical behavior are addressed. Students will be introduced to different methods of ethical framework and how to apply them to international businesses.

Leadership & Human Resource Management

Concentration Modules

Each student will choose one of five concentrations (see below) to focus on during their studies. Each concentration has a set curriculum of core modules to be completed.

Study Abroad Option

You have the option to study at one of our international partner universities and use the credits gained during the semester abroad to replace the electives. International Business concentration students are required to go abroad, whilst the semester abroad is optional for all other students.  

Semester 4

Electives 1 & 2

A range of electives including Project Management, Industry Practice and Supply Chain Strategy and Financial Performance allow you to tailor your Master in Management through a diverse and distinctive structure of time formats and block weeks. Electives are taught not only by in-house faculty, but also by leading international practitioners, providing you with the tools to meet your personal aspirations. Elective options are published at the end of the second semester and students must choose one elective module during the third semester. 

Study Abroad Option

You have the option to study at one of our international partner universities and use the credits gained during the semester abroad to replace the electives. International Business concentration students are required to go abroad, whilst the semester abroad is optional for all other students.  

Master's Thesis

You are required to conduct independent research in order to complete their Master’s thesis. The thesis period usually lasts for three months and takes place during the 4th semester. In preparation for their Master’s thesis students participate in a workshop, introducing them to both qualitative and quantitative research methods. Two supervisors advise each student in approaching and implementing their research and also asses their thesis once completed.



The new Marketing concentration reflects that marketing no longer consists of coining a catchy slogan and hoping for the best. In today’s fast-paced world, marketing managers must continuously measure customers’ reactions, leverage the available data to distill insights, and adapt and optimise their marketing efforts accordingly. The Marketing concentration combines state-of-the-art knowledge in data-driven marketing with practical, hands-on experiences to equip you with the skills demanded by marketing managers across various industries today.

Career Paths
- Consulting
- Start-up
- Marketing Agency

Core Modules
- Marketing Strategy
- Marketing Decision Models
- Digital Marketing: Prof. Dr. Christian Schulze

Related Elective Modules
- Consumer Behavior

Strategy & Organisation

In this concentration you will systematically explore how firms shape market and organisational processes to improve performance. The modules Organisational Design, Entrepreneurial Opportunities, and Cases in Strategy & Organisation allow you to develop the relevant analytical and practical skills needed in today’s fast-changing business environment. The concentration prepares you for management consulting, executive or line manager assistant roles, or strategy and business development. 

Career paths

Core modules
-Organisational Design: Prof. Dr. Nils Stieglitz
-Entrepreneurial Opportunities: Prof. Dr. Markus Fitza
-Cases in Strategy and Organisation: Prof. Dr. Klingebiel

Related elective modules
- Strategic Competition 

International Business

This concentration gives you the skills and techniques to approach foreign markets and nurture domestic companies to have a global reach. You will analyse successful international businesses and develop the necessary skills to manage a business during today’s peak of globalisation. You will master vital managerial techniques for international projects and study the components of cross-cultural negotiations in preparation for any cultural barriers you may face in the working world. International Business students spend at least one mandatory semester at one of our partner universities. Students are required to spend at least one semester abroad. 

Career paths
-Financial Services
-Governmental Institutions

Core modules
-Cases in Global Management
-International Business Environment: Prof. Dr. Michael U. Klein
-Intercultural Negotiations and Communication

Related elective modules
- Diversity Management
- Causes & Contagion of Financial Crises


Manufacturers must continuously rethink their business processes in order to remain in the competitive market. Hence, today’s manufacturers are in need of highly competent managers who are able to create new approaches for manufacturing or improve existing processes sustainably. You will cover topics on supply chain management & logistics, operations research, and technology & engineering. This concentration is ideal for a career path in industry, logistics or consulting.

Career Paths
  • Consulting
  • Logistics
  • Procurement
  • Quality Management
Core Modules
  • Logistics and Supply Chain Management: Prof. Dr. Jörn-Henrik Thun

  • Operations Research: Prof. Dr. David Francas

  • Technology and Engineering Prof. Dr. Philipp Sandner

Related Elective Modules
  • Project Management
  • Industry Practice
  • Supply Chain Strategy
  • Financial Performance

Digital Business

Businesses within all industries are faced with the opportunities and challenges presented by digital transformation. The ubiquity of digital technologies, such as social media, mobile devices and sensor technologies, combined with the resulting availability of “Big Data” enables firms to ‘digitalise’ each and every part of their business. In doing so, marketing strategies and interaction with customers and supply chain partners are being transformed: quicker decisions can be made through the use of detailed real-time information, new digital products and services are being introduced, and business models are being transformed. Job opportunities range across all industries and firm sizes (including start-ups), with some focus on consulting organisations on how to transform their business by utilising data and digital technology.

