Master in Management

We encourage you to complete your application as soon as possible as there are financial advantages for candidates who submit a complete application early.

*In order to secure the discount you must have received an admission letter by 31 March

**In order to secure the discount you must have received an admission letter by 30 June

The Master in Management programme aims at providing core managerial competencies and expertise that are most in-demand:

1. Managing international businesses and providing sustainable and innovative solutions;

2. Influencing businesses to transform through digitalization and innovation;

3. Making ethical and entrepreneurial decisions for global impact by achieving the following learning goals:

•  analyse and evaluate complex management-related problems in business context.
• communicate effectively in interdisciplinary fields of research and practical business cases.
• engage in complex management concepts and theories to generate insights by applying scientific methods to improve business and management processes.
• gain in-depth theoretical and practical knowledge to better understand ethical responsibilities in management and decision-making.

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.

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.

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.

The module introduces you to general statistical principles, 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. 

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.

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. 

Matching demand and supply is a key driver of firms’ competitive advantage, but is difficult because demand in most markets can vary, while supply is inflexible. With an emphasis on better managing demand-supply mismatches, this course provides a set of concepts and tools to design, analyse, and improve the complex processes that underlie the creation and delivery of both products (e.g., cars) and services (e.g., car sharing platforms).

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. 

External Lecturer

Prof. Dr. Daniel Beimborn

This module teaches our students to boost the performance of any organisation by providing them with key ideas and models of human resources management. Working in small teams enables our students to put theory into practice when identifying and solving problems. You will explore strategies that are associated with building, developing and motivating workforce, whilst developing theories to improve employment relationships for all parties involved. 

In most industries, good R&D performance is critical to generate and sustain a lasting market success, and at the heart of every R&D process is a firm’s innovation management. Starting with the generation of possible innovation opportunities, and continuing with the selection of the most promising ideas and the transformation of these ideas into final products, innovation management has to deal with a set of utterly diverse challenges. For instance, should innovation be incremental or radical; or what are the benefits and costs of open innovation? This course sets out to discuss the key challenges that are inherent to innovation and product development processes. To this end, the course also introduces students to business model innovations and the impact of new technologies on existing R&D strategies.

The course focuses on the design and implementation of high-quality empirical studies in the areas of management. It will serve as a methodological tool kit for your Master thesis and increase your scientific decision making in management and consulting practice.

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.

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. 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 during the third semester and students must choose 2 elective modules to start in their last semester.

You can find the entire list of electives that we offer for 2020 here.

All Master in Management students can go abroad during the fourth semester. They 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.   

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. Two supervisors advise each student in approaching and implementing their research and also asses their thesis once completed.

• Certified copy of your undergraduate transcript of records and degree award certificate
• Certified copy of your TOEFL / IELTS results or equivalent (TOEFL - 90 iBT, 577 ITP / IELTS 7.0 or equivalent)
• Official GMAT score report, GRE score report or FS Admissions Test (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.

Applications are considered on a rolling basis, therefore we encourage you to apply as early as possible. Applications received before the end of November and March will benefit from our early bird discounts of 4000 EUR and 2000 EUR respectively. Applicants interested in a scholarship must complete the relevant section within their online application.

*You must have recieved an admission letter by 31 March and 30 June respectively

Deposit: To reserve your place in the programme, you will need to submit a deposit payment of EUR 3,000. This will be subtracted from the total tuition fee. You will receive instructions for submitting your deposit payment after you have sent us your signed contract of study. 

* The registration fee is due after you have signed your study contract. It is not an application fee.