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Karimli Tural Doctoral student Karimli Tural Doctoral student
Degree
Dr. rer. pol.

Language
EN

Scholarship
Stipend & Tuition Waiver

Granted to all successful candidates

Programme Start
September

Duration
5 Years

Application Deadline
15 January

Management Concentration

This concentration is one of the three concentrations offered in Frankfurt School's Doctoral Programme.

We are among the very few European business schools conducting top-level scientific research and training doctorates in English. Joining the Management track enables you to study cognitive and behavioural processes shaping the decisions of managers, entrepreneurs, employees and customers as well as the external and internal drivers of organisational design, strategy and performance in fast-changing, globalised markets.

Choosing life as a management scholar is an ambitious but rewarding career choice. If you join our five-year doctoral programme, you will be expected to get your bearings through a number of theory and method courses before moving on to produce research of international scientific standard.

Programme Structure

A prototypical path through our programme would have you brush up on statistical inference, qualitative induction, or machine learning, immerse yourself in the theory of the firm or decision making, beef up your knowledge of your chosen specialist area with internal and external courses, learn-by-doing on research projects with faculty members, craft and execute an original thesis, present and publish ongoing work at conferences and journals, go on an overseas visit to engage with leaders in your field, hone your teaching skills and prepare for the institutional demands of entering the professorial job market.

Each field of research specialisation deserves a slightly modified version of the above. To get you started, you will have approximately two years’ worth of courses, beginning with the standard courses required for all Frankfurt School doctoral students. These will be complemented with the specific management courses. During the course period, you can start exploring research projects with Frankfurt School faculty. The idea is to thus identify an advisory team for the later, research stage of the programme.

Management Curriculum

Management research at Frankfurt School is to move the research frontier, be it through theoretical or empirical contributions. We pride ourselves on making meaningful additions to knowledge by tackling hard problems with novel approaches. To equip students with the foundation needed to join us in this scientific endeavour, we deliver the in-house courses listed below and additionally ask students to partake in specialised courses outside Frankfurt School. This is to ensure that students get exactly the content needed for their individual research foci:

1

Mathematics & Statistics

Mathematics & Statistics

This class sets the foundations for later applications of analytical methods. This includes linear algebra, calculus, optimisation and probabilistic inference. Additionally, a preparatory maths class in the summer is offered for those aiming to brush up before entering this course.

Econometrics I

Econometrics I

The class provides key knowledge on how different econometric models work and most importantly sheds light on their limitations. The course also provides step by step application of new tools to different data sets in the computer lab. You will be asked to replicate and in some cases improve, prior empirical studies.

Microeconomics

Microeconomics

The class provides key knowledge on how different econometric models work and most importantly sheds light on their limitations. The course also provides step by step application of new tools to different data sets in the computer lab. You will be asked to replicate and in some cases improve, prior empirical studies.

Judgement and Decision Making

Judgement and Decision Making

This class takes a critical look at individual judgement and decision making. It covers normative as well as behavioural notions of attention, perception, belief formation, cognition, memory, emotions and social influence, among others.

Independent Study Courses

Independent Study Courses

The Management seminars provide a forum for researchers of all disciplines to present and discuss their research. Before or after the talk there is the opportunity to meet and exchange ideas with members of the faculty in individual discussions.

2

Econometrics II

Econometrics II

The class provides key knowledge on how different econometric models work and most importantly sheds light on their limitations. The course also provides step by step application of new tools to different data sets in the computer lab. You will be asked to replicate and in some cases improve, prior empirical studies.

Theories of the Firm

Theories of the Firm

This course asks why firms exist, how value is added and what should be done within/without the firm. It explores the logic and methodologies of the extent-of-the-market argument, of the opportunism-based theories of the firm and of the resource-based theories of the firm.

Management Research Methods

Management Research Methods

The methods class rounds out the core courses with a specific management toolset. One emphasis is on experiments. Additionally inductive methodologies are being reviewed, as well as mixed forms such as latent-variable analysis and qualitative comparative analysis.

Corporate Development Activities 

Corporate Development Activities

This course puts a particular focus on current research on external firm development. The emphasis is on empirical research, grounded in organisational economics, specifically transaction cost economics, information economics and property rights.

Independent Study Courses

Independent Study Courses

The Management seminars provide a forum for researchers of all disciplines to present and discuss their research. Before or after the talk there is the opportunity to meet and exchange ideas with members of the faculty in individual discussions.

3

Markets & Strategy

Markets & Strategy

This course explores the research frontier in strategic management. Strategy questions rest on attempts to explain performance differences across firms. We cover industry, firm and individual-level explanations of such performance differences.