Career Paths
-Marketing Agencies

Core Modules
-Digital Marketing: Prof. Dr. Christian Schulze
-Digital Analytics: Prof. Dr. Peter Roßbach
-Digital Management: Prof. Dr. Daniel Beimborn

Time Models

Regular Track (3-day Model)
3-day Model Overview

3-day Model Overview

The Master in Management follows a unique time model that permits you to work part-time whilst pursuing your full-time Master’s degree. We call this the “3-day model”.

Our students typically attend classes three days a week, namely “Thursday, Friday and Saturday”. This leaves you with three work days during the week for self-study, language courses or part-time employment. Some lectures or excursions are organised as blocked week events.

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*Pre-semester modules may be waived based on prior academic study and subject to approval by the progamme director.

*Pre-semester modules may be waived based on prior academic study and subject to approval by the progamme director.

 Fast-track (5-day Model)
5-day Model Overview

5-day Model Overview

A fast-track option is available if you want to reduce your required stay in Frankfurt to 15 months plus the thesis.  This enables you to take the semester 3 elective modules in previous semesters and thus requires you to study 5 days during the work week. Depending on your prior qualification some or all of the modules from the Pre- semester may be waived, and thus the length of the programme can be shortened to 12 months + thesis. All fast-track options have to be approved on an individual basis by the programme director.

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*Pre-semester modules may be waived based on prior academic study and subject to approval by the progamme director.

*Pre-semester modules may be waived based on prior academic study and subject to approval by the progamme director.

Learning Experience

Case study learning

Our Master of Management programme is based on a mixture of theoretical learning, supported by and reinforced with case studies and group work, following the Harvard model of teaching.

Guest lectures and talks

Frankfurt School’s close ties to the finance industry are evident in the guest lecture opportunities. Students can network with innovators and industry veterans regularly from their own university. 

Competition & Success

Frankfurt School encourages students to participate in various challenges and competitions throughout the year, giving selected students the opportunity to prove themselves and compete against others from top universities worldwide.

HEC Paris Business Game

This year, we are sponsoring seven Master students to participate in the HEC Business Game. Students will take part in various strategy challenges and present their solutions to the respective companies. Last year’s competition involved 154 students from 46 different universities. Frankfurt School won two challenges and several team members earnt summer internships at the respective companies. 

Employment Statistics

Salary after Graduation*

Average Salary 54,868 Euro
Average Reported Bonus 7,925 Euro

* excluding trainees and interns

Where do our graduates work?

List of employers

Allianz KPMG
Bayer Lloyds Bank
Capgemini Lufthansa
Commerzbank Milupa (Danone)
Consileon Norma Group
Deloitte Oliver Wyman
Deutsche Bank Porsche
EY Strategy&
Freudenberg Gruppe SunGard
Helaba - Landesbank Hessen Thüringen The Boston Consulting Group
Hessian Court of Auditor The Nielsen Company
Italienische Handelskammer UBS
J.P. Morgan Volkswagen
Jeppesen Sanderson (Boeing) /zeb

Employment by Industry

Finance 35%
Consulting 34%
Industry 11%
Research 6%
Technology / Engineering 4%
Chemistry / Pharma 3%
Real Estate 3%
Others 4%

Employment by Function

Finance / Banking 16%
Consulting 14%
IT 13%
Procurement / Logistics / Sales 10%
Compliance / Audit / Controlling 8%
Management 3%
Strategy 4%
Others 32%

Time until Employment

Remained with current employer 23%
Before graduation 28%
0 - 3 months 33%
After 3 months 11%

Employment Region

Germany 90%
Europe 3%
Asia 3%
Australia 2%
Americas 2%

*This class profile is formed from MiM and MIB Classes of 2015.

Career Services

Right from the start of your studies our Career Services team is part of your Frankfurt School experience. Our experts offer individual advice and professional answers to all your questions about jobs and careers within management and business.

