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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
27 August

4 Semester | full-time

3-semester track available

The Master in Management programme

Providing young, innovative individuals with the knowledge and expertise to excel in their career, the Master in Management programme has a unique time model and promotes a hands-on learning approach, preparing you for the realities of a career in consulting, digital innovation and a diverse international environment.

  • Curriculum that combines academic expertise with practical relevance
  • Five concentrations: Digital Business, International Business, Manufacturing, Marketing, Strategy & Organisation 
  • Flexible programme structure allowing part-time employment with our 3-day Model
  • International opportunities
  • Extensive network of cooperating companies and universities worldwide
  • Study, network and experience Life in Frankfurt


  • A first academic degree of at least 180 ECTS, irrelevant of discipline 
  • Excellent written and spoken English (TOEFL - 90 iBT / IELTS 7.0 or equivalent) or TOEFl ITP (minimum score of 577)
  • Valid GMAT / GRE score or Frankfurt School Admission Test
  • Successful admissions interview

Aims and objectives

Upon completion of the programme graduates will be able to:

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

Master's Info Evening

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


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 free of charge prep-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.



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.


International Management

This course will give you a wide-spread and in-depth overview of selected management topics with a focus on research across different countries and cultures. You will learn how to manage a company’s resources and capabilities within international competition to ensure it can adapt to diverse operating contexts. Students will come to understand how intuitions of different customs have an impact on other firms across borders, learning to manage knowledge flows and optimise the performance of any company.


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.


Business Statistics

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. 

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. 


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.


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. 



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. 


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.


International Business Ethics

You will learn about the contemporary challenges of an international business environment such as corporate social responsibility, sustainability, ethical business and governance. Necessary in an ever globalising business world, a strong focus will lie on diversity and inclusion. 

Leadership & Human Resource Management

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. 


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

International Business concentration students are encouraged to go abroad during the fourth semester. 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.   

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. 

Elective @ Bocconi

One of the electives in 4th semester is an International Entrepreneurship module at Bocconi University in Milan, Italy. The module includes site visits at Ferrari and Lamborghini. Please note that we will charge an extra fee to take part in this module.

Study Abroad Option

International Business concentration students are have the option to go abroad in the third semester, whilst all other students can go abroad during the fourth semester. 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.   

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
  • Product Management
  • (Strategic) Marketing Consulting
  • Client Analyst
  • Digital Marketing Specialist
  • Project Manager
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
  • Strategy Consulting
  • Business Development
  • Project Management
  • Corporate Strategy
  • Financial Services Consulting
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 a semester at one of our partner universities. Students are required to spend at least one semester abroad. 

Career Paths

  • Financial Services
  • Consulting
  • 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

  • Digital Business Consulting
  • Digital Business Development
  • Digital Process Manager
  • Digital Strategy Management
Core Modules

  • Digital Marketing: Prof. Dr. Christian Schulze
  • Digital Analytics: Prof. Dr. Peter Roßbach
  • Digital Management: Prof. Dr. Daniel Beimborn

FT Ranking 2017

The Master in Management was ranked in the “Financial Times Masters in Management 2017 Ranking” for the first time, placing #41 worldwide, the best position of all new entrants this year. 

Study Abroad

Go abroad, meet new people, experience a new culture, and broaden your perspective.
Complete the 4th semester at one of our 80 partner universities worldwide or set up a self-organised semester abroad at a non-partner university.

Be fully immersed into a new environment & prepare yourself for the globalised business world.

Study Models

Regular/4-Semester 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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*1st semester modules may be waived based on prior academic study and subject to approval by the progamme director.

*1st semester modules may be waived based on prior academic study and subject to approval by the progamme director.

3-Semester Track

Applicants with a business related degree may be eligble to complete the progamme in 3 semesters and start in the summer term. Please contact us for more information.

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

5-day Model Overview

We offer two fast-track options which enable you to reduce your required stay in Frankfurt.
16 Months + Thesis: Students take the fourth semester electives in the third and second semesters.
10 Months + Thesis: Additionally, depending on your prior qualifications, all of the first semester modules may be waived. The 10 month track requires a business related Bachelor's degree. Please note that students taking the fast-track option can not take advantage of our “3 Day Model”, as fast-track options require a 5 day study week. All fast-track options must be approved on an individual basis by the programme director and require a business related Bachelor's degree.

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*1st semester modules may be waived based on prior academic study and subject to approval by the progamme director.