Elective

Elective

Students can choose up to three elective courses suitable for their chosen area of specialisation. These can be offered by Frankfurt School but often are found at other research universities. The faculty and the programme office help you to identify appropriate courses.

Elective

Elective

Students can choose up to three elective courses suitable for their chosen area of specialisation. These can be offered by Frankfurt School but often are found at other research universities. The faculty and the programme office help you to identify appropriate courses.

Elective

Elective

Students can choose up to three elective courses suitable for their chosen area of specialisation. These can be offered by Frankfurt School but often are found at other research universities. The faculty and the programme office help you to identify appropriate courses.

Independent Study Courses

Independent Study Courses

The Management seminars provide a forum for researchers of all disciplines to present and discuss their research. Before or after the talk there is the opportunity to meet and exchange ideas with members of the faculty in individual discussions.

4

Master's Thesis / 2nd year paper

Master Thesis / 2nd year paper

The second year paper is the first piece of the student’s very own presentable research work. It can also be used to obtain a Master’s degree in Business Research and Analytics.

5-10

Research (Dissertation and Defence)

Research (Dissertation and Defence)

Upon passing the Qualifying Exam at the end of the 2nd year, students enter the research phase of the programme. Students dedicate themselves to their research projects, produce scholarly papers and present their research at international academic conferences. They also have the opportunity to interact with international scholars visiting Frankfurt School to present research in the seminar series.

Seminars & Conferences

Research is a social process. Your Frankfurt School experience includes opportunities to both solicit feedback on your own research as well as learn from others’ ongoing research. The former you can do by presenting early drafts of your ideas and papers at the department’s brownbag seminar series, where colleagues provide a friendly environment for improvement. Besides informal chats with the faculty and your peers, the department’s annual summer school provides an additional intensive event for discussing research. To learn about and discuss current research conducted at other universities, a regular seminar series and occasional conferences with outside speakers provides ample possibilities for interaction with the field. You can find the upcoming management seminars in the below table.

Recent management conferences at FS include:

FS Marketing Research Camp

PROGIC: Workshop on Combining Probability and Logic

SMS: Strategic Management Society Frankfurt Special Conference

Research at FS

Stevo-Pavicevic_746x450.jpg

Why do managers so often underestimate the risk of their strategic decisions? Management professor Stevo Pavicevic tries to answer this question in his work:

"Making decisions is at the heart of the professional lives of managers. Despite managers' best efforts, their decisions are often hopelessly erroneous. Here at Frankfurt School of Finance and Management, we investigate why managers make poor strategic decisions, and more importantly, how firms can build safeguards into the decision-making process to reduce the risk of flawed decisions."

Tetyana-Kosyakova.jpg

Decision making is also important in marketing professor Tetyana Kosyakova’s projects, but her focus is on consumers rather than managers:

"My research is mainly in the area of choice and Bayesian modelling. Currently, I am working on a series of projects, which focus on developing the methodology for estimating consumer preferences based on consumer choice (or purchase) data, when consumers are making choice decisions given a large choice set.

Mehr Weniger

A typical purchase decision from a large choice set could be a consumer picking a yoghurt in a supermarket given a large yoghurt assortment on a dairy shelf or a consumer configuring a laptop given multiple options for processor, memory and other technical features. Traditional models do not scale to large choice sets or large product assortments due to the difficulty of likelihood evaluation. My work is aimed at contributing to this research area."

matthias-mahlendorf-16.jpg

Doctoral students at Frankfurt School often work closely together with faculty members on (larger) research projects. Digitalisation and its corporate impact are at the core of the project of accounting professor Matthias Mahlendorf:

"In a joint project with Doctoral students and international coauthors, we are currently investigating how senior managers develop their expectations about their company's future performance.

Mehr Weniger

This is important because many firms are currently investing in new approaches such as Google's "Objectives and Key Results", OKR as well as in predictive analytics. These tools have the potential to solve some challenges that firms have struggled with for decades, such as slack building in performance goals and biased forecasts. However, we need solid research to distinguish between hype and actual improvements."

Yigitcan_Karabulut_746x450.jpg

Research at Frankfurt School often centres on big problems in society, including climate change and wealth inequality. Take, for example the work of finance professor Yigitcan Karabulut:

"My current research interest lies in household finance, with a particular emphasis on studying the factors that contribute to household wealth dynamics and their implications for the evolution of wealth inequality. In other words, I examine why some families are poor and some are wealthy and how this changes over time. Lately I am working mostly to understand the impact of robots on differences in wealth."