Career Services for our Master of Finance students

Frankfurt School graduates are known for their first class-analytical skills and practical knowledge. To prepare Master of Finance students for successful future careers, we provide the following services:

  • Individual career planning and placement support
  • CV checking
  • Job market preparation
  • Professional skills workshops and application trainings
  • Job board
  • Career fairs
  • Corporate presentations and workshops
  • Career Services newsletter
  • Access to Frankfurt School’s career network with corporate partners and alumni

The aim of our professional services is simple: to enhance the professional development of our students and to assist in preparing them as thoroughly as possible for a successful career. Whether supporting you in finding a part-time job alongside your studies, an internship during the breaks or a full-time job after graduating, our Career Services team is here to help you make the most of your next career step.

Alumni Career Stories

Class Profile

Class of 2017

Number of students 91
Nationalities 27
Average age 24 


Female 46%
Male 54%

Origin of Students

Germany 43%
Europe excl. Germany 21%
Asia 21%
Americas 11%
Africa & Middle East 4%

Educational Background

Economics 25%
Humanities 18%
International Business & Management 14%
Business Administration 12%
Social Science 12%
Finance 7%
Others 9%

Application Process

1. Online Application

The first step in applying for our programme is the completion of our online application, which includes uploading the following required documents in support of your application:

Required Documents

  • Certified copy of your undergraduate transcript of records and degree award certificate
  • Certified copy of your TOEFL / IELTS results or equivalent (TOEFL IBT minimum score of 90 / IELTS minimum score of 6,5)
  • FS Admissions Test, GMAT score report or GRE score report (no possibility of waiver)
  • CV or resume (must be in English)
  • Other documentation supporting professional experience or other extracurricular activities, if applicable

Each of the documents listed above are required for completing your application. However, you do not need to upload them all at once.

Deadlines for starting in winter semester

The final deadline for applications is June 30th.

Applications are considered on a rolling basis, therefore we encourage you to apply as early as possible. Applications received before the end of March will benefit from our early bird discount of 3000 EUR. Applicants interested in a scholarship must complete the relevant section in our online application and submit it by the end of June.

31st March Deadline for early-bird discount.
30th June Final deadline for all applications.
30th June Final deadline to be considered for FS Scholarships.
5th September Start of programme

2. Assessment Center and/or Interview

We require the successful participation in an admission test. We prefer, if you take the Frankfurt School Admission Test, which is held on campus in Frankfurt regularly. We also accept GMAT or GRE.

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After reviewing your application documents, we will invite qualified candidates to participate in a personal interview with a faculty member of Frankfurt School of Finance and Management. The interview will be held either at Frankfurt School, or over the phone for students that are not able to make an in-person interview. The purpose of the interview is to gain a better understanding of your character, personality, expectations, motivations and goals.

3. Results

The final decision regarding admissions into our Master’s programme will be based on a combination of the candidate’s undergraduate grades, English language abilities, admission test, and the interview results.

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We also take into account other significant experiences, commitments or awards such as internships, international experiences, and volunteer projects.

4. Programme Start

The Master of International Business programme begins on September 5th. All students are expected to be at Frankfurt School on this day. For non-EU applicants who require a visa to enter Germany, please keep in mind that it can take up to two or three months to obtain the necessary visa.

Our study advisor is available should you have any questions or concerns regarding your application.

Information Events

Would you like to get first-hand experience of what the Master of Finance is really like? Meet the Programme Director, talk with current students, take part in a classroom lecture, or tour our campus. It's all possible through individually scheduled sample lectures and our regular Master Evenings.

Sample Lectures

Visit a class this semester to discuss a case study with academic staff and current Master students. This is your chance to experience typical classroom subjects, teaching techniques, and learning methods.

Feel free to contact our team to arrange a campus visit, including a guided tour of the campus.

Master Evenings

Learn more about our Master programmes at one of our Master Evenings! Benefit from personal conversations with our professors and programme directors and find out which programme could help you excel in your career. 

Financing & Scholarships

Investing in your future

Your degree is an investment in your professional future. As a business school of international standing, not only do we offer you ideal conditions for earning a degree – we also offer you excellent career prospects.

And since we can guarantee the quality of our teaching and research, we also expect the highest levels of commitment and motivation from our students.