*1st semester modules may be waived based on prior academic study and subject to approval by the progamme director.

Learning Experience

Practical Learning

Our Master in 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 consulting and finance industry are evident in the guest lecture opportunities. Students can network with innovators and industry veterans regularly from their own university.

Case Studies

You will prosper from our exclusive case study learning opportunities through lectures and seminars that are run by companies such as Dr. Oetker and P&G. This allows students work on real-life case studies preparing you for the realities of the working world. 

Field Trips

You will gain on-site experience through our regular field trips providing you with exclsuive insights to companies including Lufthansa Cargo, John Deere and Opel. You have the opportunity to personally ask questions and recieve advice from experienced professionals. 

John Deere Visit
Opel Visit

German Classes

The Master in Management is taught entirely in English. However, German classes are provided for all non-German speaking students throughout the duration of the programme. We strongly encourage our students to learn German before they arrive in Frankfurt in order to improve their employment opportunities.

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.

Business Games

"Business Games combine theory, creativity and social skills. I have learned how to structure a completely new team under time pressure to perform at its best."
Ulrich Wiebach, Class of 2017

HEC Business Game

Solvay Business Game

Why did our students choose FS?

FS Master's on Social Media

Student Life

Join our community of aspiring and inspiring individuals and get involved at FS by joining a student initiative, participating in a sport or business competition, by serving on our Student Council, or by creating your own event or initiative.

Employment Statistics - Class of 2016

Starting Salary after Graduation*

Average Salary 54,765 Euro
Average Reported Bonus 11,709 Euro

* excluding trainees and interns

Where do our graduates work?

List of employers

Accenture KfW
Allianz Global Investors KfW IPEX
Amazon Leica Camera
Atlantic Group Norma Group 
AVAG Holding Ommax
BlackRock proresult
Capgemini Consulting Ritzenhöfer
Commerzbank Sanofi
Continental Simon Kucher & Partner
Deufol Sopra Steria Consulting
Deutsche Bank targens
Ebner Stolz Management Consulting Thomas Cook 
ING /zeb
J.P. Morgan

Employment by Industry

Consulting 32%
Financial Services 29%
Industry 15%
Automotive 5%
Start-up 3%
Healthcare 3%
Constructions 3%
Others 10%

Employment by Function

Consulting / Project Management 35%
Banking / Finance 29%
Business Development 9%
Procurement / Logistics 9%
Sales 9%
Management 3%
Strategy 3%
IT 3%

Time until Employment

Remained with current employer 19%
Before graduation 39%
0 - 3 months 40%
Self employment 2%

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 in Management students

Frankfurt School graduates are known for their first class-analytical skills and practical knowledge. To prepare Master in Management 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.

Class Profile


Number of students 86
Nationalities 15
Average age 24 


Female 48%
Male 52%

Origin of Students

Germany 62%
Asia 19%
Europe excl. Germany 14%
Americas 4%
Africa & Middle East 1%

Educational Background

Business Administration 40%
Other 21%
Economics 19%
International Business & Management 12%
Engineering 4%
Finance 4%

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 7,0) or TOEFL ITP (minimum score of 577)
  • 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.

Winter Semester Start

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.
27th August Start of programme

2. Assessment Centre 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.

Assessment Center Dates 2018 in Frankfurt:

  • 7 February                                  
  • 21 March
  • 18 April
  • 5 May
  • 6 June
  • 27 June
  • 18 July
  • 4 August

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 in Management programme begins on August 27th 2018. 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.

Information Events

Would you like to get first-hand experience of what the Master in Management 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.

Master's Info Evenings

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

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.

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.

Study Fee

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


Klaus-Peter Müller Scholarship

The Klaus-Peter Müller Scholarship is offered to students with an outstanding profile who have performed remarkably during their previous studies, and are now planning to join a Master or MBA full-time programme at Frankfurt School. 

Click here to find out more!

2017 KPM scholarship holders

Ecmel Hamarat

Master of Finance

From: Frankfurt am Main (Hessen)

Bachelor Degree: BSc Economics and Business Administration

Matthias Schmitt

Master in Management

From: Bühl (Baden-Württenberg)

Bachelor Degree: BSc International Finance

Nikolai Schütze

Master of Finance

From Siegen (North Rhine-Westphalia)

Bachelor Degree: BA Business Administration

Markus Losse

Master of Finance

From: Diez an der Lahn (Rhineland-Palatinate)

Bachelor Degree: BSc Insurance and Finance