Sashca-steffen_746.png

After a lot of hard work, the tangible output of research is a publication in a scientific journal. We asked Professor Sascha Steffen about the published paper that is closest to his heart:

"Even though it is not my best-published paper, I am very happy about my paper on the "dash for cash" of firms during the current COVID crisis. It was not only the first paper that scrutinised this but also unearthed some subtle drivers of corporate cash holdings.

Mehr Weniger

First, cash does not seem to be just "negative debt" (or a waste of resources that some literature seems to suggest) but there is an economic rationale for holding cash. Second, credit risk matters for cash holdings (which has been somewhat neglected in the literature); it is not only default risk, though, but there is a "cliff risk" for firms to become downgraded to non-investment grade which significantly affects cash holdings."

Sample Publications

Frankfurt School publishes in the top outlets for management research. To get a sense for the kind of research we conduct, please click on the following sample publications:

Publication

Title

Professor

Academy of Management Journal

Pseudo-Precision? Precise Forecasts and Impression Management in Managerial Earnings Forecasts

Markus Fitza

Administrative Science Quarterly

Colleagues and Competitors: How Internal Social Comparisons Shape Organizational Search and Adaptation

Nils Stieglitz

Management Science

Inferring Quality from Wait Time

Mirko Kremer

Organization Science

Noise as Signal in Learning from Rare Events

Claus Rerup

Strategic Management Journal

Entry Timing and Innovation Strategy in Feature Phones

Ronald Klingebiel

Management Faculty

Strategy & Organisation Area
Strategy & Organisation Area
Data & Decision Analysis Area
Technology & Operations Area
Marketing Area

Student funding and scholarships

Frankfurt School offers fully-funded study places for the doctoral programme in order to attract and support the brightest minds in academia.

Students are expected to devote 100% of their working time to their doctoral studies at Frankfurt School for up to five years.

Funding includes a tuition fee waiver and a cost-of-living stipend. The monthly stipend comprises of EUR 1,200.

The stipend will be granted for five years conditional on the continued satisfaction of all academic programme requirements.

From the second year onwards doctoral students may receive an additional EUR 400 for their involvement as a teaching or research assistant. Frankfurt School students thus have a total of  EUR 1,600 for their living expenses.

Furthermore Frankfurt School covers costs related to research, including conferences and overseas visits.

Application process

1. Target Group

Outstanding graduates of a Bachelor‘s or Master’s programme in business administration, finance, management, accounting or related fields who aspire to launch an academic career.

Candidates in the final year of a Master’s or Bachelor’s programme are welcome to apply with their most recent academic transcript. Please note that the degree has to be completed by the time of the beginning of the programme.

2. Online Application

The first step of our application process is to complete the online application form. You will need to upload the following required documents. Please note that you need a certified English or German translation for all documents, that are not originally in German or English. The application platform will be open between 15th September and 15th January.

Required Documents

  • CV and list of publications (if existent)
  • Certified copy of your University Entrance Qualification (Abitur, A-levels or equivalent)
  • Certified copy of your University Degree Certificate or equivalent and academic transcript of records
  • Official GMAT or GRE results
  • Proof of English Language Proficiency Test (TOEFL IBT min. score of 100/IELTS min. score of 7.0)
  • Statement of Purpose (up to 2 pages): Why are you interested in your chosen field of study? What are the potential areas of research you might pursue? Have you completed any research projects with faculty members? Is the research of any member of the FS faculty of interest to you?
  • Optional Statement: If you would like the committee to consider any of the following factors, you can describe their relevance in a separate statement within the application. This can contribute to the diversity of the entering class: background, extracurricular activities, work experience.
  • Two letters of recommendation: To request the letters from your recommenders, you have to register on a separate platform and send your request from there.

    Please click on this link to access the platform: http://apply.interfolio.com/79802

    Create a profile by clicking on the button “Apply now”.

    If you require assistance, go to the “Home” tab and click the “Dossier Quick Start Guide”.

    Once you send your request to your potential recommender, they will receive an e-mail together with a link where they can upload their recommendation letter confidentially. Please provide a deadline for your recommendation letter to ensure we receive it on time. Once the recommender has uploaded the letter, we will be notified and will be able to access it.

3. Interview

Successful applicants will be invited to a online interview with faculty members of the chosen concentration.

4. Results

The final decision regarding admission to our doctoral programme will be made by the Committee for Doctoral Proceedings. It is based on the applicants overall portfolio and the interview.